AG Mortgage Investment Trust(MITT) - 2023 Q2 - Earnings Call Presentation

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]