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Dec 31, 2024
MITT Q4 2024 Earnings Report
MITT reported a quarterly economic return on equity of 2.4% and net income per diluted share of $0.30.
Key Takeaways
AG Mortgage Investment Trust, Inc. (MITT) delivered a 2.4% quarterly economic return on equity, with net income per diluted share of $0.30 and earnings available for distribution (EAD) per diluted share of $0.18. The company declared a Q4 dividend of $0.19 per common share and reported a total investment portfolio of $6.7 billion. MITT maintained a GAAP leverage ratio of 11.6x and an economic leverage ratio of 1.4x.
Quarterly economic return on equity of 2.4%.
Net income per diluted share of $0.30.
Earnings available for distribution per diluted share of $0.18.
Q4 2024 revenue of $17.38M.
MITT
MITT
Forward Guidance
MITT remains focused on leveraging its external management and asset allocation strategies to drive growth and enhance shareholder value in 2025.
Positive Outlook
- Continued strategic asset allocation in non-agency credit.
- Strong support from external manager, TPG.
- Commitment to shareholder value creation.
- Optimized capital structure to support future growth.
- Maintaining strong liquidity position.
Challenges Ahead
- Exposure to macroeconomic uncertainties.
- Fluctuations in book value due to market conditions.
- Interest rate volatility impacting net interest margin.
- Potential challenges in securitization market.
- Competition in mortgage investment sector.