Ag Mortgage Investment Trust, Inc. - Understand $mitt stock

$MITT Market Cap: $203.6 Million

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Financial Snapshot

Revenue

$380.4M

TTM

Gross Margin

13.18%

TTM

Net Earnings

$72.22M

TTM

Current Assets

$102.5M

Q3 2024

Current Liabilities

$795.1M

Q3 2024

Current Ratio

12.9%

Q3 2024

Total Assets

$6.960B

Q3 2024

Total Liabilities

$6.420B

Q3 2024

Book Value

$540.1M

Q3 2024

Cash

$102.5M

Q3 2024

P/E

2.819

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$260.3M	$180.3M	$70.66M	$74.50M	$171.7M	$4.091M	$0.00	$0.00	$141.3M	$141.6M	$151.0M	$96.40M	$18.70M
YoY Change	44.38%	155.16%	-5.15%	-56.61%	4097.02%			-100.0%	-0.21%	-6.23%	56.64%	415.51%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$260.3M	$180.3M	$70.66M	$74.50M	$171.7M	$4.091M	$0.00	$0.00	$141.3M	$141.6M	$151.0M	$96.40M	$18.70M
Cost Of Revenue	$224.6M	$131.0M	$37.25M	$46.40M	$101.6M	$80.50M	$53.80M	$44.00M	$41.80M	$37.10M	$36.20M	$21.40M	$3.200M
Gross Profit	$35.68M	$49.26M	$33.41M	$28.20M	$70.10M	$76.00M	$75.10M	$79.00M	$99.50M	$104.5M	$114.8M	$75.00M	$15.50M
Gross Profit Margin	13.71%	27.32%	47.28%	37.85%	40.83%	1857.74%			70.42%	73.8%	76.03%	77.8%	82.89%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin			$0.00	-$700.0K	$900.0K	$1.700M	$1.800M	$1.800M	$1.700M	$2.100M	$1.700M	$2.100M	$300.0K
YoY Change			-100.0%	-177.78%	-47.06%	-5.56%	0.0%	5.88%	-19.05%	23.53%	-19.05%	600.0%
% of Gross Profit			0.0%	-2.48%	1.28%	2.24%	2.4%	2.28%	1.71%	2.01%	1.48%	2.8%	1.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization						$2.336M	$0.00	$0.00
YoY Change
% of Gross Profit						3.07%	0.0%	0.0%
Operating Expenses	$15.45M	$14.46M	$13.32M	$13.80M	$18.30M	$16.40M	$12.70M	$11.70M	$14.10M	$13.90M	$12.60M	$7.600M	$1.900M
YoY Change	6.83%	8.56%	-3.48%	-24.59%	11.59%	29.13%	8.55%	-17.02%	1.44%	10.32%	65.79%	300.0%
Operating Profit	$20.23M	$34.80M	$20.09M	$14.40M	$51.80M	$59.60M	$62.40M	$67.30M	$85.40M	$90.60M	$102.2M	$67.40M	$13.60M
YoY Change	-41.86%	73.22%	39.51%	-72.2%	-13.09%	-4.49%	-7.28%	-21.19%	-5.74%	-11.35%	51.63%	395.59%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$212.5M	$118.9M	$27.25M	$36.95M	$90.11M	$70.50M	$43.72M	$33.79M	$31.23M	$26.50M	$25.55M	$15.01M	$5.300M
YoY Change	78.69%	336.4%	-26.24%	-59.0%	27.81%	61.25%	29.41%	8.18%	17.86%	3.69%	70.24%	183.22%
% of Operating Profit	1050.26%	341.73%	135.64%	256.56%	173.95%	118.29%	70.07%	50.2%	36.57%	29.25%	25.0%	22.27%	38.97%
Other Income/Expense, Net	$46.02M	-$61.17M	$59.57M	-$424.1M	$39.10M	-$71.46M	$43.65M	-$4.741M	-$74.96M	$15.13M	-$133.0M	$67.57M
YoY Change	-175.23%	-202.68%	-114.05%	-1184.47%	-154.72%	-263.72%	-1020.65%	-93.68%	-595.3%	-111.38%	-296.79%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$55.17M	-$42.84M	$72.30M	-$420.0M	$89.69M	-$12.09M	$105.9M	$62.16M	$10.42M	$105.6M	-$30.80M	$134.9M	$19.00M
YoY Change	-228.78%	-159.26%	-117.22%	-568.21%	-841.95%	-111.41%	70.41%	496.57%	-90.14%	-442.95%	-122.83%	610.19%
Income Tax	$250.0K	$200.0K	$0.00					$0.00	$0.00	-$79.91K	$3.042M	$0.00	$0.00
% Of Pretax Income	0.45%		0.0%					0.0%	0.0%	-0.08%		0.0%	0.0%
Net Earnings	$53.78M	-$53.10M	$104.2M	-$420.9M	$92.92M	$1.568M	$118.6M	$63.68M	$13.82M	$109.4M	-$31.58M	$134.9M	$19.00M
YoY Change	-201.29%	-150.97%	-124.75%	-552.98%	5826.15%	-98.68%	86.17%	360.85%	-87.37%	-446.42%	-123.4%	610.19%
Net Earnings / Revenue	20.66%	-29.45%	147.44%	-564.99%	54.12%	38.33%			9.78%	77.26%	-20.91%	139.98%	101.6%
Basic Earnings Per Share	$1.68	-$3.12	$5.29	-$36.73	$2.39	-$0.42	$3.77	$1.80	$0.01	$3.38	-$1.61	$7.20
Diluted Earnings Per Share	$1.68	-$3.12	$5.29	-$36.73	$2.39	-$0.42	$3.77	$1.80	$0.01	$3.37	-$1.61	$7.18	$3.220M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$111.5M	$84.62M	$68.08M	$47.90M	$81.70M	$31.60M	$15.20M	$52.50M	$46.30M	$64.40M	$86.20M	$149.6M	$35.90M
YoY Change	31.8%	24.3%	42.13%	-41.37%	158.54%	107.89%	-71.05%	13.39%	-28.11%	-25.29%	-42.38%	316.71%
Cash & Equivalents	$111.5M	$84.62M	$68.08M	$47.90M	$81.70M	$31.60M	$15.20M	$52.50M	$46.30M	$64.40M	$86.20M	$149.6M	$35.90M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$249.0K	$801.0K	$1.887M	$900.0K	$1.700M	$600.0K	$900.0K	$4.600M	$24.90M	$4.600M	$1.400M	$97.20M	$400.0K
Other Receivables	$30.32M	$20.59M	$14.26M	$3.000M	$13.50M	$24.20M	$37.20M	$31.20M	$11.20M	$11.90M	$39.50M	$17.90M	$4.300M
Total Short-Term Assets	$142.1M	$106.0M	$84.23M	$51.80M	$96.90M	$56.40M	$53.30M	$88.30M	$82.40M	$80.90M	$127.1M	$264.7M	$40.60M
YoY Change	34.04%	25.87%	62.6%	-46.54%	71.81%	5.82%	-39.64%	7.16%	1.85%	-36.35%	-51.98%	551.97%
Property, Plant & Equipment						$138.7M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$5.576B	$3.822B	$1.765B	$767.4M	$3.624B	$3.008B	$3.617B	$2.406B	$2.902B	$3.163B	$3.498B	$4.581B	$1.349B
YoY Change	45.9%	116.59%	129.95%	-78.82%	20.49%	-16.85%	50.33%	-17.08%	-8.26%	-9.56%	-23.65%	239.63%
Other Assets	$14.04M	$14.18M	$32.15M	$14.40M	$43.80M	$52.80M	$37.60M	$26.60M	$32.20M	$34.50M	$3.600M	$9.100M	$3.000M
YoY Change	-1.01%	-55.89%	123.26%	-67.12%	-17.05%	40.43%	41.35%	-17.39%	-6.67%	858.33%	-60.44%	203.33%
Total Long-Term Assets	$5.984B	$4.264B	$3.278B	$1.348B	$4.251B	$3.493B	$3.736B	$2.540B	$3.082B	$3.378B	$3.558B	$4.591B	$1.354B
YoY Change	40.35%	30.05%	143.18%	-68.28%	21.72%	-6.52%	47.07%	-17.57%	-8.76%	-5.06%	-22.51%	239.16%
Total Assets	$6.126B	$4.370B	$3.363B	$1.400B	$4.348B	$3.549B	$3.789B	$2.629B	$3.164B	$3.458B	$3.685B	$4.856B	$1.394B
YoY Change
Accounts Payable	$3.448M	$3.659M	$5.183M	$66.40M	$6.300M	$11.80M	$8.400M	$5.200M	$8.300M	$8.900M	$35.20M	$88.60M	$19.90M
YoY Change	-5.77%	-29.4%	-92.19%	953.97%	-46.61%	40.48%	61.54%	-37.35%	-6.74%	-74.72%	-60.27%	345.23%
Accrued Expenses	$28.59M	$15.93M	$5.094M	$3.400M	$17.10M	$20.10M	$6.000M	$3.600M	$4.800M	$4.700M	$5.200M	$6.000M	$1.300M
YoY Change	79.52%	212.62%	49.82%	-80.12%	-14.93%	235.0%	66.67%	-25.0%	2.13%	-9.62%	-13.33%	361.54%
Deferred Revenue
YoY Change
Short-Term Debt	$767.6M	$621.2M	$1.778B	$407.4M	$3.234B	$2.823B	$3.004B	$1.901B	$2.432B	$2.645B	$2.892B	$3.911B	$1.150B
YoY Change	23.57%	-65.06%	336.36%	-87.4%	14.56%	-6.05%	58.08%	-21.85%	-8.06%	-8.53%	-26.07%	240.09%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$801.1M	$644.6M	$1.793B	$478.4M	$3.272B	$2.882B	$3.058B	$1.948B	$2.460B	$2.677B	$2.978B	$4.025B	$1.178B
YoY Change	24.28%	-64.05%	274.8%	-85.38%	13.55%	-5.77%	56.96%	-20.81%	-8.11%	-10.09%	-26.0%	241.55%
Long-Term Debt	$4.797B	$3.262B	$999.2M	$511.8M	$224.3M	$10.90M	$16.50M	$21.50M	$30.00M	$39.80M	$0.00	$0.00	$0.00
YoY Change	47.04%	226.49%	95.24%	128.18%	1957.8%	-33.94%	-23.26%	-28.33%	-24.62%
Other Long-Term Liabilities	$70.00K	$9.000K	$92.00K	$100.0K	$2.000M	$300.0K	$500.0K	$2.900M	$6.900M	$8.600M	$2.200M	$36.40M	$9.600M
YoY Change	677.78%	-90.22%	-8.0%	-95.0%	566.67%	-40.0%	-82.76%	-57.97%	-19.77%	290.91%	-93.96%	279.17%
Total Long-Term Liabilities	$4.797B	$3.262B	$999.3M	$511.9M	$226.3M	$11.20M	$17.00M	$24.40M	$36.90M	$48.40M	$2.200M	$36.40M	$9.600M
YoY Change	47.04%	226.46%	95.22%	126.2%	1920.54%	-34.12%	-30.33%	-33.88%	-23.76%	2100.0%	-93.96%	279.17%
Total Liabilities	$5.598B	$3.907B	$2.792B	$990.3M	$3.499B	$2.893B	$3.075B	$1.973B	$2.497B	$2.726B	$2.980B	$4.061B	$1.188B
YoY Change	43.28%	39.92%	181.97%	-71.7%	20.94%	-5.92%	55.87%	-21.0%	-8.39%	-8.54%	-26.61%	241.86%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	21.10M shares	22.89M shares	16.23M shares	11.73M shares	32.19M shares	28.39M shares	27.87M shares	27.95M shares	28.40M shares	28.38M shares	28.02M shares	18.17M shares
Diluted Shares Outstanding	21.10M shares	22.89M shares	16.23M shares	11.73M shares	32.20M shares	28.39M shares	27.88M shares	27.95M shares	28.41M shares	28.42M shares	28.02M shares	18.23M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $203.62 Million

About AG Mortgage Investment Trust, Inc.

AG Mortgage Investment Trust, Inc. is a real estate investment trust, which focuses on investing, acquiring, and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets. The company is headquartered in New York City, New York. The company went IPO on 2011-06-30. The firm focuses its investment activities primarily on acquiring and securitizing newly-originated residential mortgage loans within the non-agency segment of the housing market. The firm obtains its assets through Arc Home, LLC, its residential mortgage loan originator, and through other third-party origination partners. Its investment portfolio (which excludes its ownership in Arc Home) includes residential investments and agency residential mortgage-backed securities (RMBS). Its residential investments consist of newly originated non-agency loans and agency-eligible loans. Its agency RMBS represent interests in pools of residential mortgage loans guaranteed by a government-sponsored enterprise (GSE). Its manager is AG REIT Management, LLC.

Industry: Real Estate Investment Trusts Peers: ACRES Commercial Realty Corp. ANNALY CAPITAL MANAGEMENT INC Arlington Asset Investment Corp. Cherry Hill Mortgage Investment Corp Ellington Credit Co Lument Finance Trust, Inc. Rithm Property Trust Inc. Seven Hills Realty Trust Sachem Capital Corp.