MITT Q4 2021 Earnings Report
Key Takeaways
AG Mortgage Investment Trust, Inc. reported their Q4 2021 results. The company had a net income of $0.33 per diluted common share and a core earnings loss of $(0.05) per diluted common share. The company completed a capital raise that will fuel their growth for the foreseeable future.
Net Income of $0.33 per diluted common share
Core Earnings loss of $(0.05) per diluted common share
Quarterly Economic Return on Equity of -11.7%
Completed a public offering issuing 8.1 million shares of common stock for net proceeds of approximately $80.0 million
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MITT
Forward Guidance
Company begins 2022 with the liquidity, infrastructure, and talent to continue to be a growing leader in the residential mortgage origination and securitization business and continues to build off this momentum with a strong acquisition pipeline in 2022