AG Mortgage Investment Trust

AG Mortgage Investment Trust, Inc. is a real estate investment trust, which focuses on investing, acquiring, and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. The firm conducts its business through the following segments: Securities and Loans and Single-Family Rental Properties. Its portfolios include Agency RMBS, Residential Investments, Commercial Investments, and ABS. The company was founded on March 1, 2011 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MITT shows resilience in challenging market, eyes strategic opportunities

MITT navigated challenging market conditions with a disciplined approach and strong financial position.
The company demonstrated resilience through the recovery in book value and securitization activities.
Management highlighted long-term earnings focus, potential strategic opportunities, and strong liquidity levels.
Analysts' inquiries on liquidity, leverage, and capital deployment underscored areas of focus for MITT.

AG Mortgage Investment Trust (MITT) reports growth and resilience in Q1 2023

AG Mortgage Investment Trust (MITT) demonstrated solid financial performance and strategic decision-making in Q1 2023.
The company's focus on increasing book value, share repurchases, and market opportunities positions it for growth.
While challenges like financing conditions persist, MITT's proactive approach and strong fundamentals offer resilience and growth potential.

MITT reports solid Q2 performance amidst market challenges and opportunities

MITT's Q2 performance showcased resilience and strategic initiatives amidst market challenges.
Strong demand for residential whole loan exposure and focus on optimizing the loan portfolio were key highlights.
While facing challenges, MITT's financial strength and stability position it well for future opportunities.
Strategic actions to manage risks and capitalize on growth avenues underscore MITT's proactive approach.

AG Mortgage Investment Trust reports resilient Q3 performance and growth opportunities

AG Mortgage Investment Trust's Q3 performance reflects resilience and strategic advancements.
The company's strengths in book value stability and prudent underwriting enhance investor confidence.
Challenges such as managing loan profiles and merger expenses require careful navigation.
Opportunities in new investments, dividend growth, and strategic mergers pave the way for future success.

MITT excels post-WMC acquisition, eyes housing sector for growth

AG Mortgage Investment Trust (MITT) delivered a solid performance in Q4 2023, driven by the successful WMC acquisition, resulting in improved financial metrics and increased market cap. While facing challenges in integration and optimization, MITT remains well-positioned to leverage opportunities in the housing sector and enhance profitability through strategic initiatives.

AG Mortgage Investment Trust (MITT) excels in Q1 post-merger performance

AG Mortgage Investment Trust (MITT) delivered a robust Q1 performance post-merger, showcasing strengths in financial metrics and portfolio management. While facing challenges in EAD sustainability and market dynamics, MITT is poised to capitalize on opportunities through strategic growth initiatives and capital optimization.

MITT reports strong Q2 earnings, plans to rotate out Agency RMBS

MITT's Q2 earnings call highlighted strong financial performance, strategic initiatives to manage risk, and opportunities for growth. Management plans to rotate out of Agency RMBS post-convertible note maturity and focus on securitization opportunities. Analysts raised concerns about book value risk and prepayment speeds, indicating potential challenges ahead.

MITT reports robust Q3 results, eyes home equity opportunities

MITT's Q3 performance reflects financial strength and stability, marked by growth in book value, earnings, and liquidity.
Strategic investments in securitizations, home equity loans, and Arc Home profitability position MITT for sustained growth.
Challenges in prepayment impacts and market dynamics require careful navigation, while opportunities in capital deployment and revenue diversification are key focus areas.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President and Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Bose George - KBW Brad Capuzzi - Piper Sandler Doug Harter - UBS Jason Weaver - Jones Trading Trevor Cranston - Citizens JMP Eric Hagen - BTIG Operator Good day, and thank you for standing by.

AG Mortgage Investment Trust, Inc. (MITT) Q3 2024 Earnings Call Transcript

AG Mortgage Investment Trust, Inc. reported $0.40 net income per share, but earnings available for distribution ($0.17) did not fully cover the $0.19 dividend. Despite volatile interest rates, MITT delivered a strong quarter with a 3.9% economic return on equity and a net interest rate spread of 0.6%. The stock trades at a significant discount-to-book value, presenting a potential investment opportunity with a price target of $8.

AG Mortgage Investment Trust: Stocks Selling Off As Rates Move Wildly

AG Mortgage Investment Trust (MITT) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.10 per share a year ago.

AG Mortgage Investment Trust (MITT) Misses Q3 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended September 30, 2024. MANAGEMENT REMARKS “MITT delivered yet another strong quarter as we continue to execute the core business strategy of originating and securitizing residential whole loans, with MITT generating an economic return on equity of 3.9% for the quarter,” said T.J. Durkin, Chief Executive Officer and President. “Wit.

AG Mortgage Investment Trust, Inc. Reports Third Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release third quarter 2024 financial results prior to market open on Tuesday, November 5, 2024. The Company will host a conference call to discuss the results on Tuesday, November 5, 2024, at 8:00 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 579-2543 at least five minutes prior to the start time. International callers should dial (785) 424-1789.

AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

AG Mortgage Investment Trust (MITT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

AG Mortgage Investment Trust (MITT) to Report Q3 Results: Wall Street Expects Earnings Growth

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that its Board of Directors has declared a dividend of $0.19 per common share for the third quarter 2024. The dividend is payable on October 31, 2024 to shareholders of record at the close of business on September 30, 2024. About AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. is a residential mortgage REIT with a focus on investing in a diversified risk-adjusted port.

AG Mortgage Investment Trust, Inc. Announces Third Quarter 2024 Common Dividend of $0.19 per Share

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Corporate Participants Jenny Neslin - General Counsel T.J. Durkin - President and Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Doug Harter - UBS Bose George - KBW Trevor Cranston - Citizens JMP Brad Capuzzi - Piper Sandler Eric Hagen - BTIG Operator Good day and thank you for standing by.

AG Mortgage Investment Trust, Inc. (MITT) Q2 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended June 30, 2024. SECOND QUARTER 2024 FINANCIAL HIGHLIGHTS $10.63 Book Value per share as of June 30, 2024 compared to $10.84 as of March 31, 2024(1) $10.37 Adjusted Book Value per share as of June 30, 2024 compared to $10.58 as of March 31, 2024(1) Decrease of (2.0)% from March 31, 2024 Quarterly economic return on equity of (0.2.

AG Mortgage Investment Trust, Inc. Reports Second Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release second quarter 2024 financial results prior to market open on Friday, August 2, 2024. The Company will host a conference call to discuss the results on Friday, August 2, 2024, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (800) 445-7795 at least five minutes prior to the start time. International callers should dial (203) 518-9848. The.

AG Mortgage Investment Trust, Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

Ares Commercial Real Estate

AGNC Investment

Ares Capital

ARMOUR Residential REIT

Blackstone Mortgage Trust

Chimera Investment

Dynex Capital

Gladstone Investment

Golub Capital BDC

Granite Point Mortgage Trust

Main Street Capital

MFA Financial

MidCap Financial Investment Corp

VanEck Mortgage REIT Income ETF

Annaly Capital

New York Mortgage Trust

Blue Owl Capital Corp

Orchid Island Capital

PennyMac Mortgage Investment

Ready Capital Corp

Rithm Capital Corp

After a terrible start to the year, mortgage REITs are hot in July. Don't tell ORC. They missed most of the rally. If only it was an opportunity to destroy book value. They're so good at that. Quick commentary on MAIN.

Mortgage REITs Surging

AG Mortgage Investment Trust is a mREIT with a focus on non-agency mortgage loans. The preferred dividends have been well covered by net income both in Q1 2024 and over the past year. Coverage by market capitalization is less robust if you take preferred shares at par value, but sufficient if you account for the discount the three preferred issues trade at.

AG Mortgage: Double-Digit Yield From Fixed-Rate Preferred Shares With Reasonable Risk

AG Mortgage Investment Trust issued two 9.500% Senior Notes due in 2029 with Call protection into 2026. After a brief review of the Issuer, both bonds are reviewed and compared. The low coverage ratio is a concern, at least to my conservative investing nature. Both Notes get a Hold rating. For investors willing to accept more risk, MITT also has three preferred stocks to pick from, two yielding over 10%.

AG Mortgage Investment Trust Now Offers Investors 2 Notes Maturing In 2029

We take a look at the action in preferreds and baby bonds through the first week of June and highlight some of the key themes we are watching. Most preferred sectors rallied alongside Treasuries, with sector yields just under 7% on a yield-to-worst basis. Mortgage REIT Chimera issued a new bond, now trading at an 8.7% yield-to-worst. We discuss it in the context of its preferreds.

Preferreds Weekly Review: Lots Of Moving Parts In CIM

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that its Board of Directors has declared a dividend of $0.19 per common share for the second quarter 2024, representing a 5.6% increase over the prior quarter dividend of $0.18 per common share. The dividend is payable on July 31, 2024 to shareholders of record at the close of business on June 28, 2024. “We believe in steadily increasing our dividend to align with our long-term earnings gr.

AG Mortgage Investment Trust, Inc. Increases Quarterly Common Dividend 5.6% to $0.19 per Share

Citizens Financial Group

M&T Bank

M&T Bank, Citizens Financial Group, AG Mortgage Investment Trust, Chimera Investment Corporation, and Southern California Edison priced new offerings of preferred stock and senior notes. The new shares and notes were rated by various credit rating agencies and traded temporarily on the OTC before moving to permanent symbols on the NYSE. Investors can purchase newly introduced preferred stock shares at wholesale prices on the OTC, potentially avoiding capital losses if prices drop.

New Preferred Stock And Exchange Traded Debt IPOs, May 2024

We take a look at the action in preferreds and baby bonds through the fourth week of May and highlight some of the key themes we are watching. Preferreds were mostly down on the week, however, remain largely in the green month-to-date. Recent senior security issuance has been steady for a number of reasons.

Preferreds Weekly Review: Tight Spreads Make For A Compelling Issuance Environment

American Healthcare REIT Inc

AvalonBay Communities

JPMorgan BetaBuilders MSCI US REIT ETF

Blackstone Group

Chatham Lodging Trust

iShares CMBS ETF

Camden Property

CTO Realty Growth

Easterly Government Properties

Douglas Emmett

Diversified Healthcare Trust

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Ellington Financial

Equity Residential

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Franklin Street Properties Corp.

Host Hotels & Resorts

iShares Cohen & Steers REIT ETF

Industrial Logistics Properties

InvenTrust Properties Corp

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

iShares MBS ETF

Medical Properties Trust

Neuberger Berman Real Estate Securities Income Fund Inc

Office Properties Income Trust

Alpine Income Property Trust

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

ProShares Short Real Estate

Rexford Industrial Realty

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Seven Hills Realty Trust

ProShares UltraShort Real Estate

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

Strawberry Fields REIT Ltd

ProShares Ultra Real Estate

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Virtus Real Asset Income ETF

Real Estate Select Sector SPDR Fund

U.S. equity and bond markets staged a late-week rebound, erasing early-week declines prompted by disappointing Eurozone inflation data, after the crucial PCE inflation gauge posted its smallest increase of 2024. Posting a second week of modest declines following four-straight weekly gains, the S&P 500 finished lower by 0.4% on the week, but still notched its best month since February. Real estate equities also rebounded following steep declines in the prior week as a handful of REITs provided positive business updates ahead of the annual REITweek industry conference.

Eyes On The ECB

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company” or “MITT”) announced today that, as part of the 36th annual reconstitution of the Russell stock indexes, MITT is expected to be included in the Russell 3000® Index effective at the open of U.S. equity markets on July 1, 2024. A preliminary list of index additions, including MITT, was posted by FTSE Russell on May 24, 2024. “We are pleased to be included in the Russell 3000® Index, one of the most widely ci.

AG Mortgage Investment Trust, Inc. Set to Join the Russell 3000® Index

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it has closed its previously announced underwritten public offering of $65 million aggregate principal amount of its 9.500% senior notes due 2029 (the “Notes”). The Company has applied to list the Notes on the New York Stock Exchange under the symbol “MITP” and expects trading in the Notes on the New York Stock Exchange to begin on May 20, 2024. “We are extremely pleased to complete t.

AG Mortgage Investment Trust, Inc. Announces Closing of Public Offering of $65 Million Senior Notes

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it has priced an underwritten public offering of $65 million aggregate principal amount of its 9.500% senior notes due 2029 (the “Notes”). The offering is expected to close on May 15, 2024, subject to the satisfaction of customary closing conditions. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol “MITP” and, if the application is approve.

AG Mortgage Investment Trust, Inc. Announces Pricing of Public Offering of Senior Notes

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - Chief Executive Officer & President Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Doug Harter - UBS Jason Weaver - JonesTrading Bose George - KBW Eric Hagen - BTIG Operator Good day and thank you for standing by.

AG Mortgage Investment Trust, Inc. (MITT) Q1 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended March 31, 2024. FIRST QUARTER 2024 FINANCIAL HIGHLIGHTS $10.84 Book Value per share as of March 31, 2024 compared to $10.46 as of December 31, 2023(1) $10.58 Adjusted Book Value per share as of March 31, 2024 compared to $10.20 as of December 31, 2023(1) Increase of 3.7% from December 31, 2023 Quarterly economic return on equit.

AG Mortgage Investment Trust, Inc. Reports First Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release first quarter 2024 financial results prior to market open on Friday, May 3, 2024. The Company will host a conference call to discuss the results on Friday, May 3, 2024, at 8:30 a.m. Eastern Time. To participate in the call by telephone, please dial (888) 632-3384 at least five minutes prior to the start time. International callers should dial (785) 424-1794. The Confer.

AG Mortgage Investment Trust, Inc. Schedules First Quarter 2024 Earnings Release and Conference Call

Cherry Hill Mortgage

Most of these shares are either floating today or will float within a year. We're also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We're also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.

10% Yields Or Higher

News for AG Mortgage Investment Trust Stock (MITT)