AG Mortgage Investment Trust reported its third‑quarter 2025 financial results, posting net income of $14.6 million, or $0.47 per diluted share, and earnings available for distribution of $7.1 million, or $0.23 per share.
Revenue for the quarter was $19.9 million, slightly below the $20.0 million estimate, while net interest income reached $20.2 million. The company’s book value per share increased 0.7% to $10.46, up from $10.39 at the end of Q2 2025.
The company declared a dividend of $0.21 per common share for the quarter, supported by the earnings. Economic return on equity was 2.7%, down from 3.9% in Q3 2024.
Management highlighted that the quarter was the most active and successful to date, driven by core portfolio performance and operational efficiencies. The company plans to deploy capital from maturing commercial loans and refinance high‑cost debt, expecting a lift to future earnings available for distribution.
A key development was the expansion of AG Mortgage’s ownership in Arc Home to approximately 66%. The additional 21.4% stake was acquired on August 1 2025, through the issuance of 2,027,676 restricted shares of common stock. The move strengthens the company’s vertically integrated model and positions it to capture higher‑return home‑equity lending opportunities.
The company’s prior quarter (Q2 2025) reported a book value per share of $10.39, a net loss of $0.05 per diluted share, and earnings available for distribution of $0.18 per share. In Q3 2024, book value per share was $10.58, net income of $0.40 per diluted share, and earnings available for distribution of $0.17 per share.
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