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MITT-PC

AG Mortgage Investment Trust, Inc.

MITT-PC

AG Mortgage Investment Trust, Inc. • NYSE
$24.95 ▲ 0.52% (+0.13)
Market Cap $765.02 M
52w High $26.00
52w Low $20.65
Dividend Yield 2.78%
P/E 15.85
Volume 13.50K
Outstanding Shares 9.65M

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 The business has moved from a very tough period a few years ago toward more stable, though still modest, profitability. Core income from its mortgage portfolio has become positive and more consistent, and operating performance has improved versus the pandemic years. However, earnings have been quite volatile over time, which is common for mortgage REITs that are highly sensitive to interest rates and credit conditions. Recent years show small but steady profits rather than large, durable earnings power, so results should still be viewed as cyclical and vulnerable to market swings.

Balance Sheet

Balance Sheet The balance sheet is built around a large pool of mortgage assets funded mostly with debt, which is typical for a mortgage REIT. Assets and borrowings have both grown meaningfully, showing an expanding investment book that relies heavily on leverage. Equity has inched up but remains a relatively thin slice of the overall capital structure, which increases sensitivity to asset value changes. Cash on hand is small relative to total assets, again standard for this type of business, but it means the company depends on maintaining access to short‑term funding and healthy repo markets.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive but modest, without large swings. Because this is a financial company rather than a factory‑based business, traditional capital spending is essentially nonexistent, so most cash flow is driven by how well the mortgage book is managed and financed. The pattern suggests a business that can generally fund itself through operations but is still very dependent on capital markets activity—such as securitizations and borrowing arrangements—rather than on large internally generated cash surpluses.

Competitive Edge

Competitive Edge The company competes as a specialized residential mortgage REIT, focusing on non‑agency loans where credit analysis and structuring skills matter more. Its main competitive strengths are its external manager, TPG Angelo Gordon, which brings deep experience and sophisticated analytics, and its vertically integrated link to Arc Home, which provides a steady pipeline of loans. Its securitization platform helps it recycle capital and manage risk. On the other hand, it operates in a crowded, rate‑sensitive market, faces ongoing competition for attractive loans, and is structurally reliant on cheap funding and functioning securitization markets, which can narrow its edge during stressed periods.

Innovation and R&D

Innovation and R&D Rather than traditional lab‑style R&D, innovation here lives in the investment and data platform. The manager has built proprietary databases, models, and systems to value complex mortgage assets, assess risk, and structure securitizations. The Arc Home relationship adds a more controlled and customizable origination channel, allowing tailored products such as non‑QM and home‑equity‑related loans. Future innovation is likely to show up through better analytics, more specialized loan products, and more efficient securitization processes, not through visible “technology products” in the usual sense.

Summary

AG Mortgage Investment Trust, through this preferred share class, sits on top of a leveraged, specialized mortgage investment platform that has recovered from past stress and now delivers more stable, though still modest and cyclical, earnings. The company’s strengths lie in its alignment with TPG Angelo Gordon, its vertical integration via Arc Home, and its focus on a niche part of the mortgage market where expertise matters. The main risks are high leverage, dependence on wholesale funding and securitization markets, and sensitivity to interest rate and housing credit cycles. Overall, it is a financially complex, market‑driven business with improving performance but an inherently higher‑risk operating model typical of mortgage REITs.