Ag mortgage investment trust, inc. (MITT)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11
Net Interest Income
Interest income

48,534

40,735

40,901

41,490

41,403

39,703

36,012

39,357

36,071

33,592

31,220

27,959

31,535

30,573

30,200

30,697

34,108

33,506

37,278

36,380

35,153

36,197

36,079

34,142

36,836

33,278

42,267

38,617

36,211

28,285

17,883

13,996

10,022

8,726

0

Interest expense

23,097

21,887

23,030

22,094

20,490

18,415

16,271

15,326

13,399

11,959

10,201

8,161

8,302

8,525

8,396

8,560

7,634

8,506

7,574

7,514

6,747

6,819

6,783

6,146

5,803

5,584

7,289

6,875

6,504

4,228

2,450

1,827

1,106

590

0

Total Net Interest Income

25,437

18,848

17,871

19,396

20,913

21,288

19,741

24,031

22,671

21,633

21,019

19,798

23,233

22,047

21,803

22,136

26,473

24,999

29,703

28,866

28,406

29,377

29,295

27,996

31,033

27,693

34,978

31,741

29,707

24,056

15,432

12,169

8,916

8,136

0

Other Income/(Loss)
Rental income

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net realized gain/(loss)

13,403

-16,132

-27,510

-20,583

-2,347

-14,204

-11,060

-11,839

-1,459

22

-10,121

-2,428

-1,665

9,578

-5,317

-12,986

-634

-4,710

-2,153

-9,649

-5,623

10,539

-1,826

548

-3,367

-42,667

-74,554

4,995

15,450

4,105

7,552

2,429

-589

4,291

0

Net interest component of interest rate swaps

-

-

-

-

-

-

-

-

2,148

2,147

1,857

1,609

-

-

-

-

3,174

3,340

3,228

3,461

4,919

5,260

5,773

6,307

6,706

9,123

6,809

5,272

3,900

2,471

2,132

1,457

1,175

986

0

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

-17,812

11,726

43,165

46,753

15,092

700

-577

-36,155

15,589

14,893

25,546

12,750

13,405

6,961

202

-11,956

10,464

-19,523

5,798

-8,920

-17,616

9,459

-23,917

-19,180

21,764

-5,779

67,905

5,223

2,706

-13,371

-10,575

-2,845

1,346

9,694

0

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

17,355

3,258

-10,839

-10,086

-61,998

6,589

4,781

37,090

-7,661

2,423

1,927

-125

-30,587

13,461

10,958

8,840

-28,733

7,238

-22,256

11,259

19,916

-19,457

42,653

29,367

-23,526

40,136

-83,093

-17,711

-26,683

45,917

33,593

-755

70

-6,562

0

Foreign currency gain/(loss), net

-3,179

667

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

342

210

216

414

216

1

20

0

21

2

3

28

5

341

1

25

4

13

14

33

-6,757

-1,237

14,545

8,554

-8,523

-17,954

-99,914

-6,586

-5,904

40,867

31,802

808

-

-

-

Total Other Income/(Loss)

12,085

1,908

6,832

18,279

-48,414

-5,098

-5,575

-12,374

4,342

15,193

15,498

8,614

-19,832

29,307

4,238

-18,454

-22,073

-20,322

-21,824

-10,738

-

-

-

-

-

-

-

-

-

-

-

-

-1,361

6,641

0

Expenses
Management fee to affiliate

2,734

2,346

2,400

2,345

2,334

2,384

2,387

2,439

2,461

2,454

2,443

2,475

2,487

2,451

2,420

2,450

2,480

2,481

2,502

2,507

2,532

2,548

2,507

2,500

2,492

2,523

2,813

2,859

2,510

1,657

1,196

1,049

770

742

0

Other operating expenses

4,988

6,062

3,807

3,781

4,716

3,503

3,443

3,223

2,718

2,603

2,851

2,793

1,708

2,870

2,664

3,046

2,602

3,390

3,285

3,077

3,351

3,140

2,739

2,643

3,064

2,819

2,686

2,274

2,215

1,653

760

813

811

739

15

Equity based compensation to affiliate

74

76

73

126

28

66

94

51

74

61

87

77

80

75

87

54

0

51

36

76

68

67

73

81

64

55

17

114

87

120

104

87

97

78

0

Excise tax

67

186

186

92

375

375

375

375

375

375

375

375

525

238

375

375

375

375

375

375

375

533

375

500

91

373

518

500

1,142

272

255

77

-

-

-

Servicing fees

416

416

416

371

201

148

22

62

49

23

86

76

44

121

106

130

114

188

159

208

191

157

162

0

-

-

-

-

-

-

-

-

-

-

-

Property depreciation and amortization

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property operating expenses

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property management fee

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Expenses

8,279

9,086

6,882

6,715

7,654

6,476

6,321

6,150

5,678

5,516

5,843

5,797

4,846

5,757

5,654

6,057

5,572

6,486

6,359

6,245

6,519

6,446

5,858

5,725

5,713

5,771

6,035

5,748

5,955

3,704

2,317

2,027

1,784

1,560

15

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

29,243

11,670

17,821

30,960

-35,155

9,714

7,845

5,507

21,335

31,310

30,674

22,615

-1,446

45,597

20,387

-2,374

-1,172

-1,809

1,520

11,882

15,129

21,693

37,983

30,824

16,796

3,968

-70,971

19,406

17,847

61,220

44,917

10,950

-

-

-

Income tax benefit/(expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-172

92

0

262

122

23

2,632

0

0

0

0

105

0

0

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-

-

2,921

4,701

2,497

2,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

Net Income/(Loss) from Continuing Operations

36,172

11,106

19,871

30,189

-36,585

23,674

8,168

8,247

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income/(Loss) from Discontinued Operations

-1,132

-1,057

-1,193

-1,034

-1,639

-297

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

35,040

10,049

18,678

29,155

-38,224

23,377

8,168

8,247

24,257

36,011

33,171

25,117

-1,081

46,131

21,077

-2,444

-487

-297

1,840

12,763

14,654

22,389

41,165

31,186

16,885

6,000

-71,235

16,770

17,847

61,220

44,917

10,950

5,769

13,217

-15

Dividends on preferred stock

5,667

3,720

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,367

3,346

790

0

0

0

0

0

Net Income/(Loss) Available to Common Stockholders

29,373

6,329

15,311

25,788

-41,591

20,010

4,801

4,880

20,890

32,644

29,803

21,750

-4,449

42,764

17,709

-5,811

-3,855

-3,665

-1,526

9,396

11,287

19,022

37,797

27,818

13,517

2,633

-74,602

13,403

14,500

60,430

44,917

10,950

5,769

13,217

-15

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

0.93

0.22

0.50

0.87

-1.39

0.71

0.17

0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operations (in dollars per share)

-0.03

-0.03

-0.03

-0.03

-0.06

-0.01

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in dollars per share)

0.90

0.19

0.47

0.84

-1.45

0.70

0.17

0.17

0.74

1.17

1.08

0.79

-0.16

1.54

0.63

-0.21

-0.14

-0.13

-0.05

0.33

0.40

0.67

1.33

0.98

0.48

0.09

-2.66

0.49

0.62

3.13

2.85

0.77

0.58

1.42

0.00

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

0.93

0.22

0.50

0.87

-1.39

0.71

0.17

0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operations (in dollars per share)

-0.03

-0.03

-0.03

-0.03

-0.06

-0.01

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

0.90

0.19

0.47

0.84

-1.45

0.70

0.17

0.17

0.74

1.17

1.07

0.78

-0.16

1.54

0.63

-0.21

-0.14

-0.13

-0.05

0.33

0.40

0.67

1.33

0.98

0.48

0.09

-2.66

0.49

0.62

3.10

2.85

0.77

0.58

1.41

0.00

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

-

-

-

-

-

-

-

-

28,196

27,841

27,724

27,701

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

28,234

27,857

27,731

27,709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends Declared per Share of Common Stock (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.70

0.40

0.00