AG Mortgage Investment Trust (NYSE: MITT) is a real estate investment trust (REIT) that specializes in acquiring and managing a diversified portfolio of residential mortgage assets. As a mortgage finance company, MITT seeks to generate attractive risk-adjusted returns through a combination of interest income and capital appreciation. The firm operates under a regulatory framework that requires it to distribute a significant portion of its taxable income as dividends, enabling it to offer monthly payouts to its shareholders.
The company’s primary investment strategy focuses on agency residential mortgage-backed securities (RMBS), non-agency RMBS and adjustable-rate residential whole loans. MITT employs leverage through secured financing transactions, such as repurchase agreements, to enhance portfolio yield. In addition to asset selection, the firm applies interest rate hedging strategies—including interest rate swaps, swaptions and Treasury futures—to manage duration and mitigate the impact of rate volatility on its net interest margin.
Founded in the mid-2000s and headquartered in Virginia Beach, Virginia, AG Mortgage Investment Trust serves the broader U.S. residential mortgage market. Over the years, the company has adapted its investment mix in response to evolving market conditions, regulatory developments and liquidity considerations. Its geographical focus remains the United States, where it capitalizes on the depth and transparency of mortgage-backed securities markets to build a disciplined book of assets that aligns with its risk-return objectives.
AG Mortgage Investment Trust is externally managed by AG Mortgage Investment Trust Advisors, LLC, whose senior professionals bring extensive experience in structured finance, credit analysis and portfolio management. The independent board of directors oversees governance and risk management policies, drawing on directors’ combined backgrounds in mortgage banking, real estate finance and capital markets. This organizational structure supports MITT’s goal of delivering consistent, dividend-focused returns to investors over the long term.
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