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MITT-PB| Name | Value |
|---|---|
| Revenues | 12.1M |
| Cost of Revenue | 0.6M |
| Gross Profit | 11.5M |
| Operating Expense | -13.7M |
| Operating I/L | -2.2M |
| Other Income/Expense | -9.9M |
| Interest Income | 64.2M |
| Pretax | -2.4M |
| Income Tax Expense | -0.2M |
| Net Income/Loss | -2.2M |
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.
