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Mortgages

AG Mortgage Investment Trust Reports Second Quarter 2025 Financial Results

Strategic Insights

— 2 min read

AG Mortgage Investment Trust, Inc. (MITT) has reported strong financial results for the second quarter ended June 30, 2025, highlighting its resilience and strategic positioning in the residential mortgage space. The company's commitment to disciplined risk management and enhancing long-term value for shareholders remains unchanged. A notable transaction, the acquisition of an additional 21.4% interest in Arc Home, a residential mortgage originator, was completed on August 1, 2025. This move is expected to drive earnings accretion potential and position MITT as a leading, vertically integrated platform in the residential mortgage space.

Key Takeaways:

  • AG Mortgage Investment Trust, Inc. (MITT) reported a 5% increase to its common dividend, from $0.20 to $0.21 per common share, for the second quarter 2025.
  • The company's book value per share as of June 30, 2025, was $10.39, with a quarterly economic return on equity of (0.5)%.
  • MITT's investing and financing highlights include a $7.3 billion investment portfolio as of June 30, 2025, and $6.9 billion of financing, with a 12.8x GAAP Leverage Ratio and 1.3x Economic Leverage Ratio.
  • The company acquired an additional 21.4% interest in Arc Home on August 1, 2025, increasing its ownership to 66.0% from 44.6%.
  • The transaction is expected to be accretive to Earnings Available for Distribution (EAD) in 2026, with minimal dilution of ~2% to book value.
  • Keefe, Bruyette & Woods, A Stifel Company, served as exclusive financial advisor to AG Mortgage Investment Trust, Inc. in connection with the transaction and delivered a fairness opinion to the Company's board of directors.
  • MITT declared a second quarter dividend of $0.21 per common share on June 17, 2025, and quarterly cash dividends on its preferred stock.

Statistics:

  • Book Value per share as of June 30, 2025: $10.39
  • Quarterly economic return on equity: (0.5)%
  • Net Income/(Loss) Available to Common Stockholders per diluted common share: $(0.05)
  • Earnings Available for Distribution (EAD) per diluted common share: $0.18
  • Investment Portfolio as of June 30, 2025: $7.3 billion
  • Financing as of June 30, 2025: $6.9 billion
  • GAAP Leverage Ratio: 12.8x
  • Economic Leverage Ratio: 1.3x
  • Total liquidity as of June 30, 2025: $89.7 million

Sources:

  • AG Mortgage Investment Trust, Inc. (2025). AG Mortgage Investment Trust, Inc. Reports Second Quarter 2025 Financial Results. Press Release.
  • Keefe, Bruyette & Woods, A Stifel Company. (2025). AG Mortgage Investment Trust, Inc. Completes Acquisition of Additional Interest in Arc Home. Press Release.

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