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Dec 31, 2023
MITT Q4 2023 Earnings Report
Reported financial results for the full year and quarter ended December 31, 2023.
Key Takeaways
AG Mortgage Investment Trust, Inc. reported its Q4 2023 financial results, featuring a decrease in Adjusted Book Value per share of approximately (7.2)% from the previous quarter, a Quarterly Economic Return on Equity of (5.6)%, and a Net Income of $1.35 per diluted common share.
Adjusted Book Value per share decreased by approximately (7.2)% from September 30, 2023
Quarterly Economic Return on Equity was (5.6)%
Net Income was $1.35 per diluted common share
Declared a dividend of $0.18 per common share in Q4 2023
Forward Guidance
Looking ahead, the company is confident in its ability to build on its momentum, focused on driving earnings power and enhancing G&A efficiencies to make MITT a more scaled and profitable investment vehicle for its stockholders.
Positive Outlook
- Ability to drive earnings power
- Enhancing G&A efficiencies
- Becoming a more scaled investment vehicle
- Becoming a more profitable investment vehicle
- Focus on higher yielding securitized residential assets
Challenges Ahead
- Market volatility
- Changes in interest rates
- Changes in prepayment rates
- Increased rates of default
- Competition for target investments
Historical Earnings Impact
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Avg. Return Before/After Earnings
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