TPG Mortgage Investment Trust, Inc. Earnings Per Share Disclosure
| Years Ended | |||||||||||
December 31, 2025 | December 31, 2024 | ||||||||||
| Numerator: | |||||||||||
| Net Income/(Loss) | $ | 48,668 | $ | 55,737 | |||||||
| Dividends on preferred stock | 21,242 | 19,353 | |||||||||
| Net Income/(Loss) Available to Common Stockholders | $ | 27,426 | $ | 36,384 | |||||||
| Denominator: | |||||||||||
| Basic weighted average common shares outstanding | 30,542 | 29,487 | |||||||||
| Dilutive effect of restricted stock units | 20 | 27 | |||||||||
| Diluted weighted average common shares outstanding | 30,562 | 29,514 | |||||||||
| Earnings/(Loss) Per Share | |||||||||||
| Basic | $ | 0.90 | $ | 1.23 | |||||||
| Diluted | $ | 0.90 | $ | 1.23 | |||||||
Year Ended December 31, 2025 | Year Ended December 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||
| Declaration Date | Record Date | Payment Date | Cash Dividend Per Share | Declaration Date | Record Date | Payment Date | Cash Dividend Per Share | |||||||||||||||||||||||||||||||||||||
| 3/17/2025 | 3/31/2025 | 4/30/2025 | $ | 0.20 | 3/15/2024 | 3/29/2024 | 4/30/2024 | $ | 0.18 | |||||||||||||||||||||||||||||||||||
| 6/17/2025 | 6/30/2025 | 7/31/2025 | 0.21 | 6/13/2024 | 6/28/2024 | 7/31/2024 | 0.19 | |||||||||||||||||||||||||||||||||||||
| 9/15/2025 | 9/30/2025 | 10/31/2025 | 0.21 | 9/16/2024 | 9/30/2024 | 10/31/2024 | 0.19 | |||||||||||||||||||||||||||||||||||||
| 12/15/2025 | 12/31/2025 | 1/30/2026 | 0.23 | 12/16/2024 | 12/31/2024 | 1/31/2025 | 0.19 | |||||||||||||||||||||||||||||||||||||
| Total | $ | 0.85 | Total | $ | 0.75 | |||||||||||||||||||||||||||||||||||||||
| 2025 | Cash Dividend Per Share | |||||||||||||||||||||||||||||||
| Declaration Date | Record Date | Payment Date | 8.25% Series A | 8.00% Series B | 8.000% Series C | |||||||||||||||||||||||||||
| 2/14/2025 | 2/28/2025 | 3/17/2025 | $ | 0.51563 | $ | 0.50 | $ | 0.693062 | ||||||||||||||||||||||||
| 5/5/2025 | 5/30/2025 | 6/17/2025 | 0.51563 | 0.50 | 0.704864 | |||||||||||||||||||||||||||
| 7/31/2025 | 8/29/2025 | 9/17/2025 | 0.51563 | 0.50 | 0.706042 | |||||||||||||||||||||||||||
| 11/3/2025 | 11/28/2025 | 12/17/2025 | 0.51563 | 0.50 | 0.680181 | |||||||||||||||||||||||||||
| Total | $ | 2.06252 | $ | 2.00 | $ | 2.784149 | ||||||||||||||||||||||||||
| 2024 | Cash Dividend Per Share | |||||||||||||||||||||||||||||||
| Declaration Date | Record Date | Payment Date | 8.25% Series A | 8.00% Series B | 8.000% Series C | |||||||||||||||||||||||||||
| 2/16/2024 | 2/29/2024 | 3/18/2024 | $ | 0.51563 | $ | 0.50 | $ | 0.50 | ||||||||||||||||||||||||
| 5/2/2024 | 5/31/2024 | 6/17/2024 | 0.51563 | 0.50 | 0.50 | |||||||||||||||||||||||||||
| 8/1/2024 | 8/30/2024 | 9/17/2024 | 0.51563 | 0.50 | 0.50 | |||||||||||||||||||||||||||
| 11/4/2024 | 11/29/2024 | 12/17/2024 | 0.51563 | 0.50 | 0.733117 | |||||||||||||||||||||||||||
| Total | $ | 2.06252 | $ | 2.00 | $ | 2.233117 | ||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Mar 4, 2025 | |
| 2023 | Mar 11, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 23, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 26, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.