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MITT-PB| Name | Value |
|---|---|
| Revenues | -233.5M |
| Cost of Revenue | 15.4M |
| Gross Profit | -248.9M |
| Operating Expense | 1.9M |
| Operating I/L | -296.5M |
| Other Income/Expense | 312.9M |
| Interest Income | 105.7M |
| Pretax | 16.4M |
| Income Tax Expense | 2.9M |
| Net Income/Loss | 14.3M |
AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. The company's investment portfolio includes residential and commercial investments, such as non-qualifying mortgages loans, government-sponsored entity non-owner occupied loans, re/non-performing loans, land related financing, and agency residential mortgage-backed securities. As a real estate investment trust, it benefits from federal income tax advantages by distributing at least 90% of its taxable income to stockholders. This structure allows the company to generate revenue from interest income on its mortgage investments and other real estate-related assets.
