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MITT| Name | Value |
|---|---|
| Revenues | 77.7M |
| Cost of Revenue | 4.4M |
| Gross Profit | 73.3M |
| Operating Expense | 0.5M |
| Operating I/L | 72.8M |
| Other Income/Expense | -35.4M |
| Interest Income | 77.5M |
| Pretax | 37.4M |
| Income Tax Expense | 2.0M |
| Net Income/Loss | 35.4M |
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.
