AG Mortgage Investment Trust reported a strong full year 2024, achieving an 11.7% economic return on equity. Earnings Available for Distribution (EAD) for the full year was $0.76 per diluted share, which covered the $0.75 common dividend declared. This demonstrates the company's ability to generate stable returns.
For the fourth quarter ended December 31, 2024, MITT delivered a 2.4% quarterly economic return on equity and increased its book value per share to $10.60 from $10.58 in the prior quarter. Net income for Q4 2024 was $8.817 million, or $0.30 per share, with EAD at $0.18 per diluted share.
The company's investment portfolio grew to $6.9 billion, and its economic leverage ratio further decreased to 1.4x from 1.5x. A significant operational milestone was achieved as Arc Home, MITT's strategic affiliate, reached profitability in December 2024 and January 2025, indicating positive momentum for future earnings contributions.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.