- CEO
- Thomas J. Durkin
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 245 Park Avenue New York City NY United States of America 10167
- IPO Date
- Sep 21, 2012
- Business
- AG Mortgage Investment Trust, Inc. AG Mortgage Investment Trust, Inc. (NYSE: MITT-PB) operates as a residential mortgage real estate investment trust focused on investing in, acquiring, and managing a diversified, risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market; its core offerings include residential investments comprising newly originated non-agency residential mortgage loans, agency-eligible loans, home equity loans, re/non-performing loans, and land-related financing, alongside agency residential mortgage-backed securities (RMBS) issued or guaranteed by government-sponsored enterprises, as well as legacy commercial investments from prior acquisitions. The company sources assets primarily through its affiliate Arc Home, LLC, a residential mortgage loan originator, and third-party partners, with operations centered in the United States and externally managed by AG REIT Management, LLC, a subsidiary of Angelo Gordon & Co., L.P. within TPG. Founded in 2011 and headquartered in New York, it targets attractive risk-adjusted returns for stockholders through dividends and capital appreciation across non-agency and agency segments of the housing market. In August 2025, AG Mortgage Investment Trust, Inc. acquired an additional 21.4% interest in Arc Home from private funds managed by TPG Angelo Gordon, increasing its ownership to 66.0% from 44.6% by issuing 2,027,676 restricted common shares valued at $15.9 million, a transaction advised by Keefe, Bruyette & Woods that enhances earnings through Arc Home's record non-agency lock volumes, improved gain-on-sale margins, and expansion into high-growth products like home equity securitizations. This strategic move, dilutive by 1.8% to book value inclusive of expenses, builds on prior initiatives such as replacing high-cost debt on securitized loans from WMC acquisitions and sponsoring a $647 million closed-end second lien loan securitization, supporting Q3 2025 results with $10.46 book value per share, 2.7% economic return on equity, and $0.23 earnings available for distribution per share.