TPG Mortgage Investment Trust Raises Quarterly Dividend 9.5% to $0.23
TPG Mortgage Investment Trust declared a fourth quarter dividend of $0.23 per common share, marking a 9.5% increase from the prior quarter's $0.21 payout. The mortgage REIT also announced preferred stock dividends payable in March.
TPG Mortgage Investment Trust, Inc. (NYSE: MITT) declared a fourth quarter 2025 dividend of $0.23 per common share on December 15, 2025. The payout represents a 9.5% increase from the third quarter dividend of $0.21 per share. Read more dividend announcements.
The increase continues a pattern of dividend growth throughout 2025. The company declared $0.85 in total dividends per common share during the year, a 13.3% increase over 2024's $0.75 per share.
Dividend Details
| Dividend Type | Amount per Share | Record Date | Ex-Dividend Date | Payment Date |
|---|---|---|---|---|
| Common Stock (Q4 2025) | $0.23 | Not disclosed | Not disclosed | Not disclosed |
Preferred Stock Dividends
On February 13, 2026, the company declared quarterly dividends on its three series of preferred stock. Series A shareholders will receive $0.51563 per share, Series B holders will get $0.50 per share, and Series C stockholders will receive $0.652391 per share. All three preferred dividends are payable March 17, 2026 to shareholders of record as of February 27, 2026.
Full Year Financial Performance
TPG Mortgage Investment Trust reported book value of $10.48 per share as of December 31, 2025. The company posted net income available to common stockholders of $0.90 per diluted share for the full year, with earnings available for distribution of $0.86 per diluted share.
For the fourth quarter alone, both net income and earnings available for distribution came in at $0.25 per diluted share. The quarterly economic return on equity measured 2.4%, while the full year figure reached 6.5%.
The mortgage REIT executed 10 securitizations during 2025 and reported a total shareholder return exceeding 42% when combining dividends and stock price appreciation.
Portfolio and Financing
The company's investment portfolio stood at $8.5 billion as of December 31, 2025, with financing totaling $8.1 billion. The financing structure consisted of $7.2 billion in non-recourse debt and $0.9 billion in recourse financing.
Net interest margin measured 0.7% for the quarter, including a 0.03% benefit from interest rate swaps. The GAAP leverage ratio stood at 14.4x, while the economic leverage ratio measured 1.6x. Total liquidity reached $108.7 million.
The company's investment in Arc Home, a residential mortgage originator, was valued at $50.0 million using a 1.025x book value multiple. On August 1, 2025, TPG Mortgage Investment Trust issued 2,027,676 restricted common shares to acquire an additional 21.4% interest in Arc Home from TPG-managed funds, increasing its ownership stake from 44.6% to 66.0%. Arc Home contributed $0.06 of earnings available for distribution per share to the parent company during 2025, with origination volumes rising 79% year-over-year.