AG Mortgage Investment Trust
New York
About AG Mortgage Investment Trust
AG Mortgage Investment Trust is a hybrid mortgage REIT that invests in, acquires and manages a diversified risk-adjusted portfolio of agency RMBS, credit investments, and single-family rental properties. Their Credit Investments include their residential investments, commercial investments, and ABS investments. AG Mortgage Investment Trust, Inc. is externally managed and advised by AG REIT management, LLC, a subsidiary of angelo, gordon & co., L.P., an SEC-registered investment adviser that specializes in alternative investment activities. The majority of their portfolio is comprised of mortgage-backed securities, specifically residential mortgage-backed securities, or RMBS. Certain of their RMBS portfolio have an explicit guarantee of principal and interest by a U.S. government agency such as the government national mortgage association, or ginnie mae, or a federally-chartered corporation such as the federal national mortgage association, or fannie mae, or the federal home loan mortgage corporation, or freddie mac. They refer to those securities as agency RMBS. Their agency RMBS investments include mortgage pass-through securities and CMOs, and certain agency RMBS whose underlying collateral is not identified until shortly (generally two days) before the purchase or sale settlement date, which they refer to as TBAs. Their non-agency RMBS investments may include fixed-and floating-rate securities, including investment grade and non-investment grade. They have also invested in commercial and residential mortgage loans, including non-performing and re-performing residential mortgage loans, as well as excess mortgage servicing rights. They have the discretion to invest in other target assets, including real estate structured finance products, other real estate-related loans and securities and direct or indirect interests in real estate.
Company Facts
- Operating status: Active
- Company type: For Profit
- IPO status: Public
- Employees: 11 – 50
- Total funding: $30.0M
- Funding stage: IPO
- Last round: Post-IPO Debt (Jan 2024)
- Ticker: nyse:MITT
- Website: agmit.com
- Phone: (212) 692-2110
Industries & Categories
Banking, Real Estate
Social Profiles
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