TPG Mortgage Investment Trust, operating as MITT, expects to close its acquisition of Cherry Hill Mortgage Investment Corporation in the fourth quarter of 2026, a deal projected to increase market capitalization by about 36% and create a roughly $750 million equity base. The combined company anticipates $7 million to $9 million in annual cost synergies, with the consideration mix expected to be about 30% cash and 70% stock. MITT reported second-quarter earnings available for distribution of $0.24 per share, fully covering its $0.24 dividend, and plans more than $1.25 billion of home equity securitizations in the third quarter. Management also expects to resolve three legacy commercial exposures by year-end, potentially unlocking about $30 million for reinvestment and improving annual EAD by approximately $0.20 per share through 2027.
Cherry Hill Mortgage Investment CorpMITT expects to acquire Cherry Hill, boosting equity base and synergies.
