AG Mortgage Investment Trust, Inc. (MITT) 10-Year Financial Performance & Capital Metrics

MITT • • REIT / Real Estate

Real EstateMortgage REITsHybrid Mortgage REITsMulti-Asset Mortgage Investors

AboutAG 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.Show more

Revenue $75M +37.1%
FFO $56M +3.6%
FFO/Share 1.89 -25.9%
FFO Payout 32.25% -0.5%
FFO per Share 1.89 -25.9%
NOI Margin 100%
FFO Margin 74% -24.4%
ROE 10.4% -4.2%
ROA 0.85% -16.6%
Debt/Assets 91.56% +0.8%
Net Debt/EBITDA -
Book Value/Share 18.41 -26.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High NOI margin of 100.0%
✓Trading near 52-week high
✓Trading at only 0.5x book value

✗Weaknesses

✗High debt to equity ratio of 11.6x
✗Weak 3Y average ROE of 3.7%
✗Shares diluted 39.9% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-5.29%

5Y-9.37%

3Y-7.83%

TTM8.21%

Profit (Net Income) CAGR

10Y-6.52%

5Y-9.72%

3Y-18.82%

TTM-35.34%

EPS CAGR

10Y-18.99%

5Y-29.67%

3Y-38.51%

TTM-59.01%

ROCE

10Y Avg-3.39%

5Y Avg-32.15%

3Y Avg-

Latest-

Peer Comparison

Multi-Asset Mortgage Investors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RWTNRedwood Trust, Inc. 9.125% Seni	3.36B	25.34	79.19	52.9%	-0.62%	-0.29%		14.10
MITNAG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 2029	754.34M	25.45	20.69	5.49%	18.45%	8.87%	7.4%	11.65
EFC-PCEllington Financial Inc.	2.49B	25.42	18.97	-13.66%	46.15%	8.39%
RWTRedwood Trust, Inc.	734.76M	5.80	18.13	52.9%	-41.59%	-8.86%		13.80
EFC-PDEllington Financial Inc.	2.37B	24.18	17.65	12.07%	49.64%	8.39%
STWDStarwood Property Trust, Inc.	6.8B	18.35	16.38	-0.53%	19.99%	4.84%	9.1%	1.25
NLYAnnaly Capital Management, Inc.	16.28B	23.83	14.71	189.21%	31.62%	9.97%	15.04%	1.69
IVRInvesco Mortgage Capital Inc.	659.79M	9.30	14.31	17.98%	36.99%	6.93%	27.76%	6.70

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	34.41M	83.17M	128.54M	84.42M	123.17M	-367.89M	96.18M	-7.41M	54.92M	75.32M
Revenue Growth %	-0.73%	1.42%	0.55%	-0.34%	0.46%	-3.99%	1.26%	-1.08%	8.42%	0.37%
Property Operating Expenses	671.25K	404K	10.96M	9.98M	1.62M	2.22M	0	0	0	0
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	22.99M	23.68M	44.71M	1.86M	10.17M	7.34M	96.18M	-7.41M	54.92M	75.32M
G&A Expenses	10.14M	10.11M	10.14M	9.78M	10.17M	7.34M	2.14M	1.92M	1.83M	2.42M
EBITDA+	6.6M	118.78M	119.62M	136.28M	111.38M	-377.46M	0	0	0	0
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	-11.92M	44.81M	1.22M	131.58M	0	0	0	0	0	0
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	18.52M	73.97M	118.4M	4.7M	111.38M	-377.46M	0	0	0	0
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	31.23M	33.78M	43.72M	70.5M	90.11M	36.95M	27.25M	118.92M	212.5M	342.6M
Interest Coverage	0.59x	2.19x	2.71x	0.07x	1.24x	-10.22x	-	-	-	-
Non-Operating Income	-6.6M	-35.3M	-56.34M	2.34M	111.38M	-377.46M	0	0	0	0
Pretax Income+	10.42M	62.16M	105.94M	-12.09M	97.87M	422.4M	104.19M	-53.1M	53.78M	55.74M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	-3.4M	-1.52M	-12.62M	-15.59M	531K	815K	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	13.82M	63.68M	118.56M	1.57M	92.92M	-420.92M	104.19M	-53.1M	53.78M	55.74M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.87%	3.61%	0.86%	-0.99%	58.26%	-5.53%	1.25%	-1.51%	2.01%	0.04%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.04%	56.13%	0.1%	0.11%	-0.27%	-	-	-1.43%	-	-
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.03	5.40	11.31	-1.26	7.15	-36.73	5.29	-3.12	1.68	1.23
EPS Growth %	-1%	179%	1.09%	-1.11%	6.67%	-6.14%	1.14%	-1.59%	1.54%	-0.27%
EPS (Basic)	0.03	5.40	11.31	-1.26	7.16	-36.73	5.29	-3.12	1.68	1.23
Diluted Shares Outstanding	9.47M	9.32M	9.29M	9.46M	10.73M	11.73M	16.23M	22.89M	21.1M	29.51M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.16B	2.63B	3.79B	3.55B	4.35B	1.4B	3.36B	4.37B	6.13B	6.91B
Asset Growth %	-0.09%	-0.17%	0.44%	-0.06%	0.23%	-0.68%	1.4%	0.3%	0.4%	0.13%
Real Estate & Other Assets+	-2.9B	-2.41B	-3.62B	2.1M	-17.77M	537.81M	449M	-73.13M	-62.81M	172.2M
PP&E (Net)	0	-222.45M	-171.97M	-3.55B	0	0	0	0	0	0
Investment Securities	1000K	1000K	1000K	1000K	0	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	57.41M	61.04M	27.81M	56.41M	0	627.14M	2.75B	0	0	6.66B
Cash & Equivalents	46.25M	52.47M	15.2M	31.58M	125.37M	47.93M	68.08M	84.62M	111.53M	118.66M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	-140.61M	32.22M	48.3M	-106.02M	-142.1M	54.84M
Intangible Assets	425.31K	412.65K	5.08M	26.65M	0	3.16M	0	0	0	0
Total Liabilities	2.5B	1.97B	3.08B	2.89B	3.5B	990.34M	2.79B	3.91B	5.6B	6.37B
Total Debt+	426.94M	21.49M	16.48M	2.83B	3.46B	919.27M	2.78B	3.88B	5.56B	6.33B
Net Debt	380.69M	-30.98M	1.28M	2.8B	3.33B	871.35M	2.71B	3.8B	5.45B	6.21B
Long-Term Debt	0	21.49M	3.02B	10.86M	168.32M	919.21M	999.22M	3.88B	5.56B	5.59B
Short-Term Borrowings	0	0	0	0	1000K	68K	1000K	0	0	1000K
Capital Lease Obligations	0	161.21M	161.21M	161.21M	0	0	0	0	0	0
Total Current Liabilities+	1.71M	1.72M	1.55M	19.93M	3.33B	71.13M	1.79B	0	0	782.39M
Accounts Payable	3.93M	2.57M	9.34M	19.64M	0	51.14M	0	14.12M	23.91M	0
Deferred Revenue	-2.43B	-45.66M	-40.86M	-2.71B	0	0	0	0	0	0
Other Liabilities	30.05M	1.8M	52.61M	-10.86M	-168.32M	0	87K	-3.88B	-5.56B	103K
Total Equity+	666.94M	2.52B	3.71B	3.32B	849.05M	409.7M	570.38M	462.8M	528.37M	543.42M
Equity Growth %	-0.09%	2.78%	0.47%	-0.11%	-0.74%	-0.52%	0.39%	-0.19%	0.14%	0.03%
Shareholders Equity	666.94M	655.88M	714.26M	656.01M	849.05M	409.7M	570.38M	462.8M	528.37M	543.42M
Minority Interest	0	1.87B	2.99B	2.66B	0	0	0	0	0	0
Common Stock	282.86K	277K	281.93K	287K	327K	138K	239K	212K	294K	296K
Additional Paid-in Capital	584.58M	576.28M	585.53M	595.41M	662.18M	689.15M	796.47M	778.61M	823.72M	824.38M
Retained Earnings	-79.13M	-81.89M	-32.77M	-100.9M	-85.92M	-518.06M	-446.8M	-536.49M	-516.11M	-501.73M
Preferred Stock	161.21M	161.21M	161.21M	161.21M	272.46M	238.48M	220.47M	220.47M	220.47M	220.47M
Return on Assets (ROA)	0%	0.02%	0.04%	0%	0.02%	-0.15%	0.04%	-0.01%	0.01%	0.01%
Return on Equity (ROE)	0.02%	0.04%	0.04%	0%	0.04%	-0.67%	0.21%	-0.1%	0.11%	0.1%
Debt / Assets	0.13%	0.01%	0%	0.8%	0.8%	0.66%	0.83%	0.89%	0.91%	0.92%
Debt / Equity	0.64x	0.01x	0.00x	0.85x	4.07x	2.24x	4.87x	8.39x	10.53x	11.65x
Net Debt / EBITDA	57.68x	-0.26x	0.01x	20.56x	29.92x	-	-	-	-	-
Book Value per Share	70.43	270.77	398.83	350.52	79.10	34.93	35.13	20.22	25.04	18.41

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	87.06M	66.92M	79.48M	78.03M	65.24M	4.16M	26.3M	22.52M	28.13M	55.84M
Operating CF Growth %	-0.07%	-0.23%	0.19%	-0.02%	-0.16%	-0.94%	5.33%	-0.14%	0.25%	0.98%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	13.82M	63.68M	118.56M	1.57M	97.34M	-421.58M	104.19M	-53.1M	53.78M	55.74M
Depreciation & Amortization	12.19M	3.65M	10.39M	2.34M	4.11M	0	6.08M	5.46M	0	0
Stock-Based Compensation	284.38K	418.49K	540.74K	631K	748K	582K	320K	327K	380K	667K
Other Non-Cash Items	17.15M	10.39M	-40.97M	60.53M	-31.05M	429.93M	-72.61M	68.73M	-28.21M	-4.96M
Working Capital Changes	1.49M	63.64K	1.35M	12.97M	-1.8M	-4.77M	-5.6M	1.1M	2.18M	4.4M
Cash from Investing+	314.1M	540.65M	-1.17B	161.04M	-746.96M	2.19B	-1.9B	-1.49B	-433.5M	-713.13M
Acquisitions (Net)	0	0	3.4M	25.16M	0	0	0	0	0	0
Purchase of Investments	-1.61B	-963.43M	-2.25B	-2.45B	-2.33B	-621.65M	-924.66M	-108.56M	-294.42M	-666.54M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	7.92M	66.31M	12.56M	-350.09M	-126.61M	-32.37M	-1.96B	-2.05B	-447.37M	-675.82M
Cash from Financing+	-419.27M	-601.35M	1.05B	-207.53M	722.7M	-2.26B	1.91B	1.47B	432.14M	670.29M
Dividends Paid	-81.61M	-66.78M	-69.2M	-68.72M	-77.58M	-35.28M	-29.62M	-37.77M	-35.78M	-37.19M
Common Dividends	-68.14M	-53.31M	-55.73M	-55.25M	-61.81M	-14.73M	-10.78M	-19.42M	-17.44M	-17.98M
Debt Issuance (Net)	-1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Share Repurchases	-472.89K	-9.93M	0	0	0	0	-3.56M	-18.22M	-6.35M	0
Other Financing	-10.39M	4.37M	9.73M	102.08M	-104.76M	-54.75M	0	8.71M	-9.04M	-251K
Net Change in Cash+	-18.11M	6.22M	-37.27M	31.54M	41.01M	-63.05M	37.91M	-1.43M	26.77M	12.99M
Exchange Rate Effect	0	0	0	0	41K	-162K	10K	0	0	0
Cash at Beginning	64.36M	46.25M	52.47M	52.81M	84.36M	125.37M	62.32M	100.23M	98.8M	125.57M
Cash at End	46.25M	52.47M	15.2M	84.36M	125.37M	62.32M	100.23M	98.8M	125.57M	138.57M
Free Cash Flow+	87.06M	66.92M	76.08M	52.87M	65.24M	4.16M	26.3M	22.52M	28.13M	55.84M
FCF Growth %	-0.06%	-0.23%	0.14%	-0.31%	0.23%	-0.94%	5.33%	-0.14%	0.25%	0.98%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	0.2	11.64	12.89	14.07	9.04	-35.88	6.79	-2.08	2.55	1.89
FFO Payout Ratio	3588.43%	49.13%	46.53%	41.5%	63.7%	-3.5%	9.78%	-40.77%	32.42%	32.25%
NOI Margin	98.05%	99.51%	91.47%	88.18%	98.69%	100.6%	100%	100%	100%	100%
Net Debt / EBITDA	57.68x	-0.26x	0.01x	20.56x	29.92x	-	-	-	-	-
Debt / Assets	13.49%	0.82%	0.43%	79.84%	79.53%	65.66%	82.58%	88.87%	90.83%	91.56%
Interest Coverage	0.59x	2.19x	2.71x	0.07x	1.24x	-10.22x	-	-	-	-
Book Value / Share	70.43	270.77	398.83	350.52	79.1	34.93	35.13	20.22	25.04	18.41
Revenue Growth	-73.46%	141.69%	54.54%	-34.32%	45.9%	-398.69%	126.14%	-107.7%	841.66%	37.15%

Revenue by Segment

	2018
Single Family Rental Properties	4.09M
Single Family Rental Properties Growth	-
Corporate	-
Corporate Growth	-
Securities And Loans	-
Securities And Loans Growth	-

Frequently Asked Questions

Valuation & Price

AG Mortgage Investment Trust, Inc. (MITT) has a price-to-earnings (P/E) ratio of 7.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

AG Mortgage Investment Trust, Inc. (MITT) reported $74.6M in revenue for fiscal year 2024.

AG Mortgage Investment Trust, Inc. (MITT) grew revenue by 37.1% over the past year. This is strong growth.

Yes, AG Mortgage Investment Trust, Inc. (MITT) is profitable, generating $49.7M in net income for fiscal year 2024 (74.0% net margin).

Dividend & Returns

Yes, AG Mortgage Investment Trust, Inc. (MITT) pays a dividend with a yield of 6.61%. This makes it attractive for income-focused investors.

AG Mortgage Investment Trust, Inc. (MITT) has a return on equity (ROE) of 10.4%. This is reasonable for most industries.

Industry Metrics

AG Mortgage Investment Trust, Inc. (MITT) generated Funds From Operations (FFO) of $135.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

AG Mortgage Investment Trust, Inc. (MITT) offers a 6.61% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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