Company Quick10K Filing
AG Mortgage Investment Trust
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 33 $529
10-Q 2019-11-05 Quarter: 2019-09-30
10-Q 2019-08-06 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-01 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-03-01 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-06 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-11-05 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-06 Annual: 2012-12-31
10-Q 2012-11-14 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-15 Quarter: 2012-03-31
10-K 2012-03-19 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
8-K 2019-12-19 Officers
8-K 2019-11-04 Earnings, Officers, Exhibits
8-K 2019-11-04 Enter Agreement
8-K 2019-09-16 Enter Agreement, Shareholder Rights, Amend Bylaw, Exhibits
8-K 2019-08-05 Earnings, Exhibits
8-K 2019-05-02 Earnings, Exhibits
8-K 2019-05-02 Shareholder Vote
8-K 2019-02-26 Earnings, Exhibits
8-K 2019-02-14 Enter Agreement, Exhibits
8-K 2019-02-11 Earnings
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-09-05 Enter Agreement, Regulation FD, Exhibits
8-K 2018-08-06 Earnings, Exhibits
8-K 2018-06-20 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-22 Other Events, Exhibits
8-K 2018-05-02 Shareholder Vote
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-03-15 Officers
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-08 Officers, Regulation FD, Exhibits

AG Mortgage Investment Trust Financials

MITT Metrics, Comps, Filings

Annual | Quarterly

Business

AG Mortgage Investment Trust, Inc. ("we," "us," "the Company" or "our") was incorporated in Maryland on March 1, 2011 and commenced operations in July 2011 after the successful completion of our initial public offering. We are a hybrid mortgage REIT that opportunistically invests in a diversified risk-adjusted portfolio of Agency RMBS, Credit Investments and Single-Family Rental Properties. Our Credit Investments include our Residential Investments, Commercial Investments, and ABS Investments. We conduct our business through the following segments: (i) Securities and Loans and (ii) Single-Family Rental Properties.

We conduct our operations to qualify and be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes. Accordingly, we generally will not be subject to U.S. federal income taxes on our taxable income that we distribute currently to our stockholders as long as we maintain our intended qualification as a REIT. We also operate our business in a manner that permits us to maintain our exemption from registration under the Investment Company Act of 1940, as amended, or the Investment Company Act. Our common stock is traded on the New York Stock Exchange, or the NYSE, under the ticker symbol MITT. Our 8.25% Series A Cumulative Redeemable Preferred Stock and our 8.00% Series B Cumulative Redeemable Preferred Stock trade on the NYSE under the ticker symbols MITT-PA and MITT-PB, respectively.

We are externally managed and advised by AG REIT Management, LLC (our "Manager"), a subsidiary of Angelo, Gordon & Co., L.P. ("Angelo Gordon"). Pursuant to the terms of our management agreement with AG REIT Management, LLC, our Manager provides us with our management team, including our officers, along with appropriate support personnel. All of our officers are employees of Angelo Gordon or its affiliates. We do not have any employees. Our Manager is at all times subject to the supervision and oversight of our Board of Directors and has only such functions and authority as our Board of Directors delegates to it. Our Manager, pursuant to a delegation agreement dated as of June 29, 2011, has delegated to Angelo Gordon the overall responsibility with respect to our Manager's day-to-day duties and obligations arising under our management agreement.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pep Boys Manny Moe & Jack (PBY) 885 23% 16.0 0% 1,492 945 2,079 479 0 63 1,008
Amneal Pharmaceuticals (AMRX) 878 32% -63.2 -3% 4,262 3,513 1,825 582 -133 -55 3,462
Crimson Exploration (GULF) 782 0% 12.0 0% 371 294 120 0 0 85 1,012
Dusa Pharmaceuticals (DUSA) 551 85% 121.8 9% 42 11 54 46 4 4 522
AG Mortgage Investment Trust (MITT) 529 3.4 1% 3,798 3,067 0 0 33 127 436
Digital River (DRIV) 470 81% 9.2 0% 734 378 386 312 0 26 236
Pinnacle Foods (CIK) 378 29% 3.3 9% 6,435 4,004 3,154 911 604 930 3,055
Cellect Biotechnology (APOP) 346 0% 21 0 0 0 0 345
Fly Leasing (FLY) 344 0% -9.7 -0% 4,226 3,524 454 0 -7 -7 63
Synlogic (SYBX) 283 0% -3.3 -22% 215 34 3 0 -48 -46 154
Fronteo (FTEO) 280 0% 13,843 8,825 0 0 0 0 -282
Integrated Biopharma (INB) 262 12% 88.7 9% 20 18 50 6 2 3 271
First California Financial Group (FCAL) 248 6.4 0% 1,737 1,504 0 0 7 31 198
Pingtan Marine Enterprise (PME) 190 38% 15.9 5% 362 207 84 32 17 20 312
Alliance Healthcare Services (AIQ) 146 43% 6.1 3% 654 663 524 226 18 109 666
Sterling Real Estate Trust (SRET) 135 12% 12.1 3% 701 419 119 15 20 42 509
Meridian (MRBK) 115 2.8 1% 1,056 942 0 0 9 30 85
All Soft Gels (ASG) 112 71% -81.5 -2,619% 0 1 0 0 -1 -1 112
Newtek Business Services (NEWT) 102 50% 14.4 1% 203 120 38 19 3 7 98
AquaBounty Technologies (AQB) 61 14% -5.2 -32% 37 7 0 0 -12 -11 56

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash39863432273853
Accounts Receivable96040
Inventory
PP&E139
Assets1,3944,8563,6853,4583,1642,6293,7893,549
Accounts Payable
Long-Term Debt752210293
Liabilities1,1884,0612,9802,7262,4971,9733,0752,893
Stockholders' Equity206795704733667656714656
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax2522221
Net Income135-3210914641192
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating1151319487677978
Cash Investing-3,463909327314541-1,167161
Cash Financing3,462-1,103-442-419-6011,051-208