AG Mortgage Investment Trust reported a 2% economic return on equity for the first quarter ended March 31, 2025, with consistent book value. Net income for the quarter was $6.173 million, or $0.21 per diluted share, and Earnings Available for Distribution (EAD) was $0.20 per diluted share. This EAD figure covered the newly increased common dividend of $0.20 per share.
The company's investment portfolio expanded to $7.3 billion, up from $6.9 billion in the previous quarter. This growth was supported by strategic capital deployment, including a partnership for a $500 million home equity securitization and the acquisition of an additional $130 million in home equity loans during the quarter.
Arc Home, MITT's vertically integrated mortgage originator, maintained a breakeven contribution to EAD in Q1 2025. The economic leverage ratio increased to 1.6x from 1.4x in Q4 2024. Additionally, board members Peter Linneman and Lisa G. Quateman did not stand for re-election at the annual stockholders' meeting on May 5, 2025.
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.