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Complete financial analysis of AG Mortgage Investment Trust, Inc. (MITT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AG Mortgage Investment Trust, Inc., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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AG Mortgage Investment Trust, Inc. (MITT)
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio comprises residential investments, including non-qualifying mortgages loans, government-sponsored entity non-owner occupied loans, re/non-performing loans, land related financing, and agency residential mortgage-backed securities; and commercial investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2011 and is based in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 47.83M | 218.00K | 99.80M | -390.36M | 119.04M | 16.70M | 128.54M | 84.08M | 34.41M | 129.67M | -7.53M | 148.94M | 0.00 |
| Cost of Revenue | 17.52M | 17.29M | 13.36M | 404.87M | 18.64M | 14.92M | 10.97M | 10.29M | 12.36M | 11.87M | 10.84M | 5.44M | 0.00 |
| Gross Profit | 30.31M | -17.08M | 86.44M | -795.22M | 100.40M | 1.78M | 117.57M | 73.79M | 22.06M | 117.79M | -18.38M | 143.50M | 0.00 |
| Gross Profit Ratio | 63.37% | -7,833.03% | 86.62% | 203.72% | 84.34% | 10.63% | 91.47% | 87.76% | 64.09% | 90.84% | 243.98% | 96.35% | 0.00% |
| Research & Development | 0.00 | -0.17 | 1.07 | 2.32 | 0.61 | -0.09 | 0.92 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.83M | 8.10M | 6.81M | 9.09M | 10.17M | 9.78M | 10.14M | 10.11M | 10.14M | 10.38M | 10.94M | 6.81M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.83M | 8.10M | 6.81M | 9.09M | 10.17M | 9.78M | 10.14M | 10.11M | 10.14M | 10.38M | 10.94M | 6.81M | 1.51M |
| Other Expenses | 0.00 | 43.06M | -2.42M | -39.65M | -36.29M | 47.48M | 34.57M | 13.57M | 12.86M | 7.64M | 12.33M | -365.17K | 1.67M |
| Operating Expenses | 8.63M | 43.06M | 4.39M | -30.56M | -26.12M | 58.82M | 44.71M | 23.68M | 22.99M | 18.02M | 23.27M | 6.45M | 3.19M |
| Cost & Expenses | 26.15M | 43.06M | 4.39M | -30.56M | -26.12M | 58.82M | 10.97M | 10.29M | 12.36M | 11.87M | 23.27M | 5.44M | 3.19M |
| Interest Income | 260.33M | 180.30M | 70.66M | 74.53M | 171.66M | 156.48M | 128.84M | 123.01M | 141.27M | 141.57M | 151.00M | 96.38M | 1.70M |
| Interest Expense | 212.50M | 118.92M | 27.25M | 36.95M | 90.11M | 72.06M | 43.72M | 33.79M | 31.23M | 26.50M | 25.55M | 15.01M | 1.70M |
| Depreciation & Amortization | 211.05M | 164.22M | -39.34M | 193.08M | 37.55M | 131.58M | 1.22M | 44.82M | -11.92M | -107.41M | 151.00M | -136.68M | 23.85M |
| EBITDA | 248.56M | 52.94M | 0.00 | 0.00 | 97.34M | 0.00 | 113.54M | 79.36M | 6.60M | 0.00 | 127.73M | 0.00 | 20.67M |
| EBITDA Ratio | 519.68% | 24,283.03% | 104.40% | 107.83% | 78.06% | 454.92% | 126.25% | 115.93% | 130.91% | 104.74% | -1,695.84% | 100.68% | 0.00% |
| Operating Income | 37.51M | 47.47M | 104.19M | -420.92M | 92.92M | 73.63M | 162.28M | 97.47M | 45.05M | 135.81M | -23.27M | 149.95M | -3.19M |
| Operating Income Ratio | 78.43% | 21,777.06% | 104.40% | 107.83% | 78.06% | 440.93% | 126.25% | 115.93% | 130.91% | 104.74% | 308.93% | 100.68% | 0.00% |
| Total Other Income/Expenses | 17.66M | -25.67M | -31.89M | -26.75M | -45.13M | -12.09M | 48.74M | -1.51M | -1.50M | -1.78M | -7.53M | -1.75M | 5.10M |
| Income Before Tax | 55.17M | -42.84M | 72.30M | -419.96M | 89.69M | -14.03M | 105.94M | 62.16M | 10.42M | 105.63M | -30.80M | 134.94M | 1.92M |
| Income Before Tax Ratio | 115.36% | -19,652.29% | 72.44% | 107.58% | 75.35% | -83.99% | 82.42% | 73.94% | 30.28% | 81.46% | 408.93% | 90.60% | 0.00% |
| Income Tax Expense | 0.00 | 118.92M | -31.89M | 963.00K | -3.23M | -15.59M | -12.62M | -1.52M | -3.40M | -79.91K | 3.04M | 1.75M | -17.05M |
| Net Income | 53.78M | -161.76M | 104.19M | -420.92M | 92.92M | 1.57M | 118.56M | 63.68M | 13.82M | 109.40M | -31.58M | 134.94M | 18.97M |
| Net Income Ratio | 112.45% | -74,201.83% | 104.40% | 107.83% | 78.06% | 9.39% | 92.24% | 75.74% | 40.16% | 84.37% | 419.26% | 90.60% | 0.00% |
| EPS | 1.68 | -7.07 | 5.26 | -35.88 | 7.16 | 0.17 | 11.31 | 5.40 | 0.03 | 10.14 | -3.39 | 21.60 | 9.59 |
| EPS Diluted | 1.68 | -7.07 | 5.26 | -35.88 | 7.15 | 0.17 | 11.31 | 5.40 | 0.03 | 10.11 | -3.38 | 21.54 | 9.59 |
| Weighted Avg Shares Out | 21.10M | 22.89M | 16.23M | 11.73M | 10.73M | 9.46M | 9.29M | 9.32M | 9.47M | 9.46M | 9.33M | 6.06M | 1.98M |
| Weighted Avg Shares Out (Dil) | 21.10M | 22.89M | 16.23M | 11.73M | 10.73M | 9.46M | 9.29M | 9.32M | 9.47M | 9.47M | 9.34M | 6.08M | 1.98M |
AG Mortgage Investment Trust, Inc. (MITT) Q3 2024 Earnings Call Transcript
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...
AG Mortgage Investment Trust: Stocks Selling Off As Rates Move Wildly
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...
AG Mortgage Investment Trust (MITT) Misses Q3 Earnings and Revenue Estimates
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, Inc. Reports Third Quarter 2024 Results
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...
AG Mortgage Investment Trust (MITT) to Report Q3 Results: Wall Street Expects Earnings Growth
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, Inc. (MITT) Q2 2024 Earnings Call Transcript
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...
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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...
AG Mortgage Investment Trust Now Offers Investors 2 Notes Maturing In 2029
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...
Preferreds Weekly Review: Lots Of Moving Parts In CIM
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%...
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Category: Stock Reports