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1. Company Snapshot

1.a. Company Description

AG 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.

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1.b. Last Insights on MITT

AG Mortgage Investment Trust, Inc.'s recent performance was positively driven by a 9.5% increase in quarterly common dividend to $0.23 per share, reflecting a growth in profitability. The company's disciplined, programmatic securitization approach yielded strong performance throughout 2025, with 10 securitizations executed. A decrease in short interest by 24.8% in January also indicates improved market sentiment. Additionally, the company's tax treatment of 2025 distributions provides clarity for stockholders. Despite missing Q4 earnings estimates, management's remarks highlight the success of their strategy.

1.c. Company Highlights

2. TPG Mortgage Investment Trust's Strong 2025 Performance

TPG Mortgage Investment Trust Inc reported a robust financial performance for the fourth quarter and full-year 2025, showcasing the company's ability to navigate a challenging macroeconomic environment. The company's Economic Available for Distribution (EAD) for the fourth quarter was $0.25, exceeding the most recently declared dividend of $0.23. For the full year 2025, the company delivered a 6.5% economic return on equity, and the total return to shareholders, including dividends and stock price appreciation, was 42%. The actual EPS for the quarter came in at $0.25, beating analyst estimates of $0.2432.

Publication Date: Mar -02

📋 Highlights
  • Book Value Stability & Dividend Coverage:: Book value remained stable at $10.48 (up from $10.46), with EAD of $0.25 covering the $0.23 declared dividend in Q4 2025.
  • Dividend Growth & Shareholder Returns:: Dividend increased by 21% annually (3x raises) and 9.5% in Q4, contributing to a 42% total shareholder return (dividends + stock price appreciation) in 2025.
  • Securitization Activity:: Executed $1.3 billion in residential mortgage securitizations in Q4 and $4.2 billion annually in 2025, including $2.4 billion in home equity transactions.
  • ROE & CRE Loan Outlook:: Current CRE loan ROE at -6% due to non-accrual status, but potential to convert to 15–20% ROE, adding $0.20 annually to earnings.

Revenue Growth and Profitability

The company's revenue growth is expected to continue, with analysts estimating a 9.0% growth next year. The strong performance in 2025 was driven by the company's active fourth quarter, with significant progress in rotating equity into core strategies, growing the investment portfolio, and scaling the profitability of its portfolio company Arc Home. As Nick Smith, Chief Investment Officer, noted, "We made significant progress in rotating equity into our core strategies, growing the investment portfolio, and scaling profitability of our portfolio company Arc Home."

Valuation Metrics

To understand what's priced into the stock, we can look at various valuation metrics. The company's P/B Ratio is 0.45, and the Dividend Yield is 10.51%. The ROE is 8.85%, indicating a relatively healthy return on equity. With a Net Debt / EBITDA ratio of 17.63, the company's leverage is notable, but its ability to generate earnings available for distribution has been strong. Given the financial sector's specific valuation metrics, the Price-to-Tangible Book Value is an essential metric to consider, although not directly available, the P/B ratio gives a good indication.

Business Outlook

The company's outlook for 2026 appears positive, with Arc Home continuing to gain market share and healthy margins driven by a favorable yield curve and tighter credit spreads. The company's focus on investing in home equity and agency-eligible credits is expected to continue, with a decent amount of dry powder available for securitizations. As the company continues to execute its strategy, its financial performance is likely to remain strong, driven by its core business and the growth of Arc Home.

3. NewsRoom

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Buy Any Of March's 5 Ideal 'Safer' Dividend Power Dogs

Mar -05

Source: seekingalpha.com

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AG Mortgage Investment Trust (NYSE:MITT) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Feb -28

Source: defenseworld.net

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TPG Mortgage Investment Trust (MITT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Feb -25

Source: zacks.com

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Down 10.0% in 4 Weeks, Here's Why You Should You Buy the Dip in TPG Mortgage Investment Trust (MITT)

Feb -24

Source: zacks.com

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Mortgage Rates Drop to Lowest in Over 3 years: 3 mREIT Stocks to Watch

Feb -23

Source: zacks.com

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Franklin BSP Realty Trust (NYSE:FBRT) and AG Mortgage Investment Trust (NYSE:MITT) Critical Survey

Feb -20

Source: defenseworld.net

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TPG Mortgage Investment Trust, Inc. (MITT) Q4 2025 Earnings Call Transcript

Feb -17

Source: seekingalpha.com

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TPG Mortgage Investment Trust (MITT) Q4 Earnings and Revenues Lag Estimates

Feb -17

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (5.00%)

6. Segments

Real Estate Investment Trust

Expected Growth: 5.0%

AG Mortgage Investment Trust, Inc.'s 5.0% growth in Real Estate Investment Trust (REIT) is driven by increasing demand for mortgage-backed securities, diversification of investment portfolio, and strategic acquisitions. Additionally, the company's focus on residential mortgage investments and hedging strategies have contributed to its growth.

7. Detailed Products

Residential Mortgage Investments

AG Mortgage Investment Trust, Inc. invests in residential mortgage-backed securities (RMBS) and other residential mortgage-related assets.

Commercial Mortgage Investments

The company invests in commercial mortgage-backed securities (CMBS) and other commercial mortgage-related assets.

Non-Agency Residential Mortgage Investments

AG Mortgage Investment Trust, Inc. invests in non-agency residential mortgage-backed securities and other non-agency residential mortgage-related assets.

Agency Residential Mortgage Investments

The company invests in agency residential mortgage-backed securities and other agency residential mortgage-related assets.

Mortgage Servicing Rights

AG Mortgage Investment Trust, Inc. acquires and manages mortgage servicing rights (MSRs) for residential mortgages.

8. AG Mortgage Investment Trust, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for AG Mortgage Investment Trust, Inc. is medium. While there are alternative investment options available, the company's focus on mortgage investments provides a unique value proposition that differentiates it from other investment options.

Bargaining Power Of Customers

The bargaining power of customers for AG Mortgage Investment Trust, Inc. is low. As a mortgage investment trust, the company's customers are primarily institutional investors who have limited bargaining power.

Bargaining Power Of Suppliers

The bargaining power of suppliers for AG Mortgage Investment Trust, Inc. is medium. While the company relies on a limited number of suppliers for mortgage investments, it has some flexibility to negotiate prices and terms.

Threat Of New Entrants

The threat of new entrants for AG Mortgage Investment Trust, Inc. is high. The mortgage investment trust industry is relatively easy to enter, and new entrants could potentially disrupt the market.

Intensity Of Rivalry

The intensity of rivalry for AG Mortgage Investment Trust, Inc. is high. The mortgage investment trust industry is highly competitive, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 91.33%
Debt Cost 3.95%
Equity Weight 8.67%
Equity Cost 13.90%
WACC 4.81%
Leverage 1053.14%

11. Quality Control: AG Mortgage Investment Trust, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
AG Mortgage Investment Trust

A-Score: 7.0/10

Value: 7.8

Growth: 3.2

Quality: 5.5

Yield: 10.0

Momentum: 7.5

Volatility: 7.7

1-Year Total Return ->

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Angel Oak Mortgage

A-Score: 6.8/10

Value: 7.1

Growth: 6.8

Quality: 6.1

Yield: 10.0

Momentum: 4.0

Volatility: 7.0

1-Year Total Return ->

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Franklin BSP Realty Trust

A-Score: 6.7/10

Value: 6.6

Growth: 6.8

Quality: 4.5

Yield: 10.0

Momentum: 3.0

Volatility: 9.3

1-Year Total Return ->

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PennyMac Mortgage Trust

A-Score: 6.6/10

Value: 8.7

Growth: 2.4

Quality: 5.3

Yield: 10.0

Momentum: 5.0

Volatility: 8.3

1-Year Total Return ->

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Lument Finance Trust

A-Score: 5.6/10

Value: 8.4

Growth: 3.3

Quality: 5.8

Yield: 10.0

Momentum: 1.0

Volatility: 5.0

1-Year Total Return ->

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Sachem Capital

A-Score: 4.8/10

Value: 7.8

Growth: 4.0

Quality: 2.8

Yield: 10.0

Momentum: 0.5

Volatility: 3.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

7.89$

Current Price

7.89$

Potential

-0.00%

Expected Cash-Flows