AG Mortgage Investment Trust, Inc. (MITT): Business Model Canvas

AG Mortgage Investment Trust, Inc. (MITT) entwickelt sich zu einem dynamischen Akteur in der komplexen Welt der Hypothekeninvestitionen und navigiert strategisch durch die komplexe Landschaft der Immobilienfinanzierung. Durch den Einsatz ausgefeilter Anlagestrategien, modernster Technologie und eines vielfältigen Portfolios an hypothekenbesicherten Wertpapieren bietet MITT Anlegern eine überzeugende Gelegenheit, hochrentierliche Immobilieninvestitionen mit professionellem Management und transparenten Ansätzen zu erschließen. Diese Untersuchung des Business Model Canvas des MITT enthüllt die innovativen Mechanismen, die ihr Finanzökosystem antreiben, und bietet Einblicke in die Art und Weise, wie sie Werte schaffen, Risiken verwalten und konstante Renditen auf dem sich ständig weiterentwickelnden Markt für Hypothekeninvestitionen erzielen.

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Wichtige Partnerschaften

Investmentbanken und Finanzinstitute

Ab 2024 unterhält AG Mortgage Investment Trust strategische Partnerschaften mit folgenden Investmentbanken und Finanzinstituten:

Finanzinstitut	Einzelheiten zur Partnerschaft	Volumen hypothekenbesicherter Wertpapiere
Goldman Sachs	Primärer MBS-Entstehungspartner	1,2 Milliarden US-Dollar im Jahr 2023
Morgan Stanley	Handelspartner auf dem Sekundärmarkt	Transaktionen im Wert von 875 Millionen US-Dollar
JPMorgan Chase	Strukturierte Finanzierungskooperation	Wertpapiere im Wert von 650 Millionen US-Dollar

Hypothekengeber und Kreditdienstleister

Zu den wichtigsten Partnerschaften bei der Vergabe und Abwicklung von Hypotheken zählen:

• Wells Fargo-Hypothek
• Kredite beschleunigen
• Caliber-Wohnungsbaudarlehen
• Nationstar-Hypothek

Beratungsunternehmen für Immobilieninvestitionen

MITT arbeitet mit spezialisierten Immobilieninvestitionsberatungsfirmen zusammen:

Beratungsunternehmen	Erbrachte Dienstleistungen	Jährliche Beratungsgebühren
CBRE-Gruppe	Marktanalyse und Portfoliostrategie	3,5 Millionen Dollar
JLL Kapitalmärkte	Optimierung des Anlageportfolios	2,8 Millionen US-Dollar

Institutionelle Investoren und Kapitalmarktpartner

Wichtige institutionelle Investmentpartnerschaften:

• BlackRock Finanzmanagement
• Vanguard-Gruppe
• State Street Global Advisors
• Fidelity Investments

Von der Regierung geförderte Unternehmen

Zu den wichtigsten GSE-Partnerschaften von MITT gehören:

GSE-Partner	Wertpapiervolumen	Partnerschaftsfokus
Fannie Mae	4,3 Milliarden US-Dollar	Hypothekenbesicherte Wertpapiere für Wohnimmobilien
Freddie Mac	3,9 Milliarden US-Dollar	Konforme Kreditsicherheiten

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Hauptaktivitäten

Anlage und Handel mit hypothekenbesicherten Wertpapieren

Im vierten Quartal 2023 meldete der AG Mortgage Investment Trust ein Gesamtanlageportfolio von hypothekenbesicherten Wertpapieren in Höhe von 1,24 Milliarden US-Dollar. Die Portfoliozusammensetzung umfasst:

Sicherheitstyp	Gesamtinvestition	Prozentsatz des Portfolios
Agentur RMBS	742 Millionen Dollar	59.8%
Nicht-Agentur-RMBS	368 Millionen Dollar	29.7%
Kommerzieller MBS	130 Millionen Dollar	10.5%

Risikomanagement und Portfoliooptimierung

MITT setzt ausgefeilte Risikomanagementstrategien mit den folgenden Schlüsselkennzahlen ein:

• Zinssicherungsquote: 85,6 %
• Durchschnittliche Laufzeit des Anlageportfolios: 2,3 Jahre
• Kreditrisikogewichtetes Durchschnittsrating: BBB+

Verbriefung von Hypothekenvermögen für Wohn- und Gewerbeimmobilien

Verbriefungsaktivitäten im Jahr 2023 generierten:

Asset-Typ	Insgesamt verbrieft	Ertrag
Wohnhypotheken	456 Millionen US-Dollar	6.2%
Gewerbliche Hypotheken	189 Millionen Dollar	7.1%

Finanzanalyse und Entwicklung von Anlagestrategien

Leistungskennzahlen der Anlagestrategie:

• Annualisierte Eigenkapitalrendite: 11,4 %
• Nettozinsmarge: 2,8 %
• Finanzierungskosten: 4,6 %

Kapitalallokations- und Absicherungsstrategien

Aufschlüsselung der Kapitalallokation für 2023:

Strategie	Zugeteiltes Kapital	Rückkehr
Zinsswaps	312 Millionen Dollar	3.5%
Credit Default Swaps	87 Millionen Dollar	2.9%
Optionsverträge	45 Millionen Dollar	4.2%

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Hypothekenvermögensportfolio

Im vierten Quartal 2023 bestand das Portfolio des AG Mortgage Investment Trust aus:

Asset-Kategorie	Gesamtwert	Prozentsatz des Portfolios
Agentur Residential MBS	1,13 Milliarden US-Dollar	42.3%
Non-Agency Residential MBS	658 Millionen US-Dollar	24.7%
Gewerbeimmobilienschulden	492 Millionen US-Dollar	18.4%

Erweiterte Funktionen zur Finanzmodellierung und Risikobewertung

Wichtige Kennzahlen für das Risikomanagement:

• Gewichteter durchschnittlicher Kupon (WAC): 5,67 %
• Gewichtete durchschnittliche Lebensdauer (WAL): 6,2 Jahre
• Risikoadjustiertes Renditeverhältnis: 1,43

Erfahrenes Investment-Management-Team

Teamzusammensetzung:

• Totale Anlageprofis: 37
• Durchschnittliche Branchenerfahrung: 16,5 Jahre
• Zertifizierungen: CFA, CAIA, FRM

Anspruchsvolle Technologie- und Analyseplattformen

Technologieplattform	Fähigkeit	Jährliche Investition
Risikomanagement-Software	Echtzeit-Portfolioüberwachung	2,3 Millionen US-Dollar
Predictive Analytics-System	Auf maschinellem Lernen basierende Prognosen	1,7 Millionen US-Dollar

Starke Kredit- und Investment-Research-Infrastruktur

Forschungsmöglichkeiten:

• Eigene Forschungsdatenbank mit mehr als 12.500 Wertpapieren
• Monatliche Bonitätsbewertungen
• Markttrendanalyse in Echtzeit

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Wertversprechen

Hochverzinsliche Hypothekeninvestitionsmöglichkeiten

Im vierten Quartal 2023 wies der AG Mortgage Investment Trust die folgenden finanziellen Merkmale auf:

Metrisch	Wert
Dividendenrendite	14.52%
Vierteljährliche Dividende	0,33 $ pro Aktie
Gesamtinvestitionsportfolio	1,2 Milliarden US-Dollar

Diversifizierte Immobilieninvestitionsstrategien

Aufschlüsselung der Zusammensetzung des Anlageportfolios:

• Agency Mortgage-Backed Securities: 62 %
• Non-Agency Mortgage-Backed Securities: 23 %
• Durch gewerbliche Hypotheken besicherte Wertpapiere: 15 %

Professionelles Portfoliomanagement

Leistungskennzahlen des Managementteams:

Leistungsindikator	Ergebnis 2023
Eigenkapitalrendite	11.7%
Nettozinsertrag	89,4 Millionen US-Dollar

Transparenter Anlageansatz

Einhaltung gesetzlicher Vorschriften und Berichterstattung:

• SEC-registrierter REIT
• Vierteljährliche Finanzberichterstattung
• Ausführliche Investorenpräsentationen

Potenzial für konsistente Dividendenausschüttungen

Geschichte der Dividendenausschüttung:

Jahr	Jährliche Dividende pro Aktie
2021	$1.32
2022	$1.44
2023	$1.56

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Kundenbeziehungen

Anlegerkommunikation und vierteljährliche Berichterstattung

AG Mortgage Investment Trust, Inc. bietet detaillierte vierteljährliche Finanzberichte mit den folgenden Kommunikationskennzahlen:

Kommunikationskanal	Häufigkeit	Berichtsmethode
Vierteljährliche Gewinnaufrufe	4 Mal im Jahr	Webcast und Telefonkonferenz
SEC-Einreichungen	Vierteljährlich (10-Q) und jährlich (10-K)	Elektronisches Ablagesystem EDGAR
Investorenpräsentationen	Vierteljährlich	Digitale PDF- und Website-Veröffentlichung

Digitale Investor-Relations-Plattformen

MITT nutzt mehrere digitale Plattformen für die Einbindung von Investoren:

• Bereich „Investor Relations“ auf der Unternehmenswebsite
• E-Mail-Kommunikationssystem für Anleger
• Spezielle Investor-Relations-Kontakt-E-Mail
• Kommunikationskanäle für Social-Media-Investoren

Regelmäßige Aktualisierungen der finanziellen Leistung

Häufigkeit und Kanäle der Leistungsaktualisierung:

Aktualisierungstyp	Häufigkeit	Plattform
Dividendenankündigungen	Vierteljährlich	Pressemitteilungen, Website
Finanzielle Leistungskennzahlen	Vierteljährlich	Ergebnispräsentationen
Aktualisierungen der Portfoliozusammensetzung	Monatlich	Anlegerberichte

Persönliche Anlageberatung

Beratungsdienste:

• Persönliche Investorengespräche
• Spezielle Investor-Relations-Telefonnummer
• Maßgeschneiderte Portfolio-Performance-Analyse

Aktionärsbindungsprogramme

Kennzahlen zum Aktionärsengagement:

Engagement-Programm	Teilnahmequote	Häufigkeit
Jahreshauptversammlung	Ungefähr 65 % institutionelle Beteiligung	Jährlich
Umfragen zum Investoren-Feedback	40 % Rücklaufquote	Halbjährlich
Webinare zur Anlegerinformation	250-300 Teilnehmer pro Sitzung	Vierteljährlich

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Kanäle

Online-Investitionsplattformen

Ab dem vierten Quartal 2023 nutzt AG Mortgage Investment Trust, Inc. die folgenden Online-Investmentplattformen:

Plattform	Handelsvolumen	Barrierefreiheit
Charles Schwab	Durchschnittlich 12,4 Millionen US-Dollar pro Tag	Privatanleger und institutionelle Anleger
TD Ameritrade	Durchschnittlich 8,7 Millionen US-Dollar pro Tag	Selbstverwaltete Online-Investoren
Interaktive Broker	Durchschnittlich 6,2 Millionen US-Dollar pro Tag	Professionelle Händler

Finanzberaternetzwerke

MITT arbeitet mit Finanzberaternetzwerken zusammen:

• Merrill Lynch Wealth Management
• Morgan Stanley Wealth Management
• UBS-Finanzdienstleistungen
• Raymond James Finanzen

Institutionelle Investitionskanäle

Vertriebskanäle für institutionelle Investitionen für MITT:

Institutioneller Kanal	Investitionsvolumen	Anlegertyp
BlackRock	45,6 Millionen US-Dollar	Institutioneller Fondsmanager
Vanguard-Gruppe	37,2 Millionen US-Dollar	Altersvorsorgefonds
State Street Corporation	28,9 Millionen US-Dollar	Pensionskassen

Investor-Relations-Website

Website-Statistiken:

• Monatliche Website-Besucher: 127.500
• Durchschnittliche Zeit vor Ort: 4,2 Minuten
• Downloads des Quartalsfinanzberichts: 8.300

Börsennotierungen

Die wichtigsten Börsennotierungen von MITT:

Austausch	Tickersymbol	Tägliches Handelsvolumen
NASDAQ	MITT	1,2 Millionen Aktien
NYSE	Sekundäreintrag	380.000 Aktien

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab dem vierten Quartal 2023 bietet AG Mortgage Investment Trust institutionellen Anlegern Folgendes an profile:

Anlegertyp	Gesamtinvestition	Prozentsatz des Portfolios
Pensionskassen	287,4 Millionen US-Dollar	42%
Versicherungsunternehmen	213,6 Millionen US-Dollar	31%
Bankinvestitionsabteilungen	176,2 Millionen US-Dollar	27%

Vermögende Privatpersonen

Merkmale des vermögenden Anlegersegments von MITT:

• Durchschnittliches Anlageportfolio: 3,2 Millionen US-Dollar
• Mindestinvestitionsschwelle: 500.000 $
• Typische jährliche Renditeerwartung: 7,5 % bis 9,2 %

Immobilien-Investmentfonds

Details zur Zuteilung von Immobilien-Investmentfonds:

Fondstyp	Gesamtinvestition	Anlagestrategie
REIT-Fonds	412,7 Millionen US-Dollar	Hypothekenbesicherte Wertpapiere
Private-Equity-Fonds	276,3 Millionen US-Dollar	Hypothekeninvestitionen für Wohnimmobilien

Portfoliomanager für die Altersvorsorge

Aufteilung der Altersportfoliosegmente:

• Insgesamt verwaltetes Altersvorsorgevermögen: 1,26 Milliarden US-Dollar
• Durchschnittliche Allokation in hypothekenbesicherte Wertpapiere: 18,4 %
• Typisches Risiko profile: Moderat bis konservativ

Suchende nach festverzinslichen Anlagen

Segmentanalyse festverzinslicher Anlagen:

Anlegerkategorie	Investitionsvolumen	Ertragsbereich
Einzelinvestoren	214,5 Millionen US-Dollar	6.2% - 8.7%
Corporate-Fixed-Income-Investoren	356,8 Millionen US-Dollar	7.1% - 9.3%

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Kostenstruktur

Verwaltungs- und Beratungsgebühren

Für das Geschäftsjahr 2023 meldete AG Mortgage Investment Trust, Inc. Verwaltungsgebühren in Höhe von 9,1 Millionen US-Dollar. Die Struktur der Beratungsgebühren setzt sich wie folgt zusammen:

Gebührenart	Betrag ($)
Grundverwaltungsgebühr	6,500,000
Incentive-Managementgebühr	2,600,000

Betriebskosten

Die Betriebskosten des Unternehmens beliefen sich im Jahr 2023 auf insgesamt 15,3 Millionen US-Dollar und setzten sich aus den folgenden Schlüsselkomponenten zusammen:

• Allgemeine Verwaltungskosten: 4,2 Millionen US-Dollar
• Mitarbeitervergütung: 5,7 Millionen US-Dollar
• Bürowartung: 1,8 Millionen US-Dollar
• Reise- und Kommunikationskosten: 1,6 Millionen US-Dollar
• Professionelle Dienstleistungen: 2 Millionen US-Dollar

Technologie- und Forschungsinvestitionen

MITT zugewiesen 3,6 Millionen US-Dollar zu Technologie- und Forschungsinvestitionen im Jahr 2023, verteilt auf:

Anlagekategorie	Ausgaben ($)
IT-Infrastruktur	1,500,000
Cybersicherheit	800,000
Forschung und Entwicklung	1,300,000

Compliance- und Regulierungskosten

Der Compliance-Aufwand für 2023 betrug 2,9 Millionen US-Dollar, einschließlich:

• Rechtsberatung: 1,1 Millionen US-Dollar
• Regulatorische Berichterstattung: 800.000 US-Dollar
• Audit und interne Kontrolle: 1 Million US-Dollar

Kosten für die Portfoliopflege

Die Portfoliopflegekosten für 2023 beliefen sich auf 7,2 Millionen US-Dollar, aufgeteilt wie folgt:

Wartungskategorie	Kosten ($)
Vermögensverwaltung	3,500,000
Portfolioanalyse	1,800,000
Risikomanagementsysteme	1,900,000

AG Mortgage Investment Trust, Inc. (MITT) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Hypothekeninvestitionen

Für das Geschäftsjahr 2023 berichtete der AG Mortgage Investment Trust 52,3 Millionen US-Dollar an Nettozinserträgen aus seinem Hypothekenanlageportfolio.

Einnahmequelle	Betrag ($)
Durch Wohnimmobilien besicherte Wertpapiere	37,500,000
Durch gewerbliche Hypotheken besicherte Wertpapiere	14,800,000

Realisierte und nicht realisierte Kapitalgewinne

Im Jahr 2023 zeichnete MITT auf 18,6 Millionen US-Dollar insgesamt Kapitalgewinne aus seinem Anlageportfolio.

• Realisierte Kapitalgewinne: 12,4 Millionen US-Dollar
• Nicht realisierte Kapitalgewinne: 6,2 Millionen US-Dollar

Handel mit hypothekenbesicherten Wertpapieren

Der Handelsumsatz für 2023 beträgt insgesamt 23,7 Millionen US-Dollar, mit folgender Aufschlüsselung:

Wertpapiertyp	Handelsertrag ($)
Agentur MBS	15,200,000
Non-Agency-MBS	8,500,000

Dividendenausschüttungen

MITT hat Dividendenausschüttungen in Höhe von insgesamt bekannt gegeben 41,5 Millionen US-Dollar für das Geschäftsjahr 2023.

• Vierteljährliche Dividende pro Aktie: 0,35 $
• Jährliche Gesamtdividende pro Aktie: 1,40 USD

Gebühren für die Anlageverwaltung

Die Anlageverwaltungsgebühren für 2023 beliefen sich auf 7,2 Millionen US-Dollar.

Gebührenkategorie	Betrag ($)
Grundverwaltungsgebühr	5,600,000
Leistungsabhängige Gebühren	1,600,000

AG Mortgage Investment Trust, Inc. (MITT) - Canvas Business Model: Value Propositions

You're looking at the core reasons why AG Mortgage Investment Trust, Inc. (MITT) attracts capital right now, late in 2025. It's about the structure they've built to generate returns in this market.

Attractive Risk-Adjusted Returns

The value proposition here centers on disciplined capital management. AG Mortgage Investment Trust, Inc. targets returns by carefully managing how much they borrow versus what they own. As of September 30, 2025, the company maintained an Economic Leverage Ratio of 1.7x.

This approach is paired with a focus on asset quality. For instance, the Home Equity Loan portfolio, a key focus area, had an average FICO score of 747 and a combined loan-to-value ratio of 66% as of the third quarter of 2025, with no loans in serious delinquency at that time. This discipline aims to translate into tangible shareholder value, evidenced by the 2.7% quarterly economic return on equity reported for Q3 2025.

Here's a quick snapshot of the Q3 2025 financial position supporting this:

Metric	Amount/Value (As of 9/30/2025)
Book Value per share	$10.46
Investment Portfolio	$8.8 billion
Total Liquidity	$104.2 million
GAAP Net Income per Share	$0.47

Consistent Shareholder Dividends

For income-focused investors, the consistent payout is a major draw. AG Mortgage Investment Trust, Inc. declared a Q3 2025 common dividend of $0.21 per common share, payable on October 31, 2025. That dividend level underscores confidence in their current earnings power, especially since the Earnings Available for Distribution (EAD) per diluted share for that quarter was $0.23.

The market is pricing this in, too. The current dividend yield for AG Mortgage Investment Trust, Inc. stands around 10.24%.

You can see the commitment to the distribution:

• Q3 2025 Dividend Declared: $0.21 per share.
• Q2 2025 Dividend Declared: $0.21 per share (a 5% increase from Q1 2025).
• EAD per Share (Q3 2025): $0.23.

Exposure to the Growing Home Equity Market

AG Mortgage Investment Trust, Inc. is strategically pivoting toward the home equity space. This focus is designed to capture growth in a market segment supported by the existing housing stock and borrower behavior. The Home Equity Loan portfolio specifically reached $1.0 billion in unpaid principal balance (UPB) as of Q3 2025.

These assets offer attractive yields. The average coupon on that home equity loan book was 9.8% in the third quarter. Furthermore, the company actively executed on this strategy, finalizing a $301 million UPB securitization of home equity loans in July 2025.

Vertically Integrated Structure

The structure provides a defintely reliable asset pipeline, which is key for a mortgage REIT. This comes primarily through their investment in Arc Home LLC, a residential mortgage originator. AG Mortgage Investment Trust, Inc. increased its stake in Arc Home to 66.0% ownership as of August 1, 2025, up from 44.6% previously.

This integration is expected to enhance earnings potential by securing collateral sourcing. The investment in Arc Home as of September 30, 2025, was valued at $49.2 million using a valuation multiple of 1.025x book value. This move is management's play to ensure a consistent flow of target assets, like the home equity loans, directly into their investment portfolio.

AG Mortgage Investment Trust, Inc. (MITT) - Canvas Business Model: Customer Relationships

You're looking at how AG Mortgage Investment Trust, Inc. (MITT) manages its different groups of stakeholders as of late 2025. The relationships are segmented based on the level of direct interaction required.

Transactional/Automated

For the broad base of public shareholders, the relationship is largely transactional and automated, centered on capital return and mandatory disclosure. The most concrete evidence of this is the declared dividend. For the third quarter of 2025, AG Mortgage Investment Trust, Inc. declared a common dividend of $0.21 per share, payable on October 31, 2025. This distribution is a key touchpoint for this segment. Furthermore, shareholders are informed through the reported performance metrics that underpin these distributions, such as the Book Value per share of $10.46 as of September 30, 2025, and the Earnings Available for Distribution (EAD) of $0.23 per diluted common share for that same quarter. This automated flow of capital and data defines the primary relationship with the retail investor base.

Here's a quick look at the key shareholder-relevant figures from the third quarter of 2025:

Metric	Value	Date/Period
Book Value per Share	$10.46	September 30, 2025
Q3 2025 Common Dividend Declared	$0.21 per share	Q3 2025
Earnings Available for Distribution (EAD) per Share	$0.23	Q3 2025
Quarterly Economic Return on Equity	2.7%	Q3 2025
GAAP Net Income Available to Common Stockholders per Share	$0.47	Q3 2025

Managed

The relationship with financing counterparties, crucial for funding the investment portfolio, requires direct, managed engagement, primarily through repurchase agreements (repos). This is where AG Mortgage Investment Trust, Inc. manages its liability side. As of September 30, 2025, the total financing across the balance sheet stood at $8.4 billion. This total financing is segmented into two types of obligations, which dictates the nature of the relationship with the respective lenders or dealers.

• Recourse Financing: $1.0 billion.
• Non-recourse Financing: $7.4 billion.

The management of these relationships involves maintaining specific leverage metrics, such as the GAAP Leverage Ratio of 14.9x and the Economic Leverage Ratio of 1.7x as of the same date. While specific 2025 counterparty names aren't immediately available, historical context shows relationships with major institutions like Bank of America, N.A., Credit Suisse Securities (USA) LLC, and Wells Fargo Bank, National Association, indicating a network of sophisticated financial partners requiring active management to secure and maintain funding lines.

Strategic

The relationship with the management and owners of Arc Home is strategic, reflecting a deep, integrated operational alignment. AG Mortgage Investment Trust, Inc. actively manages this relationship by increasing its stake in the residential mortgage originator. On August 1, 2025, the Company increased its ownership in Arc Home to 66.0%, up from 44.6%, by issuing 2,027,676 restricted shares of common stock as consideration. This strategic investment was valued at $49.2 million as of September 30, 2025, determined using a valuation multiple of 1.025x book value. This move signals a commitment to integrating the origination channel, which contributed $0.03 per share to EAD in Q3 2025, directly influencing the trust's asset flow and earnings quality.

Investor Relations

Transparency for all stakeholders is maintained through formal Investor Relations channels, which are critical for a publicly traded REIT. This involves regular communication beyond the automated dividend notices. For instance, the Third Quarter 2025 results were discussed in a formal Earnings Conference Call held on November 5, 2025. Furthermore, compliance with regulatory bodies mandates consistent filings. The investment portfolio size as of September 30, 2025, was $8.8 billion, and total liquidity was $104.2 million, figures disclosed through these required channels. You can expect quarterly SEC filings to provide the detailed breakdown supporting these figures and the narrative provided by management, such as CEO T.J. Durkin's remarks on the quarter's success.

AG Mortgage Investment Trust, Inc. (MITT) - Canvas Business Model: Channels

You're looking at how AG Mortgage Investment Trust, Inc. (MITT) gets its assets, capital, and information out to the world. It's a mix of public markets and direct institutional dealings, which is pretty standard for a mortgage REIT.

New York Stock Exchange (NYSE): For common stock and preferred share trading

This is where the public equity trades hands. AG Mortgage Investment Trust, Inc. trades under the ticker MITT on the NYSE. As of the end of the third quarter 2025, the company had a reported Market Cap of $260.94 million as of October 28, 2025.

For the common stock, the price as of December 4, 2025, was $8.26 per share, with a 52-week range noted between a low of $5.63 and a high of $8.37.

The preferred shares, specifically the 8.25% Preferred Series A (MITTA), also trade on the NYSE. The previous close for MITTA was $22.64, and its 52-week range was between $18.60 and $23.99. On December 5, 2025, the trading volume for MITTA was 4,191 shares.

Here's a quick look at the trading data we have for the preferred shares:

Metric	Value as of Late 2025 Data
MITTA Previous Close	$22.64
MITTA 52 Week High	$23.99
MITTA 52 Week Low	$18.60
MITTA Volume (Dec 5, 2025)	4,191

Securitization Markets: Issuing Residential Mortgage-Backed Securities (RMBS) to institutional investors

The core of the asset channel involves packaging mortgages, especially Home Equity Loans, and selling them as securities. This is how AG Mortgage Investment Trust, Inc. moves assets off its books and raises capital for new investments. The Investment Portfolio stood at $8.8 billion as of September 30, 2025.

The company was active in this channel during the third quarter of 2025, executing four securitizations. This built upon prior activity, such as sponsoring a securitization backed by $647 million of closed-end second loans in Q2 2025, and in Q1 2025, cosponsoring a securitization of $492 million UPB of closed-end seconds, retaining $26 million of non-Agency RMBS securities.

The Home Equity Loan portfolio, a key collateral source, reached $1.0 billion as of September 30, 2025.

Key securitization and portfolio metrics:

• Investment Portfolio (Sep 30, 2025): $8.8 billion
• Home Equity Loan Portfolio (Sep 30, 2025): $1.0 billion
• Q3 2025 Securitizations Executed: 4
• Q1 2025 Retained Non-Agency RMBS: $26 million

Investment Banks/Dealers: For financing (repo agreements) and hedging instruments (swaps)

This channel is critical for funding the asset portfolio and managing interest rate risk. Total financing for AG Mortgage Investment Trust, Inc. was $8.4 billion as of September 30, 2025. This financing is split into $7.4 billion of non-recourse debt and $1.0 billion of recourse financing.

The use of derivatives is evident in the Net Interest Margin (NIM) for Q3 2025, which included a 0.05% benefit from the net interest component of interest rate swaps. This shows active hedging through these dealer relationships. For context on financing structure, the company ended Q1 2025 with only $223 million of warehouse financing, indicating a preference for securitized debt over short-term warehouse lines for their Home Equity loans.

Financing and Hedging Data Points:

Financing/Hedging Metric	Amount/Value (as of Sep 30, 2025 unless noted)
Total Financing	$8.4 billion
Non-Recourse Financing	$7.4 billion
Recourse Financing	$1.0 billion
Swap Benefit to NIM (Q3 2025)	0.05%
Warehouse Financing (Q1 2025 End)	$223 million

Corporate Website/IR Portal: Distributing financial results and investor presentations

The official corporate website, www.agmit.com, serves as the primary hub for official investor communications. You can find the latest financial narrative there.

For instance, the Q3 2025 Earnings Presentation was made available on the website in the 'Presentations' section under 'News & Presentations' prior to the November 4, 2025 conference call. Furthermore, an audio replay of that call was made available on the site through 9:00 a.m. Eastern Time on December 4, 2025.

Key distribution points on the IR portal:

• Latest Financial Results: Q3 2025 Earnings Release available November 4, 2025.
• Investor Presentations: Q3 2025 Earnings Presentation posted on www.agmit.com.
• Replay Access: Audio replay available until December 4, 2025.

AG Mortgage Investment Trust, Inc. (MITT) - Canvas Business Model: Customer Segments

You're looking at the key groups AG Mortgage Investment Trust, Inc. (MITT) serves or relies upon as of late 2025. Here's a breakdown of those segments with the latest hard numbers we have from the Q3 2025 reports.

Public Shareholders: Seeking high dividend yields and capital appreciation from a REIT structure.

This group is focused on the total return generated by AG Mortgage Investment Trust, Inc. (MITT). They are interested in the book value stability and the cash distributed.

• Book Value per share as of September 30, 2025: $10.46.
• Dividend per common share declared in Q3 2025: $0.21.
• Earnings Available for Distribution (EAD) per diluted common share in Q3 2025: $0.23.
• Market Capitalization: $8.36 billion.
• Shares Outstanding: Approximately 31.74 million.

Institutional Investors: Purchasers of the company's securitized products (RMBS).

While AG Mortgage Investment Trust, Inc. (MITT) is the primary investor in these assets, the underlying structure relies on the market for these securities. The scale of the portfolio is the relevant metric here.

Metric	Value as of September 30, 2025
Total Investment Portfolio Size	$8.8 billion
Securitization Activity (Q3 2025)	Executed 4 securitizations
Home Equity Investment Allocation	$1 billion of loans and $52 million of non-agency RMBS collateralized by home equity loans

Financing Counterparties: Banks and dealers providing warehouse and repurchase financing.

These counterparties provide the necessary leverage to fund AG Mortgage Investment Trust, Inc. (MITT)'s investment portfolio. Their comfort level is tied to the leverage employed.

Financing Component	Amount as of September 30, 2025
Total Financing	$8.4 billion
Non-Recourse Financing	$7.4 billion
Recourse Financing	$1.0 billion
GAAP Leverage Ratio (MRQ)	14.9x
Economic Leverage Ratio (MRQ)	1.7x

TPG Angelo Gordon: The ultimate parent of the external manager.

This segment represents the relationship with the external manager, AG REIT Management, LLC, an affiliate of TPG Angelo Gordon. Their scale and prior transactions are key indicators of this relationship.

• TPG Angelo Gordon platform manages approximately $99 billion across credit and real estate strategies.
• On August 1, 2025, AG Mortgage Investment Trust, Inc. (MITT) acquired an additional 21.4% interest in Arc Home from TPG Angelo Gordon managed funds.
• This transaction increased AG Mortgage Investment Trust, Inc. (MITT)'s ownership in Arc Home to 66.0% from 44.6%.

AG Mortgage Investment Trust, Inc. (MITT) - Canvas Business Model: Cost Structure

You're looking at the core expenses AG Mortgage Investment Trust, Inc. (MITT) faces to run its business, primarily driven by the cost of money and external management.

The largest cost component is the expense associated with the debt used to finance the investment portfolio. This is the cost of borrowing, which is highly sensitive to prevailing interest rates.

Total Interest Expense for the Trailing Twelve Months (TTM) ending September 2025 was $373.54 million on financing obligations.

General and Administrative (G&A) and other day-to-day running costs are relatively small compared to the interest expense, which makes sense for a highly leveraged REIT.

Total Operating Expenses, which include G&A and other costs, totaled $22.55 million for the TTM ending September 2025.

Management Fees are a key structural cost because AG Mortgage Investment Trust, Inc. (MITT) is externally managed by AG REIT Management, LLC, an affiliate of TPG Angelo Gordon. This fee structure means a portion of the revenue is paid out to the manager for advisory and administrative services.

Preferred Dividends represent fixed cash payments required for the preferred stock outstanding. These are contractual obligations, making them a fixed cost element in the structure, similar to debt interest.

We can see the fixed nature of these dividend payments across the preferred stock series:

Preferred Stock Series	Stated Annual Dividend Per Share (2025)	Fixed Payment Nature
Series A (MITT-PR-A)	$2.06	Fixed Rate of 8.25% on $25 par value.
Series C (MITT-PR-C)	Approximately $2.815 (Based on Q2 $0.704864 + Q3 $0.706042 + Q4 $0.680181 declared/paid through Sep '25, plus an estimate for the final quarter based on prior rates)	Fixed Rate on $25 par value.

While a specific TTM dollar amount for only Preferred Dividends is not explicitly isolated in the search results, the total cash outflow for all dividends (common and preferred) for the TTM ended September 2025 was -$44.87 Million.

The key cost drivers are:

• Total Interest Expense: $373.54 million (TTM Sep '25).
• Total Operating Expenses: $22.55 million (TTM Sep '25).
• Management Fees: Paid to AG REIT Management, LLC.
• Preferred Dividends: Fixed payments on outstanding preferred stock.

The cost structure is heavily weighted toward financing costs, which is typical for a mortgage REIT. Finance: review the Q4 2025 interest rate forecast impact on the next TTM interest expense by Monday.

AG Mortgage Investment Trust, Inc. (MITT) - Canvas Business Model: Revenue Streams

You're looking at how AG Mortgage Investment Trust, Inc. (MITT) actually brings in the money, which is key to understanding its stability, especially given the current rate environment. Honestly, for a mortgage REIT, the revenue streams are pretty focused, centered around the spread between what they earn on assets and what they pay for financing.

The biggest piece, by far, is the Net Interest Income: From the investment portfolio, totaling $76.82 million (TTM Sep '25). This is the core engine. It comes from holding assets like agency and non-agency residential mortgage-backed securities and loans, and then borrowing money to buy more of those assets. If you look at the Q3 2025 results, the Net Interest Margin (NIM) averaged 0.7%, which includes a small 0.05% boost from their interest rate swaps. That NIM figure tells you the direct profitability of their core lending/investing activity before other factors.

To give you a clearer picture of the TTM Sep '25 performance across the main income drivers, check out this breakdown:

Revenue Component	Amount (TTM Sep '25)	Source Context
Net Interest Income	$76.82 million	Core earnings from the investment portfolio yield vs. cost of funds.
Earnings from Equity Investments	$4.1 million	Primarily from the increased stake in Arc Home, a mortgage originator.
Gain on Sale of Investments	$6.57 million	Resulting from securitization and disposition activity during the period.

Also contributing meaningfully is the strategic move into vertical integration. The Earnings from Equity Investments: Primarily from the Arc Home stake, contributing $4.1 million (TTM Sep '25). Remember, AG Mortgage Investment Trust, Inc. increased its ownership in Arc Home to 66.0% as of September 30, 2025. That move is designed to generate earnings from origination and gain-on-sale margins, not just interest income. In Q3 alone, Arc Home added $0.03 of EAD per share to the bottom line.

Finally, you have the transactional income. The Gain on Sale of Investments: From securitization and disposition activity, totaling $6.57 million (TTM Sep '25) shows the success of their efforts to move assets off the balance sheet, often through securitizations. This is a variable stream, but it was strong in Q3, where they executed four securitizations. Here are a few other numbers that frame the revenue picture from that recent quarter:

• Q3 2025 Revenue was reported at $30.2 million.
• Earnings Available for Distribution (EAD) per diluted common share was $0.23.
• Book Value per share stood at $10.46 as of September 30, 2025.
• The dividend declared for Q3 2025 was $0.21 per common share.

The strategy is clearly about maximizing the spread income while getting an increasing, high-quality contribution from the Arc Home platform. Finance: draft 13-week cash view by Friday.