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MITT| 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 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 well as commercial investments. 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 through interest income from its mortgage and real estate investments.
