TPG抵押贷款投资基金公司2026年季度报告

Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 and Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller Large Accelerated filerAccelerated filerNon-Accelerated filerSmaller reporting company☒Emerging growthcompany☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No As of April29, 2026, there were 31,803,475 outstanding shares of common stock of TPG Mortgage Investment Trust, Inc. PART I TPG Mortgage Investment Trust, Inc. and SubsidiariesConsolidated Statements of Stockholders’ Equity (Unaudited) TPG Mortgage Investment Trust, Inc. and SubsidiariesConsolidated Statements of Cash Flows (Unaudited)(in thousands) The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets thatsum to the total of the same such amounts shown in the consolidated statements of cash flows: TPG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)March 31, 2026 1. Organization TPG Mortgage Investment Trust, Inc. (the "Company" or "MITT") is a residential mortgage REIT with a focus on investing in adiversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. The Company’s investmentactivities primarily include acquiring and securitizing newly-originated residential mortgage loans within the non-agency segment ofthe housing market. The Company obtains its residential mortgage loans through Arc Home, LLC ("Arc Home"), a residential The Company’s assets, excluding its ownership in Arc Home, include Residential Investments, Agency RMBS and Legacy WMCCommercial Investments. Currently, its Residential Investments primarily consist of Non-Agency Loans, Agency-Eligible Loans,Home Equity Loans, and Non-Agency RMBS collateralized by these loan types. The Company may invest in other types of residential TPG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)March 31, 2026 (2)These investments are included in the "Real estate securities, at fair value" line item on the consolidated balance sheets.(3)These investments include commercial loans and CMBS (collectively, the "Legacy WMC Commercial Investments") that were acquired in connection with the acquisition of Western Asset Mortgage Capital Corporation (“WMC”) on December 6,2023. The Company expects to either hold the Legacy WMC Commercial Investments until maturity or opportunistically exit The Company conducts its business through two reportable segments: (i) Loans and Securities and (ii) Arc Home. This reflects howthe Company manages its business and analyzes and reports its results of operations. Refer to Note 13 for additional details on The Company was incorporated in the state of Maryland on March 1, 2011 and commenced operations in July 2011. The Companyconducts its operations to qualify and be taxed as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, asamended (the "Code"). The Company is externally managed by AG REIT Management, LLC, a Delaware limited liability company(the "Manager"), a wholly-owned subsidiary of TPG Inc. ("TPG"). The Manager has delegated to Angelo, Gordon & Co., L.P. ("TPG The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and certain variableinterest entities. All intercompany balances and transactions have been eliminated in consolidation. 2. Summary of significant accounting policies Consolidation and basis of presentation The accompanying unaudited consolidated financial statements and related notes have been prepared on the accrual basis ofaccounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interimfinancial reporting and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. In the opinion of management, all adjustments Significant accounting policies There have been no significant changes to the C