TPG Mortgage Investment Trust Inc (MITT)
TPG Mortgage Investment Trust Inc operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in New York City, NY, US. The stock last traded at $6.70, down 0.45% on the session, giving a market capitalisation of $213.1M. On trailing twelve-month figures it carries a trailing P/E of 9.05, a net margin of 11.4%. Its beta of 1.70 implies it has historically moved more than the broad market.
TPG Mortgage Investment Trust Inc (MITT) operates as a U.S.-based real estate investment trust (REIT) primarily concentrated on residential mortgages. Its diverse portfolio includes various residential assets such as non-conforming mortgage loans, non-owner occupied loans backed by government-sponsored entities, both re-performing and non-performing loans, land development financing, and agency residential mortgage-backed securities. The company also maintains a portion of its investments in commercial properties. MITT is structured as a REIT for federal income tax purposes, which typically allows it to bypass federal corporate income taxes if it disperses at least 90% of its taxable earnings to its shareholders. The firm was established in 2011 and is headquartered in New York City.
TPG Mortgage Investment Trust Inc is most often compared with the following Real Estate names: