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AG Mortgage Investment Trust (MITT)
NYSE:MITT
Earnings Data
Report Date
May 01, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.2Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive tone driven by strong execution: meaningful portfolio growth (+27% to $8.5B), active securitization ($4.2B in 2025), dividend increases (>21% YoY), stable book value (+0.2% Q4), improving EAD (Q4 $0.25; full-year $0.86, +17% YoY), and a clear turnaround and scaling at Arc Home (breakeven, 10% annualized H2 ROE, record originations). Remaining negatives are manageable legacy assets on nonaccrual (~$28M equity tied up), residual/IO mark dynamics limiting book value upside, and transaction costs. Overall, highlights materially outweigh the lowlights.Company Guidance
Book Value Stability
Book value increased from $10.46 to $10.48 in Q4 (approx +0.2%), demonstrating stability while supporting return of capital to shareholders.
EAD Coverage of Dividend and Quarter-over-Quarter Improvement
Earnings available for distribution (EAD) was $0.25 per share in Q4, up from $0.23 in the prior quarter, fully covering the newly declared quarterly dividend of $0.23 (9.5% increase this quarter).
Material Dividend Increases in 2025
The company increased its quarterly dividend three times in 2025 for a total raise of over 21% year-over-year, supported by improved earnings power.
Strong Total Shareholder Return
MITT delivered total shareholder return (dividends plus stock price appreciation) of approximately 42% through the date of the call, signaling strong market recognition of progress.
Substantial Investment Portfolio Growth
Full-year 2025 investment portfolio grew ~27% year-over-year to $8.5 billion, driven by over $3.0 billion in loan purchases and active capital rotation into higher-yielding strategies.
Robust Securitization Activity
Executed 10 securitizations in 2025 totaling $4.2 billion, including $1.3 billion in Q4 and $2.4 billion of home equity securitizations across five transactions, with $55 million retained in one Q4 transaction.
Disciplined Leverage Profile
Maintained low economic leverage at 1.6 turns to year-end, reflecting conservative balance sheet management while growing portfolio and securitization activity.
Arc Home Turnaround and Growth
Arc Home reached breakeven in Q2, generated a 10% annualized ROE in the second half of 2025, originated over $3.4 billion for the year, achieved record lock volumes (+34% YoY) and a +42% increase in non‑QM mortgage fundings; management increased ownership by 21.4% in August.
Improved Earnings and Net Interest Income
GAAP net income available to common shareholders was $8.0 million ($0.25 per share) in Q4. Net interest income increased 4% in the quarter, and net interest plus hedge income of $0.68 per share exceeded $0.45 of operating expenses and preferred dividends to produce net earnings of $0.23 per share.
Full-Year EAD Growth and Arc Contribution
Full-year EAD was $0.86 per share, up 17% year-over-year to $26.3 million; Arc Home contributed $1.9 million to EAD in 2025 (versus a $3.3 million loss in 2024), with January 2026 producing Arc Home monthly earnings in excess of $1.0 million.
Available Liquidity
Ended Q4 with approximately $109 million of total liquidity: $58 million cash, $50 million of committed financing available on unlevered home equity loans, and $1 million unencumbered agency RMBS.
Capital Recycling Opportunity from Call Rights
Management exercised optional redemption on a 2022 vintage non-QM securitization (316M UPB) and plans to remain aggressive with call rights to free up equity (~$35 million targeted) for redeployment into higher-ROE investments.
MITT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MITT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $8.64 | $8.53 | -1.27% |
Nov 04, 2025 | $7.15 | $7.63 | +6.71% |
Aug 01, 2025 | $7.35 | $6.78 | -7.81% |
May 06, 2025 | $6.28 | $6.11 | -2.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does AG Mortgage Investment Trust (MITT) report earnings?
AG Mortgage Investment Trust (MITT) is schdueled to report earning on May 01, 2026, After Close (Confirmed).
What is AG Mortgage Investment Trust (MITT) earnings time?
AG Mortgage Investment Trust (MITT) earnings time is at May 01, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MITT EPS forecast?
MITT EPS forecast for the fiscal quarter 2026 (Q1) is 0.25.