AG Mortgage Investment Trust, Inc. (MITT) reported its financial results for the third quarter of 2025, showcasing a net income of $19.96 million, or $0.47 per diluted share, compared to $16.64 million, or $0.40 per diluted share, in the same period last year. The company’s total revenue for the quarter reached $30.21 million, up from $26.04 million in the prior year, driven by an increase in interest income, which rose to $124.71 million from $107.46 million. The net interest income also improved, totaling $19.48 million, a 30% increase from $14.95 million in Q3 2024.
The company experienced significant growth in its asset base, with total assets increasing to $8.98 billion as of September 30, 2025, compared to $6.91 billion at the end of 2024. This growth was primarily attributed to the acquisition of Western Asset Mortgage Capital Corporation (WMC) in December 2023, which expanded MITT's portfolio of residential mortgage loans and real estate securities. The company also reported a rise in its stockholders' equity to $559.84 million, up from $543.42 million at the end of the previous fiscal year.
Operationally, MITT's investment strategy focused on acquiring and securitizing newly originated residential mortgage loans, with a notable increase in the volume of loans purchased during the quarter. The company reported $1.72 billion in investment purchases, including $888.61 million in Agency-Eligible Loans and $830.88 million in Home Equity Loans. The company’s leverage ratio stood at 14.9x, reflecting its strategy to utilize leverage to enhance returns while managing associated risks.
Looking ahead, MITT expressed optimism about its ability to navigate the current economic landscape, which includes fluctuating interest rates and evolving market conditions. The company plans to continue leveraging its relationship with TPG Angelo Gordon to identify and capitalize on investment opportunities in the residential mortgage market. Additionally, MITT aims to maintain its qualification as a Real Estate Investment Trust (REIT) and adhere to its distribution requirements, which are crucial for its tax-exempt status. The company declared a dividend of $0.21 per common share for the third quarter, consistent with its commitment to return value to shareholders.
About AG Mortgage Investment Trust, Inc.
AG Mortgage Investment Trust, Inc. is a residential mortgage REIT focused on investing in a diversified portfolio of residential mortgage-related assets in the U.S. market. Key offerings include newly-originated non-agency loans and securitized mortgage-backed securities. With a strategic acquisition of Western Asset Mortgage Capital Corporation, MITT aims to enhance its investment portfolio. Targeting attractive risk-adjusted returns, the company leverages its partnership with Arc Home for mortgage origination and servicing.
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