AG Mortgage Investment Trust, Inc. (NYSE:MITT) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rosiello - Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the AG Mortgage Investment Trust Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mo ...

Financial Performance - The company's book value per share increased by 0.3% from $11.85 in Q1 2023 to $11.89 in Q2 2023[27] - The adjusted book value per share increased by 0.3% from $11.48 in Q1 2023 to $11.52 in Q2 2023[27] - Q2 2023 net interest income was $12.9 million[14] - Q2 2023 earnings per share was $0.17[14] - Q2 2023 EAD (Earnings Available for Distribution) per share was $0.08[14] - A dividend of $0.18 per share was declared in Q2 2023[14] Portfolio and Securitization - The company strategically sold $99.9 million of Non-Agency Loans to generate capital for reinvestment[15] - The company has a strong new origination loan pipeline of $354.5 million of UPB (Unpaid Principal Balance)[49] - The fair market value of retained Non-Agency bonds from securitizations is $331.0 million for mezzanine and subordinate bonds and $139.1 million for Interest Only and Excess Servicing Bonds[51] Arc Home - MITT's investment in Arc Home LLC is $37.4 million as of June 30, 2023, representing a 44.6% ownership interest[65, 91] - Arc Home's after-tax share of net income attributable to MITT was $0.3 million in Q2 2023[65] Financing - The company has $4.1 billion of financing as of June 30, 2023, consisting of 82.0% securitized debt, 11.5% warehouse financing, and 6.5% agency financing[63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or Other Jurisdiction of Incorporation or Organization) 245 Park Avenue, 26th Floor New York, New York 10167 (Address of Principal Executive Offices) (Zip Code) Maryland 27-5254382 (I.R.S. Employer Identification No.) (212) 692-2000 (Registrant's Telephone Number, Includ ...

AG Mortgage Investment Trust Inc. (NYSE:MITT) Q1 2023 Results Conference Call May 5, 2023 8:30 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Matthew Erdner - Jones Trading Eric Hagen - BTIG Operator Good day, and thank you for standing by. Welcome to the AG Mortgage Investment ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________ FORM 10-K _____________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to Commission file numb ...

Financial Data and Key Metrics Changes - The company recorded a loss of $3.12 in earnings per share for the year, with a declared dividend of $0.81 per share [6] - Adjusted book value improved by 3% from $10.68 to $11.03 per share, with an estimated further increase of 3% to 4% in January [7][10] - The company generated $67.6 million of net interest margin (NIM) during the year [6] - The economic leverage ratio declined to approximately 1.3x, with recourse debt accounting for about 16% of the aggregate [56] Business Line Data and Key Metrics Changes - The securitization issuance in the fourth quarter outpaced the acquisition of new loans, indicating a strategic focus on managing aggregation risk [30][31] - The weighted average mark-to-market loan-to-value (LTV) ratio of the underlying residential home loans is approximately 66%, with less than 100 basis points in the 60-plus day delinquent population across a $4 billion portfolio [32] Market Data and Key Metrics Changes - The company experienced a modest recovery in book value during the fourth quarter, attributed to unrealized mark-to-market gains due to credit spread tightening [39] - The market conditions are expected to remain volatile, with modest volume increases anticipated as the impact of current factors wears off [18] Company Strategy and Development Direction - The management team emphasized a disciplined approach to financing and risk management, avoiding undue risks during market volatility [24] - The company plans to leverage its liquidity to capitalize on opportunities in the higher interest rate environment [27][28] - There is a focus on maintaining credit standards despite lower origination volumes, as home prices are expected to decline [52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the earnings power of the portfolio despite significant unrealized losses [4][29] - The outlook for 2023 is cautiously optimistic, with expectations of returning to profitability [18][9] - Management acknowledged the challenges posed by the current economic backdrop but remains focused on executing their strategy [28] Other Important Information - The company repurchased approximately 2.7 million shares at a weighted average price of $6.82, creating a 7% accretion for shareholders [5][40] - The company has approximately $87 million in liquidity, which has increased to about $120 million following recent securitization [62] Q&A Session Summary Question: How much of the $120 million liquidity is available for investments? - The company estimates that $40 million to $50 million will be maintained as operational cash, leaving significant liquidity for investments [64] Question: What is the health of financing subordinates in the current market? - The company expects that as underlying securitizations are leveraged, the availability of additional financing will increase over time [66] Question: What is the current run rate earnings power of the portfolio? - The management indicated that quarter-to-quarter earnings may be choppy, but they are focusing on long-term earnings potential [69] Question: How does the company view capital deployment versus stock buybacks? - The company is conscious of maintaining liquidity while also considering accretive stock buybacks depending on stock price [70] Question: What opportunities does the company see in the current market? - The company is exploring opportunities in prime second liens and home equity lines of credit, given the current market conditions [80]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35151 ___________________________________________________________________ ...

AG Mortgage Investment Trust, Inc. (NYSE:MITT) Q3 2022 Earnings Conference Call November 4, 2022 8:30 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rossiello - Chief Financial Officer Conference Call Participants Doug Harter - Credit Suisse Trevor Cranston - JMP Securities Jason Stewart - Jones Trading Eric Hagen - BTIG Operator Good day, and thank you for standing by. Welcome to the AG Mortgage Trust ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35151 _____________________________________________________________________ AG ...

AG Mortgage Investment Trust, Inc. (NYSE:MITT) Q2 2022 Results Conference Call August 3, 2022 5:00 PM ET Company Participants Jenny Neslin - General Counsel David Roberts - Chairman and CEO T.J. Durkin - President Nick Smith - Chief Investment Officer Anthony Rossiello - CFO Conference Call Participants Mike Smith - KBW Trevor Cranston - JMP Securities Matthew Erdner - Jones Trading Doug Harter - Credit Suisse Operator Welcome to the AG Mortgage Investment Trust Second Quarter 2022 Earnings Conference Call. ...