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Sep 30, 2023
MITT Q3 2023 Earnings Report
Reported financial results for the quarter ended September 30, 2023.
Key Takeaways
AG Mortgage Investment Trust reported a book value per share of $11.37 and an adjusted book value per share of $11.00 as of September 30, 2023. The company declared a dividend of $0.18 per common share in Q3 2023 and maintains a total liquidity of $118.7 million.
Book Value per share was $11.37 as of September 30, 2023, compared to $11.89 as of June 30, 2023.
Adjusted Book Value per share was $11.00 as of September 30, 2023, compared to $11.52 as of June 30, 2023, a decrease of (4.5)%.
Quarterly economic return on equity was (3.0)%.
Net Income/(Loss) was $(0.33) and Earnings Available for Distribution (EAD) was $0.10 per diluted common share.
MITT
MITT
Forward Guidance
The Merger is expected to close in the fourth quarter 2023.