June 25, 2021

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Mortgage News

AG Mortgage Investment Trust: Q1 Earnings Snapshot

NEW YORK (AP) AG Mortgage Investment Trust Inc. (MITT) reported net income of $ 38.7 million in the first quarter on Thursday after posting a loss in the same period last year.

On a stock basis, the New York-based company reported net income of 91 cents. Adjusted for one-time gains, earnings were 8 cents per share.

The Real Estate Investment Trust had sales of USD 12.1 million in the reporting period. Adjusted sales were $ 8.1 million.

The company’s shares closed at $ 3.91. A year ago they were trading at $ 2.89.

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This story was made by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MITT at https://www.zacks.com/ap/MITT