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AG Mortgage Investment Trust, Inc. (symbol: MITT) is a publicly traded real estate investment trust (REIT) that specializes in investing in a diversified portfolio of residential mortgage-related assets in the U.S. mortgage market. The company's primary objective is to deliver attractive risk-adjusted returns to its stockholders over the long term via dividends and capital appreciation. MITT is notably involved in acquiring and managing residential mortgage-backed securities (RMBS) that are issued or guaranteed by government-sponsored enterprises.
AG Mortgage Investment Trust, Inc. has built a robust portfolio that benefits from the stability and predictability of the residential mortgage market. Its investments include a range of mortgage-backed securities that provide a balance between risk and return. By focusing on high-quality, government-backed securities, MITT ensures a level of security and reliability in its earnings, which is further enhanced by strategic asset diversification.
In recent years, the company has made significant strides in expanding its asset base and optimizing its investment strategies to adapt to market fluctuations. It maintains a disciplined investment approach to manage interest rate risk and credit risk effectively. This strategy has allowed MITT to sustain a steady flow of income and dividends to its shareholders, even amidst market volatility.
Moreover, AG Mortgage Investment Trust, Inc. collaborates with various financial institutions and partners to enhance its investment capabilities and market reach. These partnerships enable MITT to source high-quality assets and leverage expertise in mortgage investment management, thus creating value for its stockholders.
The company's financial strength is underscored by its solid balance sheet, prudent financial management, and commitment to transparency and corporate governance. AG Mortgage Investment Trust, Inc. remains dedicated to maximizing shareholder value by continuously seeking opportunities to refine its investment portfolio and improve operational efficiency.
AG Mortgage Investment Trust (MITT) reported Q2 2022 financial results with a book value per share of $11.48, down from $13.68 in Q1 2022, marking a decrease of 16.6%. The net income reported was $(2.27) per share, with core earnings at $0.08 per share. A dividend of $0.21 per share was declared. Total investments rose to $4.1 billion, while total financing increased to $3.4 billion. Key management noted market challenges but emphasized opportunities for growth through securitizations. A $15 million stock repurchase program was approved on August 3, 2022.
AG Mortgage Investment Trust (NYSE: MITT) will announce its second quarter 2022 financial results on August 3, 2022, after market close. A conference call will follow at 5:00 PM ET the same day for discussion of these results. Participants can register via a specified number and access a presentation on the company's website. For those unable to attend live, an audio replay will be accessible from August 3 through September 3, 2022. AG Mortgage focuses on a diversified portfolio of U.S. residential mortgage-related assets.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a second-quarter 2022 dividend of $0.21 per common share. This dividend is payable on July 29, 2022 to shareholders of record by the close of business on June 30, 2022. As a residential mortgage REIT, the company focuses on investing in a diversified portfolio of residential mortgage-related assets within the U.S. market, managed by AG REIT Management, a subsidiary of Angelo Gordon & Co.
AG Mortgage Investment Trust (MITT) reported its Q1 2022 financial results, showing a book value per share of $13.68, down from $14.64 in Q4 2021. The economic return on equity was negative at (5.2)% with a net income loss of $(0.74) per share. The Company executed three securitizations, enhancing liquidity during a challenging quarter, while maintaining a $3.7 billion investment portfolio and $137.9 million in liquidity. A quarterly dividend of $0.21 was declared, and the management remains optimistic about long-term growth despite current challenges.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its first quarter 2022 financial results before the market opens on May 6, 2022. A conference call will follow at 8:30 a.m. Eastern Time on the same day to discuss these results. Participants can access the call by dialing 1 (866) 374-5140 for domestic calls or 1 (404) 400-0571 for international callers. A replay will be available from May 9 to June 5, 2022. The company focuses on investing in a diversified portfolio of residential mortgage-related assets in the U.S. market.
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AG Mortgage Investment Trust, Inc. (NYSE: MITT) has declared a dividend of $0.21 per common share for Q1 2022. This dividend will be payable on April 29, 2022 to shareholders on record as of the close of business on March 31, 2022. The company focuses on investing in a diversified portfolio of residential mortgage-related assets in the U.S. mortgage market and is externally managed by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., which manages approximately $51 billion in assets.
AG Mortgage Investment Trust (MITT) reported financial results for Q4 and full year 2021, highlighting a book value per share growth to $14.64 from $12.40 in 2020. The adjusted book value also rose to $14.32 from $11.81, marking a 21% increase year-over-year. Key achievements included executing five Non-QM securitizations and raising $80 million through a public offering. Despite these gains, the Q4 economic return on equity dipped to -11.7%, with net income per diluted share at $0.33 and a core loss of $(0.05).
AG Mortgage Investment Trust, Inc. (NYSE: MITT) will release its fourth quarter 2021 financial results on February 24, 2022, before market open. A conference call to discuss the results will take place on the same day at 8:30 a.m. ET. Participants can join the call by dialing 1 (888) 424-8151, with international callers using 1 (847) 585-4422. An accompanying presentation will be available on the company’s website. An audio replay will be accessible from February 25 to March 26, 2022.
AG Mortgage Investment Trust, Inc. (NYSE: MITT) announced the tax treatment of its 2021 common and preferred stock dividends. This announcement aims to assist stockholders with tax reporting requirements for their taxable income. Important details include dividend amounts and classifications for tax purposes following a reverse stock split completed on July 22, 2021. Stockholders should refer to their tax documents for verification and may consult tax advisors for personalized guidance.
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