AG Mortgage Investment Trust, Inc. (MITT), a residential mortgage REIT, On Monday announced that net income declined in the fourth quarter, compared with last year.
In the fourth quarter, profit came in at $8.82 million down from $30.77 million last year.
Earnings per share were $0.30 versus $1.35 the prior year.
Analysts, on average, had expected the company to earn $0.20 per share. Analysts' estimates typically exclude special items.
Interest income increased to $17.38 million from $13.34 million last year. Book Value per share came in at $10.64.
On February 14, the company had announced a quarterly cash dividends of $0.51563 per share for Series A, $0.50 for Series B, and $0.693062 for Series C Preferred Stock. The dividends will be paid on March 17 to shareholders on record, February 28.
In the pre-market trading, AG Mortgage is 0.26% lesser at $7.55 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.