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AG Mortgage Investment Trust, Inc.(MITT) and its subsidiaries have released their Consolidated Balance Sheets and Statements of Operations for the second quarter of 2023, unveiling their financial performance in the face of dynamic market conditions. The figures reveal net income of $3.47 million for the quarter and a revenue of $11.36 million. The company's asset and liability structure, as well as its equity position, offer insights into its financial health and resilience

AG Mortgage Investment Trust Reports Net Income of $3.47 Million in Q2 2023

Q2 2023 Revenue Stands at $11.36 Million for AG Mortgage Investment Trust

By USInMinutes
Published - Aug 07, 2023, 07:55 AM ET
Last Updated - Aug 21, 2024, 03:16 AM EDT

AG Mortgage Investment Trust, Inc.(MITT) and its subsidiaries have released their Consolidated Balance Sheets and Statements of Operations for the second quarter of 2023, unveiling their financial performance in the face of dynamic market conditions. The figures reveal net income of $3.47 million for the quarter and a revenue of $11.36 million. The company's asset and liability structure, as well as its equity position, offer insights into its financial health and resilience.

Consolidated Balance Sheets Highlight Stable Asset Growth

As of June 30, 2023, AG Mortgage Investment Trust, Inc. and its subsidiaries displayed a robust asset portfolio, with a total asset value of $4.62 billion. This indicates a steady growth trajectory compared to the previous year's figure of $4.37 billion. Notable components of the asset portfolio include securitized residential mortgage loans, which were valued at $3.79 billion, as well as real estate securities valued at $314.48 million. The company's investments in debt and equity of affiliates stood at $68.15 million, contributing to its diversified asset base.

Liabilities Reflect Responsible Management

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