Name | Value |
---|---|
Revenues | 20.0M |
Cost of Revenue | 61.4M |
Gross Profit | -41.4M |
Operating Expense | 43.1M |
Operating I/L | 38.3M |
Other Income/Expense | -25.8M |
Interest Income | 57.3M |
Pretax | 12.5M |
Income Tax Expense | 44.9M |
Net Income/Loss | -32.5M |
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.