Seeking Alpha
21 Jun 2026, 15:34 UTC · 19w ago
TPG Mortgage Investment Trust: A Covered 12% Yield, But Still A Mortgage REIT
Impact · against what's priced in
MITT is a speculative buy characterized by a high dividend yield and a significant discount to book value. While the shift toward higher-returning non-agency loans is positive, the narrow dividend cushion represented by a 96.74% payout ratio presents a meaningful risk to the stock's price stability.
- MITT+0.20
No priced-in read yet
- In context
The stock trades at a 20% discount to book value and offers a 12% yield, though a payout ratio of 96.74% leaves little room for error regarding dividend sustainability.
Read from the article alone
Search tags
