AG Mortgage Investment TrustNYSE: MITT

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended September 30, 2024. MANAGEMENT REMARKS “MITT delivered yet another strong quarter as we continue to execute the core business strategy of originating and securitizing residential whole loans, with MITT generating an economic return on equity of 3.9% for the quarter,” said T.J. Durkin, Chief Executive Officer and President. “Wit.

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Corporate Participants Jenny Neslin - General Counsel T.J. Durkin - President and Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Doug Harter - UBS Bose George - KBW Trevor Cranston - Citizens JMP Brad Capuzzi - Piper Sandler Eric Hagen - BTIG Operator Good day and thank you for standing by.

AG Mortgage Investment Trust is a mREIT with a focus on non-agency mortgage loans. The preferred dividends have been well covered by net income both in Q1 2024 and over the past year. Coverage by market capitalization is less robust if you take preferred shares at par value, but sufficient if you account for the discount the three preferred issues trade at.

AG Mortgage Investment Trust issued two 9.500% Senior Notes due in 2029 with Call protection into 2026. After a brief review of the Issuer, both bonds are reviewed and compared. The low coverage ratio is a concern, at least to my conservative investing nature. Both Notes get a Hold rating. For investors willing to accept more risk, MITT also has three preferred stocks to pick from, two yielding over 10%.

We take a look at the action in preferreds and baby bonds through the fourth week of May and highlight some of the key themes we are watching. Preferreds were mostly down on the week, however, remain largely in the green month-to-date. Recent senior security issuance has been steady for a number of reasons.

AG Mortgage Investment Trust, Inc. (NYSE: MITT) Q1 2024 Earnings Conference Call on May 3, 2024 at 8:30 AM ET with company representatives including Jenny Neslin, T.J. Durkin, Nick Smith, and Anthony Rossiello. Participants on the call included Doug Harter, Jason Weaver, Bose George, Eric Hagen. Operator thanked everyone for joining.

AG Mortgage Investment Trust, Inc. (NYSE:MITT ) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Corporate Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rosiello - Chief Financial Officer Conference Call Participants Trevor Cranston - JMP Securities Bose George - KBW Matthew Erdner - JonesTrading Operator Good day and thank you for standing by.

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that it will release third quarter 2023 financial results after market close on Tuesday, November 7, 2023. The Company will host a conference call to discuss the results on Tuesday, November 7, 2023, at 5:00 p.m. Eastern Time. To participate in the call by telephone, please dial (800) 579-2543 at least five minutes prior to the start time. International callers should dial (785) 424-1789.

AG Mortgage Investment Trust stock has been in rally mode recently while other mREITs have struggled. AG Mortgage Investment Trust has reported positive income metrics and covered its dividend, indicating stability. The stock is trading at a massive discount, balancing the risk-reward here.