Ag mortgage investment trust, inc. (MITT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Net Interest Income
Interest income

171,660

156,475

128,845

123,006

141,273

141,573

151,000

96,376

Interest expense

90,108

70,502

43,722

33,785

31,230

26,497

25,553

15,010

Total Net Interest Income

81,552

85,973

85,123

89,221

110,043

115,075

125,447

81,366

Other Income/(Loss)
Rental income

-

-

-

0

-

-

-

-

Net realized gain/(loss)

-50,822

-39,450

-13,986

-10,391

-17,148

3,637

-115,594

24,568

Net interest component of interest rate swaps

-7,736

-2,230

7,763

6,010

13,204

22,261

27,912

9,962

Unrealized gain/(loss) on real estate securities and loans, net

83,832

-20,940

45,529

2,673

-32,491

72,480

-84,195

52,071

Income/(loss) from linked transactions, net

-

-

-

-

-

12,503

5,610

24,983

Unrealized gain/(loss) on derivative and other instruments, net

-312

-13,538

19,813

8,613

-12,180

-51,255

89,112

-24,086

Foreign currency gain/(loss), net

-2,512

0

0

-

-

-

-

-

Other income

1,182

237

55

374

66

29

-132,979

67,574

Total Other Income/(Loss)

39,104

-71,461

43,648

-4,741

-74,959

15,134

-

-

Expenses
Management fee to affiliate

9,825

9,544

9,835

9,800

9,971

10,089

10,688

6,413

Other operating expenses

18,638

14,885

10,965

10,291

12,356

11,903

10,844

5,443

Equity based compensation to affiliate

349

239

301

299

164

291

251

400

Excise tax

531

1,500

1,500

1,513

1,500

1,783

1,483

1,748

Servicing fees

1,619

433

234

404

671

511

0

0

Property depreciation and amortization

-

-

-

0

-

-

-

-

Property operating expenses

-

-

-

0

-

-

-

-

Property management fee

-

-

-

0

-

-

-

-

Total Expenses

30,962

26,601

22,835

22,316

24,663

24,578

23,268

14,005

Income/(loss) before equity in earnings/(loss) from affiliates

89,694

-12,089

105,936

62,164

10,420

105,630

-30,800

134,935

Income tax benefit/(expense)

-

-

-

-

-

-79

3,041

0

Income (Loss) from Equity Method Investments

7,644

15,593

12,622

1,519

3,398

3,684

2,263

0

Net Income/(Loss) from Continuing Operations

97,338

3,504

118,558

-

-

-

-

-

Net Income/(Loss) from Discontinued Operations

-4,416

-1,936

0

-

-

-

-

-

Net Income (Loss) Attributable to Parent

92,922

1,568

118,558

63,683

13,818

109,395

-31,578

134,935

Dividends on preferred stock

16,122

13,469

13,469

13,469

13,469

13,469

13,469

4,137

Net Income/(Loss) Available to Common Stockholders

76,800

-11,901

105,089

50,214

349

95,926

-45,048

130,798

Earnings/(Loss) Per Share - Basic
Continuing Operations (in dollars per share)

2.52

-0.35

3.77

-

-

-

-

-

Discontinued Operations (in dollars per share)

-0.13

-0.07

0.00

-

-

-

-

-

Basic (in dollars per share)

2.39

-0.42

3.77

1.80

0.01

3.38

-1.61

7.20

Earnings/(Loss) Per Share - Diluted
Continuing Operations (in dollars per share)

2.52

-0.35

3.77

-

-

-

-

-

Discontinued Operations (in dollars per share)

-0.13

-0.07

0.00

-

-

-

-

-

Diluted (in dollars per share)

2.39

-0.42

3.77

1.80

0.01

3.37

-1.61

7.18

Weighted Average Number of Shares of Common Stock Outstanding
Basic (in dollars per share)

32,192

28,392

27,866

27,952

28,398

28,379

28,022

18,167

Diluted (in dollars per share)

32,203

28,392

27,883

27,953

28,409

28,424

28,022

18,227