- BySeeking Alpha-
AG Mortgage Investment Trust Pfd Shs (MITT.PC) declares $0.50/share quarterly dividend, in line with previous.Forward yield 8.54%
AG Mortgage Investment Trust (MITT): Q1 Non-GAAP EPS of $0.08; GAAP EPS of $0.91.Total net interest income of $8.06M (-60.3% Y/Y) misses by $2.14M.Press Release
AG Mortgage Investment Trust, Inc., a real estate investment trust, invests in a portfolio of residential mortgage-backed securities and credit investments in the United States. Its investment portfolio includes residential investments, including re/non-performing loans, non-qualifying mortgages loans, and land related financing; and commercial investments, such as commercial mortgage-backed securities (CMBS), interest only securities, and CMBS interest-only and principal-only securities, as well as commercial real estate loans secured by commercial real property, including mortgages and mezzanine loans for construction or redevelopment of a properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2011 and is based in New York, New York.