MITT Profile
AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust (REIT) in the United States, specializing in the acquisition and management of a diverse portfolio of mortgage-related investments. The company’s investment strategy includes a broad array of residential mortgage assets, such as non-qualifying mortgage loans, government-sponsored entity (GSE) non-owner-occupied loans, re-performing and non-performing loans, land-related financing, and agency residential mortgage-backed securities. Additionally, it engages in commercial investments, enhancing its portfolio's diversity and potential for returns.
AG Mortgage Investment Trust's business model involves generating income through its investments in these mortgage assets and securities. The company’s focus on a range of mortgage-related investments allows it to capture opportunities across different segments of the mortgage market, including both performing and distressed assets. By investing in both residential and commercial mortgage assets, the company aims to achieve attractive risk-adjusted returns for its shareholders.
As a REIT, AG Mortgage Investment Trust qualifies for special federal income tax treatment, which exempts it from federal corporate income taxes on earnings distributed to stockholders. To maintain this tax status, the company must distribute at least 90% of its taxable income to its shareholders. This structure aligns the company’s interests with those of its investors, as it emphasizes income distribution and shareholder returns.
Founded in 2011 and headquartered in New York, New York, AG Mortgage Investment Trust has established itself as a key player in the residential mortgage REIT sector. Its strategic focus on a diverse range of mortgage assets and its adherence to REIT tax regulations underscore its commitment to providing value to investors while navigating the complexities of the mortgage market.
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