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MITT

AG Mortgage Investment Trust, Inc.

MITT

AG Mortgage Investment Trust, Inc. • NYSE
$8.18 ▲ 0.37% (+0.03)
Market Cap $259.67 M
52w High $8.22
52w Low $5.63
Dividend Yield 0.81%
P/E 8.8
Volume 63.06K
Outstanding Shares 31.74M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $26.384M ▲ $26.384M ▲ $19.961M ▲ 75.656% ▲ $0.47 ▲ $0
Q2-2025 $11.937M ▼ $11.937M ▼ $3.945M ▼ 33.049% ▼ $-0.046 ▼ $0
Q1-2025 $17.293M ▼ $17.293M ▼ $11.477M ▼ 66.368% ▼ $0.21 ▼ $0
Q4-2024 $18.994M ▼ $18.994M ▼ $14.282M ▼ 75.192% ▲ $0.3 ▼ $0
Q3-2024 $23.007M $23.007M $16.64M 72.326% $0.4 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $59M ▼ $8.976B ▲ $8.416B ▲ $559.843M ▲
Q2-2025 $100.169M ▼ $7.462B ▲ $6.926B ▲ $536.407M ▼
Q1-2025 $115.549M ▼ $7.323B ▲ $6.779B ▲ $543.87M ▲
Q4-2024 $118.662M ▲ $6.914B ▼ $6.37B ▼ $543.423M ▲
Q3-2024 $102.532M $6.96B $6.42B $540.085M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $19.961M ▲ $17.379M ▲ $-1.47B ▼ $1.429B ▲ $-23.361M ▲ $17.379M ▲
Q2-2025 $3.945M ▼ $11.518M ▼ $-170.524M ▲ $129.958M ▼ $-29.048M ▼ $11.518M ▼
Q1-2025 $11.477M ▼ $11.997M ▼ $-314.725M ▼ $293.377M ▲ $-9.351M ▼ $11.997M ▼
Q4-2024 $14.282M ▼ $15.655M ▲ $-75.242M ▼ $83.937M ▲ $24.35M ▲ $15.655M ▲
Q3-2024 $16.64M $14.48M $283.627M $-332.323M $-34.216M $14.48M

Revenue by Products

Product Q1-2019
Securities And Loans Segment
Securities And Loans Segment
 $0 ▲
Single Family Rental Properties Segment
Single Family Rental Properties Segment
 $0 ▲

Five-Year Company Overview

Income Statement

Income Statement MITT’s income picture has been volatile but is now more stable than a few years ago. The company moved from a deep loss during the pandemic period to a solid recovery, then through another soft patch, and is now posting modest, consistent profits. Core operating performance has generally been positive in recent years, which suggests the underlying mortgage strategy is earning money, but the margin for error is not huge. Earnings per share have swung sharply over time, reflecting both business volatility and capital structure changes, so results should be viewed over several years rather than judged on any single period.

Balance Sheet

Balance Sheet The balance sheet is typical for a mortgage REIT: asset-heavy and highly reliant on borrowed money. Total assets have grown meaningfully, helped by acquisitions and portfolio expansion, which gives the firm more scale. Debt also makes up the bulk of the capital structure, with equity representing a relatively small slice of the total. Cash on hand is modest, so the company depends on steady access to financing markets and careful risk management. Overall, leverage is a key feature and key risk, and it needs to be monitored alongside asset quality and funding terms.

Cash Flow

Cash Flow Cash generation has been small but generally positive in recent years. Operating cash flow has stayed in the black, and because the business is not capital‑expenditure intensive, free cash flow tends to track operating cash flow closely. This is typical for a financial company where the main “investment” is in loans and securities rather than physical assets. The positive, if thin, cash flow profile supports ongoing operations, but it doesn’t leave a large cushion if markets become stressed or funding costs rise abruptly.

Competitive Edge

Competitive Edge MITT operates in a specialized corner of the mortgage market, focusing on non-agency residential loans and related securities. Its key edge comes from a vertically integrated setup: a majority stake in Arc Home provides a direct pipeline of non-agency and non-traditional mortgages, while its external manager, tied to TPG Angelo Gordon, brings deep securitization and credit expertise. This ecosystem helps MITT control loan quality, structure deals efficiently, and scale issuance over time. On the other hand, the niche is competitive, sensitive to housing and credit cycles, and heavily dependent on stable funding, so the company’s advantage rests on disciplined underwriting and consistent execution rather than on any one-off technology leap.

Innovation and R&D

Innovation and R&D Instead of classic research labs, MITT’s “innovation” is in how it structures and runs its mortgage platform. The company has built a vertically integrated chain from loan origination at Arc Home through to securitization using its manager’s proprietary platform. This likely relies on data analytics and automation in underwriting, risk assessment, and deal structuring, even if the specific tools are not fully disclosed. MITT also experiments with product design in areas like non-qualified mortgages and home equity loans, tailoring offerings to underserved borrowers. Future progress to watch includes deeper integration with Arc Home, expansion of home equity and other niche products, and further refinements to its securitization platform and risk models.

Summary

AG Mortgage Investment Trust has transitioned from severe pandemic-era losses to a more stable, modestly profitable footing, though results remain cyclical and sensitive to market conditions. Its balance sheet and business model are highly leveraged, which is normal for a mortgage REIT but puts a premium on access to financing and careful risk control. Cash flows are generally positive but not large, reinforcing the need for steady execution. Strategically, MITT’s strength lies in its vertically integrated setup: a captive originator in Arc Home and an experienced external manager with securitization expertise. This structure gives it a differentiated position in non-agency and non-traditional mortgages, with innovation centered on process, analytics, and product design rather than on headline-grabbing technology. The long-term story will depend on how well the company manages credit quality, funding costs, and housing-cycle swings while scaling its niche offerings and maintaining disciplined capital allocation.

NEWS

November 4, 2025 · 6:30 AM UTC

AG Mortgage Investment Trust, Inc. Reports Third Quarter 2025 Results

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October 28, 2025 · 4:15 PM UTC

AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2025 Earnings Release and Conference Call

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September 15, 2025 · 4:30 PM UTC

AG Mortgage Investment Trust, Inc. Announces Third Quarter 2025 Common Dividend of $0.21 per Share

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