Arc Home Reports Q1 Book Value of $9.97, CEO Says Earnings Power Will Increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Reports Q1 $9.97 Book Value per share. "Despite a challenging macroeconomic backdrop that pressured book values across the industry, our disciplined leverage profile, consistent capital rotation into higher-returning residential investments, and continued focus on scaling profitability at Arc Home produced EAD of $0.26 for the first quarter, more than covering our recently increased 24c dividend" said T.J. Durkin, CEO and President. "Notably, we have been able to raise our common dividend in four of the last six quarters and believe we are well-positioned to drive increased earnings power as we progress through 2026."
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MITT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MITT
Wall Street analysts forecast MITT stock price to rise
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 7.630
Low
8.00
Averages
8.08
High
8.25
Current: 7.630
Low
8.00
Averages
8.08
High
8.25
About MITT
AG Mortgage Investment Trust, Inc. is a residential mortgage real estate investment trust (REIT) with a focus on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the United States mortgage market. The Company focuses its investment activities primarily on acquiring and securitizing newly originated residential mortgage loans within the non-agency segment of the housing market. The Company obtains its assets through Arc Home, LLC, its residential mortgage loan originator, and through other third-party origination partners. Its investment portfolio (which excludes its ownership in Arc Home) includes residential investments and agency residential mortgage-backed securities (RMBS). Its residential investments primarily consist of newly originated non-agency loans, agency-eligible loans and home equity loans. It also invests in other types of residential mortgage loans. The Company is externally managed and advised by AG REIT Management, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TPG Mortgage Investment Trust Q1 2026 Earnings Report
- Earnings Performance: TPG Mortgage Investment Trust reported a non-GAAP EPS of $0.26 for Q1 2026, indicating stability amid economic fluctuations, although the overall economic return on equity was -2.6%, which may affect investor confidence.
- Book Value Increase: As of March 31, 2026, the company's book value per share stood at $9.97, reflecting a healthy balance sheet that could support future capital operations and strategic initiatives.
- Dividend Growth: The company declared a quarterly dividend of $0.24 per share for Q1 2026, representing a 4.3% increase from the $0.23 dividend in Q4 2025, which not only demonstrates a commitment to shareholder returns but may also attract more long-term investors.
- Market Rating Update: TPG Mortgage Investment Trust's stock is currently rated as a
See More
TPG Mortgage Investment Trust Reports Q1 Financial Results
- Strong Financial Performance: Despite a challenging macroeconomic backdrop, TPG Mortgage Investment Trust reported an Earnings Available for Distribution (EAD) of $0.26 per share for Q1 2026, exceeding the $0.24 dividend, indicating effective strategies in capital rotation and profitability enhancement.
- Consistent Dividend Growth: The company has raised its common dividend in four of the last six quarters, with the latest dividend of $0.24 representing a 4.3% increase over the $0.23 dividend from Q4 2025, reflecting confidence in future earnings potential.
- Investment Portfolio Expansion: As of March 31, 2026, TPG's investment portfolio reached $8.1 billion, demonstrating ongoing growth in residential investments and enhancing its competitive position in the market.
- Stable Leverage Ratios: The company reported a GAAP leverage ratio of 14.1x and an economic leverage ratio of 1.7x, indicating robust risk management and capital structure, which will support future investments and growth.
See More
AG Mortgage Investment Trust Q1 Earnings Preview
- Earnings Announcement: AG Mortgage Investment Trust (MITT) is set to release its Q1 2023 earnings on April 29 before market open, with consensus EPS estimate at $0.25, reflecting a 25% year-over-year increase.
- Historical Performance: Over the past two years, MITT has beaten EPS estimates 50% of the time, while only achieving a 13% success rate for revenue estimates, indicating significant performance volatility.
- Estimate Revision Trends: In the last three months, EPS estimates have seen one upward revision and two downward adjustments, while revenue estimates experienced no upward revisions and four downward changes, suggesting market caution regarding future performance.
- Dividend Increase Indicator: The trust has raised its quarterly dividend by 4.3% to $0.24 per share, signaling a $35 million capital rotation target, which is expected to drive growth outlook for 2026.
See More
TPG Mortgage Investment Trust Stock Performance
- Stock Performance Comparison: TPG Mortgage Investment Trust's 8.00% Series B Cumulative Redeemable Preferred Stock (Symbol: MITT.PRB) rose approximately 0.5% on Friday, contrasting with a 3.1% decline in common shares (Symbol: MITT), indicating the preferred stock's relative stability amid market fluctuations.
- Dividend History Review: The historical dividend payments of MITT.PRB highlight its appeal as a preferred stock, providing investors with a reliable income stream, particularly during times of market uncertainty.
- Market Reaction Analysis: The increase in preferred shares against the backdrop of declining common shares may reflect a reassessment of risk by investors, with the preferred stock's performance potentially attracting those seeking stable returns.
- Investor Sentiment Shift: Despite the poor performance of common shares, the rise in preferred stock may suggest that confidence in TPG Mortgage Investment Trust remains, especially in the context of economic volatility, which could further enhance the attractiveness of preferred shares.
See More
REIT Sector Faces Challenges and Opportunities Amidst Market Volatility
- Mortgage Rate Volatility: The recent rise in 30-year fixed mortgage rates to the mid-6% range has pushed potential homebuyers to the sidelines, leading to a decline in mortgage originations and refinancing activities, which adds pressure on earnings and impacts overall market performance.
- Dividend Reduction Trend: Due to volatility in the mortgage markets and high interest rates, firms are compelled to cut dividends to maintain earnings levels, which may result in capital outflows and further erode book values, increasing financial challenges for companies.
- Conservative Investment Strategy: In response to market uncertainty, mREIT industry players are adopting a more conservative investment approach, focusing on higher-quality assets to enhance portfolio stability and resilience, thereby laying a foundation for long-term returns.
- Bleak Industry Outlook: The Zacks REIT and Equity Trust industry ranks 205, placing it in the bottom 16% of 244 industries, indicating a poor earnings outlook and a gradual loss of analyst confidence in the sector's growth potential.
See More
TPG Mortgage Trust Declares Quarterly Dividend Increase
- Dividend Increase: TPG Mortgage Investment Trust announced a quarterly dividend of $0.24 per common share for Q1 2026, representing a 4.3% increase from the previous quarter's $0.23, indicating improved profitability.
- Shareholder Returns: The dividend will be payable on April 30, 2026, to shareholders of record as of March 31, 2026, demonstrating the company's commitment to delivering long-term value and enhancing investor confidence.
- Management Outlook: CEO TJ Durkin noted that the dividend increase aligns with the company's growing earnings power at Arc Home, reflecting TPG's ongoing focus on capital rotation and growth initiatives.
- Market Positioning: TPG Mortgage Investment Trust specializes in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market, externally managed by AG REIT Management, an affiliate of TPG Inc., showcasing its solid industry position.
See More
TPG Mortgage Investment Trust Q1 2026 Earnings Report
- Earnings Performance: TPG Mortgage Investment Trust reported a non-GAAP EPS of $0.26 for Q1 2026, indicating stability amid economic fluctuations, although the overall economic return on equity was -2.6%, which may affect investor confidence.
- Book Value Increase: As of March 31, 2026, the company's book value per share stood at $9.97, reflecting a healthy balance sheet that could support future capital operations and strategic initiatives.
- Dividend Growth: The company declared a quarterly dividend of $0.24 per share for Q1 2026, representing a 4.3% increase from the $0.23 dividend in Q4 2025, which not only demonstrates a commitment to shareholder returns but may also attract more long-term investors.
- Market Rating Update: TPG Mortgage Investment Trust's stock is currently rated as a
See More
TPG Mortgage Investment Trust Reports Q1 Financial Results
- Strong Financial Performance: Despite a challenging macroeconomic backdrop, TPG Mortgage Investment Trust reported an Earnings Available for Distribution (EAD) of $0.26 per share for Q1 2026, exceeding the $0.24 dividend, indicating effective strategies in capital rotation and profitability enhancement.
- Consistent Dividend Growth: The company has raised its common dividend in four of the last six quarters, with the latest dividend of $0.24 representing a 4.3% increase over the $0.23 dividend from Q4 2025, reflecting confidence in future earnings potential.
- Investment Portfolio Expansion: As of March 31, 2026, TPG's investment portfolio reached $8.1 billion, demonstrating ongoing growth in residential investments and enhancing its competitive position in the market.
- Stable Leverage Ratios: The company reported a GAAP leverage ratio of 14.1x and an economic leverage ratio of 1.7x, indicating robust risk management and capital structure, which will support future investments and growth.
See More
AG Mortgage Investment Trust Q1 Earnings Preview
- Earnings Announcement: AG Mortgage Investment Trust (MITT) is set to release its Q1 2023 earnings on April 29 before market open, with consensus EPS estimate at $0.25, reflecting a 25% year-over-year increase.
- Historical Performance: Over the past two years, MITT has beaten EPS estimates 50% of the time, while only achieving a 13% success rate for revenue estimates, indicating significant performance volatility.
- Estimate Revision Trends: In the last three months, EPS estimates have seen one upward revision and two downward adjustments, while revenue estimates experienced no upward revisions and four downward changes, suggesting market caution regarding future performance.
- Dividend Increase Indicator: The trust has raised its quarterly dividend by 4.3% to $0.24 per share, signaling a $35 million capital rotation target, which is expected to drive growth outlook for 2026.
See More
TPG Mortgage Investment Trust Stock Performance
- Stock Performance Comparison: TPG Mortgage Investment Trust's 8.00% Series B Cumulative Redeemable Preferred Stock (Symbol: MITT.PRB) rose approximately 0.5% on Friday, contrasting with a 3.1% decline in common shares (Symbol: MITT), indicating the preferred stock's relative stability amid market fluctuations.
- Dividend History Review: The historical dividend payments of MITT.PRB highlight its appeal as a preferred stock, providing investors with a reliable income stream, particularly during times of market uncertainty.
- Market Reaction Analysis: The increase in preferred shares against the backdrop of declining common shares may reflect a reassessment of risk by investors, with the preferred stock's performance potentially attracting those seeking stable returns.
- Investor Sentiment Shift: Despite the poor performance of common shares, the rise in preferred stock may suggest that confidence in TPG Mortgage Investment Trust remains, especially in the context of economic volatility, which could further enhance the attractiveness of preferred shares.
See More
REIT Sector Faces Challenges and Opportunities Amidst Market Volatility
- Mortgage Rate Volatility: The recent rise in 30-year fixed mortgage rates to the mid-6% range has pushed potential homebuyers to the sidelines, leading to a decline in mortgage originations and refinancing activities, which adds pressure on earnings and impacts overall market performance.
- Dividend Reduction Trend: Due to volatility in the mortgage markets and high interest rates, firms are compelled to cut dividends to maintain earnings levels, which may result in capital outflows and further erode book values, increasing financial challenges for companies.
- Conservative Investment Strategy: In response to market uncertainty, mREIT industry players are adopting a more conservative investment approach, focusing on higher-quality assets to enhance portfolio stability and resilience, thereby laying a foundation for long-term returns.
- Bleak Industry Outlook: The Zacks REIT and Equity Trust industry ranks 205, placing it in the bottom 16% of 244 industries, indicating a poor earnings outlook and a gradual loss of analyst confidence in the sector's growth potential.
See More
TPG Mortgage Trust Declares Quarterly Dividend Increase
- Dividend Increase: TPG Mortgage Investment Trust announced a quarterly dividend of $0.24 per common share for Q1 2026, representing a 4.3% increase from the previous quarter's $0.23, indicating improved profitability.
- Shareholder Returns: The dividend will be payable on April 30, 2026, to shareholders of record as of March 31, 2026, demonstrating the company's commitment to delivering long-term value and enhancing investor confidence.
- Management Outlook: CEO TJ Durkin noted that the dividend increase aligns with the company's growing earnings power at Arc Home, reflecting TPG's ongoing focus on capital rotation and growth initiatives.
- Market Positioning: TPG Mortgage Investment Trust specializes in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market, externally managed by AG REIT Management, an affiliate of TPG Inc., showcasing its solid industry position.
See More
