- CEO
- Thomas J. Durkin
- Full Time Employees
- 100
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 245 Park Avenue New York City NY United States of America 10167
- IPO Date
- Aug 7, 2012
- Business
- AG Mortgage Investment Trust, Inc. (MITT) operates as a residential mortgage real estate investment trust (REIT) focused on investing in, acquiring, and managing a diversified, risk-adjusted portfolio of residential mortgage-related assets in the United States mortgage market. The company invests primarily in residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises; newly originated non-agency residential mortgage loans, including agency-eligible loans and home equity loans; securitized residential investments obtained through its affiliate Arc Home, LLC, a residential mortgage loan originator, and third-party partners; commercial investments; and asset-backed securities (ABS). Externally managed and advised by AG REIT Management, LLC, a subsidiary of Angelo, Gordon & Co., L.P., AG Mortgage Investment Trust conducts its activities to qualify as a REIT for U.S. federal income tax purposes, targeting attractive risk-adjusted returns to stockholders through dividends and capital appreciation.
Founded on March 1, 2011, and headquartered at 245 Park Avenue, 26th Floor, New York, New York, the company commenced operations in July 2011 following its initial public offering. Its investment portfolio excludes ownership in Arc Home and emphasizes the non-agency segment of the housing market, with assets deployed across residential investments and agency RMBS.
In recent developments, AG Mortgage Investment Trust acquired an additional 21.4% interest in Arc Home on August 1, 2025, from private funds managed by TPG Angelo Gordon, increasing its ownership to 66.0% from 44.6% through the issuance of 2,027,676 restricted common shares valued at $15.9 million. The company sponsored a $647 million securitization of closed-end second lien home equity loans in July 2025, replacing high-cost debt on previously acquired securitized loans from WMC and freeing $39 million in capital for reinvestment. It maintains a strong pipeline for further residential mortgage loan acquisitions and anticipates additional securitizations in the third quarter of 2025.