NYSE$MITT

AG Mortgage Investment Trust Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the full year and quarter ended December 31, 2022.

AG Mortgage Investment Trust, Inc. reported an increase in book value per share and adjusted book value per share of approximately 3% during the fourth quarter. The company remained disciplined by programmatically terming out its financing, resulting in a materially de-risked position with ample liquidity heading into 2023.

  • Book Value per share increased by approximately 3% from September 30, 2022.
  • Adjusted Book Value per share increased by approximately 3% from September 30, 2022.
  • Net Income was $0.33 per diluted common share.
  • EAD (Earnings Available for Distribution) was $0.05 per diluted common share.

Headline financials

Total Revenue

$12.4M

Previous: $14M-11.6%
EPS (adj)

$0.05

Previous: -$0.05+200.0%
Investment Portfolio

$4.2B

Previous: $3.2B+31.3%
Economic Leverage Ratio

1.3

Previous: 2.4-45.8%
Total Liquidity

$86.7M

Previous: $137M-36.9%
Dividend per Common Share

$0.18

Previous: $0.21-14.3%
Net Income

$11.7M

Previous: $10.9M+7.6%
Operating Income

$12.5M

Previous: $13.5M-7.5%
Cash & Equivalents

$84.6M

Previous: $68.1M+24.3%
Total Assets

$4.37B

Previous: $3.36B+29.9%
Stock-Based Comp

$87K

Previous: $80K+8.8%

Revenue & EPS history

MITT · Revenue · Quarterly

$12.4M

Q4 2022-11.6%vs Q4 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

MITT is materially de-risked with ample liquidity as we head into 2023 in position to play offense.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

+1.1%

Avg return

Earnings day

+1.9%

Avg return

5 days after

-0.1%

Avg return

30 days after

52%

30 / 58 earnings

Positive

+24.5%

Q4 2020

Best reaction

-14.3%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.1%-4.9%
Q4 2025-1.3%-4.6%-10.9%
Q3 2025+6.7%+9.2%+15.5%
Q2 2025-7.8%-4.1%+0.0%
Q1 2025-2.7%+3.0%+10.6%
Q4 2024+1.6%-1.1%-5.0%
Q3 2024-4.1%-0.3%-3.8%
Q2 2024-14.3%-12.4%-2.1%
Q1 2024+17.0%+17.2%+18.4%
Q4 2023+4.4%+2.5%+2.7%
Q3 2023+2.3%+2.5%+11.3%
Q2 2023+4.9%+0.8%+0.8%
Q1 2023+8.4%+4.6%+15.1%
Q4 2022+3.5%+5.7%-8.2%
Q3 2022+10.1%+8.0%+28.2%
Q2 2022-8.9%-8.3%-24.3%
Q1 2022-4.7%-2.4%+5.4%
Q4 2021-2.1%-4.1%+3.6%
Q3 2021+10.9%+12.8%-11.7%
Q2 2021-1.9%-6.7%-2.1%
Q1 2021+4.9%+0.8%+7.4%
Q4 2020+24.5%+40.2%+29.4%
Q3 2020-0.7%-1.8%+21.0%
Q2 2020+12.1%+12.1%-3.9%
Q1 2020+5.9%+1.5%-33.5%
Q4 2019-7.1%-2.7%-75.5%
Q3 2019-2.7%-1.3%-0.4%
Q2 2019-2.4%-1.8%-8.0%
Q1 2019-2.5%-2.3%-9.8%
Q4 2018+0.2%-0.3%-3.9%
Q3 2018+2.2%+3.6%+2.1%
Q2 2018-3.0%-1.3%-0.6%
Q1 2018+1.8%+4.1%+6.7%
Q4 2017-6.4%-4.2%-0.6%
Q3 2017+2.5%+0.5%+0.3%
Q2 2017+4.3%+4.3%+2.4%
Q1 2017-4.3%-1.7%+0.0%
Q4 2016+1.5%-0.4%+0.7%
Q3 2016+3.4%+6.9%+14.5%
Q2 2016+2.1%+3.7%+4.5%
Q1 2016+1.2%
Q4 2015+5.8%
Q3 2015-3.9%
Q2 2015-2.1%
Q1 2015-3.8%
Q4 2014+0.3%
Q3 2014+0.3%
Q2 2014-0.1%
Q1 2014+2.8%
Q4 2013+2.5%
Q3 2013-1.9%
Q2 2013-0.6%
Q1 2013+1.2%
Q4 2012-3.2%
Q3 2012-0.8%
Q2 2012+0.0%
Q1 2012-0.3%
Q3 2011+11.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro