AG Mortgage Investment Trust, Inc. Reports First Quarter 2020 Results
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AG Mortgage Investment Trust (MITT) Reports Q1 Loss of $14.98; 'We are not disclosing Core Earnings' due to COVID-19 Pandemic
June 12, 2020 6:58 AM EDTAG Mortgage Investment Trust (NYSE: MITT) reported Q1 EPS of ($14.98), versus $0.84 reported last year. Revenue for the quarter came in at $20.3 million versus the consensus estimate of $22.15 million.
FIRST QUARTER 2020 FINANCIAL SNAPSHOT
$(14.98) of Net Income/(Loss) per diluted common share(1)$2.63 Book Value per share(1) as of March 31, 2020 versus $17.61 as of December 31, 2019$1.6 billion Investment Portfolio with a 3.3x Economic Leverage Ratio as of March 31, 2020 as compared to the $4.4 billion and 4.1x, respectively, as of December 31, 2019(2)(3)(4)$1.2 billion of financing arrangements as of March 31, 2020(a) as compared to the $3.5 billion as of... More