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1. Company Snapshot

1.a. Company Description

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.

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1.b. Last Insights on MITT

AG Mortgage Investment Trust, Inc.'s recent performance was driven by a successful Q3 2025, with the company reporting a significant increase in book value and supporting its dividend. The company's earnings of $0.23 per share matched estimates, representing a growth from $0.17 per share a year ago. A declared dividend of $0.21 per common share for Q3 2025 showcases the company's commitment to shareholders. Additionally, the company's strategic growth initiatives and diversified risk-adjusted portfolio have contributed to its positive performance. (Source: Business Wire, November 4, 2025)

1.c. Company Highlights

2. MITT's Q3 2025 Earnings: A Strategic Shift Towards Core Investments

AG Mortgage Investment Trust, Inc. (MITT) reported earnings available to common shareholders (EAD) of $0.23 per share, in line with analyst estimates. The company's GAAP net income available to common shareholders was $14.6 million or $0.47 per share. Book value per share increased to $10.46, a 0.7% growth, generating a 2.7% economic return for shareholders, as noted by CFO Anthony Rossiello. The investment portfolio expanded by 21% to $8.8 billion, driven by securitization activity, with the company executing four securitizations and acquiring over $1.7 billion of residential mortgage loans.

Publication Date: Nov -29

📋 Highlights
  • Book Value Growth:: Increased to $10.46/share (+0.7%) from $10.39/share, driven by strategic Arc Home acquisition and portfolio expansion.
  • Arc Home Acquisition:: MITT acquired an additional 21.4% stake in Arc Home via 2 million share issuance, causing a 1.8% one-time dilution.
  • Earnings Available to Common Shareholders (EAD):: Rose to $0.23/share, with Arc Home contributing $0.03/share from originations and margin growth.
  • Portfolio Expansion:: Investment portfolio surged 21% to $8.8 billion through securitizations, adding $1.7 billion in residential mortgage loans.
  • Economic Return & Liquidity:: Generated 2.7% economic return on book value growth and maintained $104 million in liquidity for capital redeployment.

Strategic Rotation and Portfolio Growth

MITT made significant progress in rotating equity into core strategies, with nearly $66 million of equity rotated from legacy WMC assets, boosting earnings power. The company also acquired an additional 21.4% of Arc Home through the issuance of approximately 2 million shares, resulting in a one-time dilution event of 1.8%. Arc Home contributed $0.03 per share to EAD, supported by continued growth in originations and margins.

Financing and Liquidity

The company ended the quarter with total liquidity of approximately $104 million. Management expects to unlock value from call rights on transactions issued in 2022 and 2023 and redeploy it into higher-returning investments. The termination of certain transactions is also expected to return capital that can be redeployed into core strategies.

Valuation and Outlook

MITT's current valuation metrics indicate a relatively attractive dividend yield of 9.9%. The Price-to-Book Ratio stands at 0.45, suggesting the stock may be undervalued relative to its book value. Analysts estimate revenue growth at 16.4% for next year, indicating a positive outlook for the company. With a ROE of 9.1%, the company is generating decent returns on equity. As CEO T.J. Durkin stated, growing the company's size and float is in the long-term best interest of its shareholders.

3. NewsRoom

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Dividend Power Dogs: 12 Ideal Safer November Stars

Nov -16

Source: seekingalpha.com

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AG Mortgage Investment Trust, Inc. (MITT) Q3 2025 Earnings Call Transcript

Nov -04

Source: seekingalpha.com

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AG Mortgage Investment Trust (MITT) Q3 Earnings Match Estimates

Nov -04

Source: zacks.com

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

Nov -04

Source: businesswire.com

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14% Dividend Yield Is Not Enough

Oct -31

Source: seekingalpha.com

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Generation Income Properties (NASDAQ:GIPR) & AG Mortgage Investment Trust (NYSE:MITT) Head to Head Review

Oct -31

Source: defenseworld.net

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

Oct -28

Source: businesswire.com

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Dividend Power Dogs: 13 Ideal Safer October Stars

Oct -21

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.00%)

6. Segments

Real Estate Investment Trust

Expected Growth: 5.0%

AG Mortgage Investment Trust, Inc.'s 5.0% growth in Real Estate Investment Trust (REIT) is driven by increasing demand for mortgage-backed securities, diversification of investment portfolio, and strategic acquisitions. Additionally, the company's focus on residential mortgage investments and hedging strategies have contributed to its growth.

7. Detailed Products

Residential Mortgage Investments

AG Mortgage Investment Trust, Inc. invests in residential mortgage-backed securities (RMBS) and other residential mortgage-related assets.

Commercial Mortgage Investments

The company invests in commercial mortgage-backed securities (CMBS) and other commercial mortgage-related assets.

Non-Agency Residential Mortgage Investments

AG Mortgage Investment Trust, Inc. invests in non-agency residential mortgage-backed securities and other non-agency residential mortgage-related assets.

Agency Residential Mortgage Investments

The company invests in agency residential mortgage-backed securities and other agency residential mortgage-related assets.

Mortgage Servicing Rights

AG Mortgage Investment Trust, Inc. acquires and manages mortgage servicing rights (MSRs) for residential mortgages.

8. AG Mortgage Investment Trust, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for AG Mortgage Investment Trust, Inc. is medium. While there are alternative investment options available, the company's focus on mortgage investments provides a unique value proposition that differentiates it from other investment options.

Bargaining Power Of Customers

The bargaining power of customers for AG Mortgage Investment Trust, Inc. is low. As a mortgage investment trust, the company's customers are primarily institutional investors who have limited bargaining power.

Bargaining Power Of Suppliers

The bargaining power of suppliers for AG Mortgage Investment Trust, Inc. is medium. While the company relies on a limited number of suppliers for mortgage investments, it has some flexibility to negotiate prices and terms.

Threat Of New Entrants

The threat of new entrants for AG Mortgage Investment Trust, Inc. is high. The mortgage investment trust industry is relatively easy to enter, and new entrants could potentially disrupt the market.

Intensity Of Rivalry

The intensity of rivalry for AG Mortgage Investment Trust, Inc. is high. The mortgage investment trust industry is highly competitive, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 91.33%
Debt Cost 3.95%
Equity Weight 8.67%
Equity Cost 13.90%
WACC 4.81%
Leverage 1053.14%

11. Quality Control: AG Mortgage Investment Trust, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

8.32$

Current Price

8.32$

Potential

-0.00%

Expected Cash-Flows