AG Mortgage Investment Trust, Inc. (MITT) reported its financial results for the second quarter of 2025, revealing a net income of $3.9 million, or $(0.05) per diluted share, compared to a net income of $3.9 million, or $(0.02) per diluted share, for the same period in 2024. The company’s total revenue for the quarter was $17.8 million, which includes net interest income of $17.8 million, up from $16.4 million in the prior year. The increase in interest income was primarily driven by higher interest rates and an expanded investment portfolio, which included significant purchases of residential mortgage loans and non-agency RMBS.
Compared to the previous fiscal period, MITT's total assets increased to $7.46 billion as of June 30, 2025, up from $6.91 billion at the end of 2024. The company’s liabilities also rose, totaling $6.93 billion, compared to $6.37 billion at the end of the previous year. The increase in total assets was largely attributed to the acquisition of Western Asset Mortgage Capital Corporation in December 2023, which expanded MITT's portfolio of residential mortgage loans and real estate-related securities.
Operationally, MITT's investment strategy remains focused on acquiring and securitizing newly originated residential mortgage loans, with a particular emphasis on non-agency loans. As of June 30, 2025, the company reported a weighted average yield on its investment portfolio of 6.01%, reflecting a slight increase from 5.98% in the previous quarter. The company also noted a significant increase in its financing arrangements, which totaled $843.5 million, up from $742.1 million at the end of 2024. This increase was driven by the issuance of securitized debt and senior unsecured notes.
Looking ahead, MITT expressed cautious optimism regarding its financial outlook, emphasizing the importance of maintaining liquidity and managing interest rate risk. The company reported a liquidity position of $100.2 million, which includes cash and cash equivalents. MITT plans to continue leveraging its investment strategy while navigating the challenges posed by fluctuating interest rates and market conditions. The company also announced a quarterly dividend of $0.21 per common share, reflecting a 5% increase from the previous quarter, indicating its commitment to returning value to shareholders.
About AG Mortgage Investment Trust, Inc.
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