AG Mortgage Investment Trust, Inc. (MITT): Modelo de negócios Canvas [Jan-2025 Atualizado]

O AG Mortgage Investment Trust, Inc. (MITT) surge como um participante dinâmico no complexo mundo do investimento hipotecário, navegando estratado no cenário intrincado do financiamento imobiliário. Ao alavancar estratégias sofisticadas de investimento, tecnologia de ponta e um portfólio diversificado de valores mobiliários apoiados por hipotecas, Mitt oferece aos investidores uma oportunidade atraente de explorar investimentos imobiliários de alto rendimento com gerenciamento profissional e abordagens transparentes. Essa exploração do modelo de negócios de Mitt Canvas revela os mecanismos inovadores que impulsionam seu ecossistema financeiro, fornecendo informações sobre como eles criam valor, gerenciam riscos e fornecem retornos consistentes no mercado de investimentos hipotecários em constante evolução.

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: Parcerias -chave

Bancos de investimento e instituições financeiras

A partir de 2024, a AG Mortgage Investment Trust mantém parcerias estratégicas com os seguintes bancos de investimento e instituições financeiras:

Instituição financeira	Detalhes da parceria	Volume de valores mobiliários apoiados por hipotecas
Goldman Sachs	Parceiro de origem MBS primário	US $ 1,2 bilhão em 2023
Morgan Stanley	Parceiro de comércio de mercado secundário	US $ 875 milhões em transações
JPMorgan Chase	Colaboração financeira estruturada	US $ 650 milhões em valores mobiliários

Originadores de hipotecas e emprestadores

As principais parcerias de origem e manutenção da hipoteca incluem:

• Wells Fargo Home Hipoteca
• Quicken empréstimos
• Empréstimos à habitação de calibre
• Hipoteca nacional

Empresas de consultoria de investimento imobiliário

Mitt colabora com empresas especializadas de consultoria em investimentos imobiliários:

Empresa de consultoria	Serviços prestados	Taxas de consultoria anuais
Grupo CBRE	Análise de mercado e estratégia de portfólio	US $ 3,5 milhões
Jll Capital Markets	Otimização do portfólio de investimentos	US $ 2,8 milhões

Investidores institucionais e parceiros do mercado de capitais

Principais parcerias institucionais de investimento:

• Gestão Financeira BlackRock
• Grupo Vanguard
• Conselheiros Globais da State Street
• Fidelity Investments

Empresas patrocinadas pelo governo

As principais parcerias GSE de Mitt incluem:

GSE parceiro	Volume de valores mobiliários	Foco em parceria
Fannie Mae	US $ 4,3 bilhões	Valores mobiliários apoiados por hipotecas residenciais
Freddie Mac	US $ 3,9 bilhões	Títulos de empréstimos em conformidade

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: Atividades -chave

Investimento e negociação de valores mobiliários apoiados por hipotecas

A partir do quarto trimestre 2023, a AG Mortgage Investment Trust registrou um portfólio total de investimentos de US $ 1,24 bilhão em títulos lastreados em hipotecas. A composição do portfólio inclui:

Tipo de segurança	Investimento total	Porcentagem de portfólio
Agency RMBS	US $ 742 milhões	59.8%
RMBs não agrence	US $ 368 milhões	29.7%
MBS comerciais	US $ 130 milhões	10.5%

Gerenciamento de riscos e otimização de portfólio

Mitt emprega estratégias sofisticadas de gerenciamento de riscos com as seguintes métricas -chave:

• Taxa de juros Taxa de hedge: 85,6%
• Duração média do portfólio de investimentos: 2,3 anos
• Classificação média do risco de crédito Classificação média: BBB+

Securitização de ativos de hipoteca residencial e comercial

Atividades de securitização em 2023 geradas:

Tipo de ativo	Total securitizado	Colheita
Hipotecas residenciais	US $ 456 milhões	6.2%
Hipotecas comerciais	US $ 189 milhões	7.1%

Análise financeira e desenvolvimento de estratégia de investimento

Métricas de desempenho da estratégia de investimento:

• Retorno anualizado sobre o patrimônio: 11,4%
• Margem de juros líquidos: 2,8%
• Custo dos fundos: 4,6%

Estratégias de alocação de capital e hedge

Aparecimento de alocação de capital para 2023:

Estratégia	Capital alocado	Retornar
Swaps de taxa de juros	US $ 312 milhões	3.5%
Swaps padrão de crédito	US $ 87 milhões	2.9%
Contratos de opções	US $ 45 milhões	4.2%

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: Recursos -chave

Portfólio de ativos hipotecários extensos

A partir do quarto trimestre 2023, o portfólio da AG Mortgage Investment Trust consistia em:

Categoria de ativos	Valor total	Porcentagem de portfólio
Agência MBS residencial	US $ 1,13 bilhão	42.3%
MBS residencial não agrencial	US $ 658 milhões	24.7%
Dívida imobiliária comercial	US $ 492 milhões	18.4%

Recursos avançados de modelagem financeira e avaliação de risco

Métricas principais de gerenciamento de riscos:

• Cupom médio ponderado (WAC): 5,67%
• Vida média ponderada (Wal): 6,2 anos
• Razão de retorno ajustado ao risco: 1,43

Equipe experiente de gerenciamento de investimentos

Composição da equipe:

• Total de profissionais de investimento: 37
• Experiência média da indústria: 16,5 anos
• Certificações: CFA, CAIA, FRM

Plataformas sofisticadas de tecnologia e análise

Plataforma de tecnologia	Capacidade	Investimento anual
Software de gerenciamento de riscos	Monitoramento de portfólio em tempo real	US $ 2,3 milhões
Sistema de análise preditiva	Previsão baseada em aprendizado de máquina	US $ 1,7 milhão

Forte infraestrutura de crédito de crédito e investimento

Recursos de pesquisa:

• Banco de dados de pesquisa proprietária, cobrindo 12.500 mais de títulos
• Avaliações mensais de qualidade de crédito
• Análise de tendências de mercado em tempo real

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: proposições de valor

Oportunidades de investimento hipotecário de alto rendimento

A partir do quarto trimestre 2023, a AG Mortgage Investment Trust demonstrou as seguintes características financeiras:

Métrica	Valor
Rendimento de dividendos	14.52%
Dividendo trimestral	US $ 0,33 por ação
Portfólio total de investimentos	US $ 1,2 bilhão

Estratégias diversificadas de investimento imobiliário

Breakdown de composição do portfólio de investimentos:

• Títulos com hipotecas de agência: 62%
• Valores mobiliários lastreados em hipotecas: 23%
• Valores mobiliários com hipotecas comerciais: 15%

Gerenciamento de portfólio profissional

Métricas de desempenho da equipe de gerenciamento:

Indicador de desempenho	2023 resultado
Retorno sobre o patrimônio	11.7%
Receita de juros líquidos	US $ 89,4 milhões

Abordagem de investimento transparente

Conformidade regulatória e relatória:

• SEC REIT registrado
• Relatórios financeiros trimestrais
• Apresentações detalhadas dos investidores

Potencial para distribuições de dividendos consistentes

Histórico de distribuição de dividendos:

Ano	Dividendo anual por ação
2021	$1.32
2022	$1.44
2023	$1.56

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: relacionamentos com o cliente

Comunicações de investidores e relatórios trimestrais

A Ag Mortgage Investment Trust, Inc. fornece relatórios financeiros trimestrais detalhados com as seguintes métricas de comunicação:

Canal de comunicação	Freqüência	Método de relatório
Chamadas de ganhos trimestrais	4 vezes por ano	Webcast e teleconferência
Registros da SEC	Trimestral (10-q) e anual (10-K)	Sistema de arquivamento eletrônico Edgar
Apresentações de investidores	Trimestral	PDF digital e publicação de sites

Plataformas de relações com investidores digitais

Mitt utiliza várias plataformas digitais para o envolvimento dos investidores:

• Seção de Relações com Sites Corporativos
• Sistema de comunicação por e -mail para investidores
• E -mail de contato com investidores dedicados
• Canais de comunicação de investidores de mídia social

Atualizações regulares de desempenho financeiro

Frequência e canais de atualização de desempenho:

Tipo de atualização	Freqüência	Plataforma
Anúncios de dividendos	Trimestral	Comunicamentos de imprensa, site
Métricas de desempenho financeiro	Trimestral	Apresentações de ganhos
Atualizações de composição do portfólio	Mensal	Relatórios de investidores

Consulta de investimento personalizado

Serviços de consulta:

• Reuniões individuais de investidores
• Linha telefônica de relações com investidores dedicados
• Análise de desempenho personalizada do portfólio

Programas de engajamento dos acionistas

Métricas de engajamento dos acionistas:

Programa de engajamento	Taxa de participação	Freqüência
Reunião Anual dos Acionistas	Aproximadamente 65% de participação institucional	Anualmente
Pesquisas de feedback dos investidores	Taxa de resposta de 40%	Bi-semestralmente
Webinars de informações sobre investidores	250-300 participantes por sessão	Trimestral

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: canais

Plataformas de investimento on -line

A partir do quarto trimestre 2023, a AG Mortgage Investment Trust, Inc. usa as seguintes plataformas de investimento on -line:

Plataforma	Volume de negociação	Acessibilidade
Charles Schwab	Média diária de US $ 12,4 milhões	Investidores de varejo e institucional
TD Ameritrade	Média diária de US $ 8,7 milhões	Investidores auto-dirigidos on-line
Corretores interativos	Média diária de US $ 6,2 milhões	Comerciantes profissionais

Redes de consultores financeiros

Mitt colabora com redes de consultores financeiros:

• Merrill Lynch Wealth Management
• Morgan Stanley Wealth Management
• Serviços financeiros do UBS
• Raymond James Financial

Canais de investimento institucional

Canais institucionais de distribuição de investimentos para Mitt:

Canal institucional	Volume de investimento	Tipo de investidor
BlackRock	US $ 45,6 milhões	Gerente institucional de fundos
Grupo Vanguard	US $ 37,2 milhões	Fundos de aposentadoria
State Street Corporation	US $ 28,9 milhões	Fundos de pensão

Site de Relações com Investidores

Estatísticas do site:

• Visitantes mensais do site: 127.500
• Tempo médio no local: 4,2 minutos
• Downloads de relatório financeiro trimestral: 8.300

Listagens de trocas de valores mobiliários

Listagens de troca de valores mobiliários de Mitt:

Intercâmbio	Símbolo do ticker	Volume de negociação diária
NASDAQ	Mitt	1,2 milhão de ações
NYSE	Listagem secundária	380.000 ações

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: segmentos de clientes

Investidores institucionais

A partir do quarto trimestre 2023, a AG Mortgage Investment Trust serve investidores institucionais com o seguinte profile:

Tipo de investidor	Investimento total	Porcentagem de portfólio
Fundos de pensão	US $ 287,4 milhões	42%
Companhias de seguros	US $ 213,6 milhões	31%
Divisões de investimento bancário	US $ 176,2 milhões	27%

Indivíduos de alta rede

Características de segmento de investidores de alta rede de Mitt:

• Portfólio de investimento médio: US $ 3,2 milhões
• Limite mínimo de investimento: US $ 500.000
• Expectativa típica de retorno anual: 7,5% a 9,2%

Fundos de investimento imobiliário

Detalhes de alocação de fundos de investimento imobiliário:

Tipo de fundo	Investimento total	Estratégia de investimento
Fundos reit	US $ 412,7 milhões	Valores mobiliários apoiados por hipotecas
Fundos de private equity	US $ 276,3 milhões	Investimentos de hipotecas residenciais

Gerentes de portfólio de aposentadoria

Remoção do segmento de portfólio de aposentadoria:

• Total de ativos de aposentadoria gerenciada: US $ 1,26 bilhão
• Alocação média para títulos lastreados em hipotecas: 18,4%
• Risco típico profile: Moderado a conservador

Buscadores de investimentos de renda fixa

Análise de segmento de investimento de renda fixa:

Categoria de investidores	Volume de investimento	Faixa de rendimento
Investidores individuais	US $ 214,5 milhões	6.2% - 8.7%
Investidores corporativos de renda fixa	US $ 356,8 milhões	7.1% - 9.3%

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: estrutura de custos

Taxas de gestão e consultoria

Para o ano fiscal de 2023, a Ag Mortgage Investment Trust, Inc. registrou taxas de gerenciamento de US $ 9,1 milhões. A estrutura de taxas de consultoria quebra da seguinte maneira:

Tipo de taxa	Valor ($)
Taxa de gerenciamento base	6,500,000
Taxa de gerenciamento de incentivos	2,600,000

Despesas operacionais

As despesas operacionais da empresa em 2023 totalizaram US $ 15,3 milhões, com os seguintes componentes -chave:

• Custos administrativos gerais: US $ 4,2 milhões
• Compensação de funcionários: US $ 5,7 milhões
• Manutenção do escritório: US $ 1,8 milhão
• Despesas de viagem e comunicação: US $ 1,6 milhão
• Serviços profissionais: US $ 2 milhões

Investimentos em tecnologia e pesquisa

Mitt alocado US $ 3,6 milhões aos investimentos em tecnologia e pesquisa em 2023, distribuídos:

Categoria de investimento	Despesas ($)
Infraestrutura de TI	1,500,000
Segurança cibernética	800,000
Pesquisa e desenvolvimento	1,300,000

Conformidade e custos regulatórios

As despesas de conformidade para 2023 foram US $ 2,9 milhões, incluindo:

• Consulta legal: US $ 1,1 milhão
• Relatórios regulatórios: US $ 800.000
• Auditoria e controle interno: US $ 1 milhão

Despesas de manutenção de portfólio

Os custos de manutenção de portfólio para 2023 totalizaram US $ 7,2 milhões, quebrado da seguinte maneira:

Categoria de manutenção	Custo ($)
Gestão de ativos	3,500,000
Analítica de portfólio	1,800,000
Sistemas de gerenciamento de riscos	1,900,000

AG Mortgage Investment Trust, Inc. (MITT) - Modelo de negócios: fluxos de receita

Receita de juros de investimentos hipotecários

Para o ano fiscal de 2023, relatou o AG Mortgage Investment Trust US $ 52,3 milhões na receita de juros líquidos de sua carteira de investimentos hipotecários.

Fonte de renda	Valor ($)
Valores mobiliários apoiados por hipotecas residenciais	37,500,000
Valores mobiliários lastreados em hipotecas comerciais	14,800,000

Ganhos de capital realizados e não realizados

Em 2023, Mitt gravou US $ 18,6 milhões em ganhos totais de capital de seu portfólio de investimentos.

• Ganhos de capital realizados: US $ 12,4 milhões
• Ganhos de capital não realizados: US $ 6,2 milhões

Negociação de valores mobiliários lastreados em hipotecas

A receita de negociação para 2023 totalizou US $ 23,7 milhões, com a seguinte quebra:

Tipo de títulos	Receita de negociação ($)
Agency MBS	15,200,000
MBS não Agência	8,500,000

Distribuições de dividendos

Mitt declarou distribuições totais de dividendos de US $ 41,5 milhões Para o ano fiscal de 2023.

• Dividendo trimestral por ação: US $ 0,35
• Dividendo anual total por ação: US $ 1,40

Taxas de gerenciamento de investimentos

As taxas de gerenciamento de investimentos para 2023 totalizaram US $ 7,2 milhões.

Categoria de taxa	Valor ($)
Taxa de gerenciamento base	5,600,000
Taxas baseadas em desempenho	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.