AG Mortgage Investment Trust Inc. (MITN) Financial Statements (2024 and earlier)

Company Profile

Business Address 245 PARK AVENUE
NEW YORK, NY 10167
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments111,53484,62168,07947,92681,69231,579
Cash and cash equivalents111,53484,62168,07947,92681,69231,579
Asset, held-for-sale, not part of disposal group     154 
Total current assets:111,53484,62168,07947,92681,84631,579
Noncurrent Assets
Property, plant and equipment      141,014
Total noncurrent assets:      141,014
Other undisclosed assets6,014,8944,285,1573,294,6491,352,1194,265,9713,376,333
TOTAL ASSETS:6,126,4284,369,7783,362,7281,400,0454,347,8173,548,926
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities5,598,0603,906,9782,792,348990,3403,498,7712,892,915
Total liabilities:5,598,0603,906,9782,792,348990,3403,498,7712,892,915
Equity
Equity, attributable to parent, including:528,368462,800570,380409,705849,046656,011
Preferred stock220,472220,472220,472   
Common stock294212239414327287
Additional paid in capital823,715778,606796,469688,871662,183595,412
Accumulated deficit(516,113)(536,490)(446,800)(518,058)(85,921)(100,902)
Other undisclosed equity, attributable to parent    238,478272,457161,214
Total equity:528,368462,800570,380409,705849,046656,011
TOTAL LIABILITIES AND EQUITY:6,126,4284,369,7783,362,7281,400,0454,347,8173,548,926

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues
(Net Investment Income)
260,329180,30370,66274,525171,660156,475
Cost of revenue
(Cost of Goods and Services Sold)
     (531)(3,681)
Gross profit:260,329180,30370,66274,525171,129152,794
Operating expenses  (8,096)(20,171)(31,894)(28,463)(26,803)
Operating income:260,329172,20750,49142,631142,666125,991
Nonoperating income (expense)46,017(61,167)59,572(424,070)39,104(67,286)
Investment income, nonoperating30,190(9,198)   (60,441)
Interest and debt expense(212,500)(118,918)(27,250)(36,945)(90,108)(72,058)
Other undisclosed loss from continuing operations before equity method investments, income taxes(38,672)(34,964)(10,516)(1,572)(1,968)(672)
Income (loss) from continuing operations before equity method investments, income taxes:55,174(42,842)72,297(419,956)89,694(14,025)
Income (loss) from equity method investments(1,390)(10,258)31,889(1,629)7,64415,593
Income (loss) from continuing operations:53,784(53,100)104,186(421,585)97,3381,568
Income (loss) before gain (loss) on sale of properties:104,186(421,585)101,7541,568
Income from discontinued operations     4,416 
Net income (loss):53,784(53,100)104,186(421,585)101,7541,568
Other undisclosed net income (loss) attributable to parent    666(8,832) 
Net income (loss) attributable to parent:53,784(53,100)104,186(420,919)92,9221,568
Preferred stock dividends and other adjustments(18,344)(18,344)(18,313)(9,975)(16,122) 
Other undisclosed net loss available to common stockholders, basic      (13,469)
Net income (loss) available to common stockholders, diluted:35,440(71,444)85,873(430,894)76,800(11,901)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):53,784(53,100)104,186(421,585)101,7541,568
Comprehensive income (loss), net of tax, attributable to parent:53,784(53,100)104,186(421,585)101,7541,568

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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