AG Mortgage Investment Trust, Inc. (MITT-PA)
NYSE NYSE Primary Summary
MITT-PA Chart
AG Mortgage Investment Trust, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AT Alex Tescher KELLY LAWRENCE W & ASSOCIATES Inc./CA | 1,700 | $41,810.81 | $36,737 | -$5,073.81 | -12.14% |
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AG Mortgage Investment Trust, Inc. Profile
| Mortgage Real Estate Investment Trusts (REITs) Industry | Financials Sector | Thomas J. Durkin CEO | NYSE Exchange | 001228204 CUSIP |
| US Country | 100 Employees | 29 May 2026 Last Dividend | - Last Split | - IPO Date |
Overview
AG Mortgage Investment Trust, Inc. is a prominent player in the residential mortgage real estate investment trust (REIT) sector in the United States. Founded in 2011 and headquartered in New York, New York, the company focuses on creating a diversified investment portfolio primarily centered on residential mortgage assets. AG Mortgage Investment Trust, Inc. is structured to benefit from favorable tax treatment as it qualifies as a REIT for federal income tax purposes. This designation allows the company to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to shareholders. The strategic focus on offering a variety of mortgage-related investments positions the company to navigate the dynamic landscape of the real estate and financial markets effectively.
Products and Services
- Residential Investments:
This category includes a range of mortgage-related financial products such as non-qualifying mortgage loans, which cater to borrowers who do not meet conventional mortgage criteria, thus opening avenues for a broader clientele. Additionally, the incorporation of government-sponsored entity (GSE) non-owner occupied loans allows for investments in properties not primarily inhabited by owners, enhancing the portfolio's revenue-generating capabilities.
- Re/Non-performing Loans:
AG Mortgage Investment Trust, Inc. actively engages in the acquisition and management of re-performing and non-performing loans. By investing in these loans, the company strategically aims to revitalize assets that may have potential upside once successfully managed or restructured, contributing to recovery in distressed real estate markets.
- Land Related Financing:
Investment in land-related financing provides the opportunity for the company to participate in the development of new residential projects. This service includes financing for raw land as well as land that is already prepared for construction, meant to capitalize on future appreciation as development progresses.
- Agency Residential Mortgage-Backed Securities:
As part of its diversified portfolio, the company includes agency residential mortgage-backed securities (RMBS), which are investment vehicles backed by pools of residential mortgages. These securities offer investors a source of income through interest payments, while also providing a degree of security due to the underlying government guarantees.
- Commercial Investments:
In addition to its residential focus, AG Mortgage Investment Trust employs a strategy of investing in commercial assets. This broadens the investment horizons and allows for a more balanced risk-reward profile, providing access to various types of income-generating properties.
