AG Mortgage Investment Trust Past Earnings Performance
Past criteria checks 2/6
AG Mortgage Investment Trust has been growing earnings at an average annual rate of 20.8%, while the Mortgage REITs industry saw earnings growing at 5.2% annually. Revenues have been growing at an average rate of 24.1% per year. AG Mortgage Investment Trust's return on equity is 10.2%, and it has net margins of 55.7%.
Key information
20.8%
Earnings growth rate
23.9%
EPS growth rate
| Mortgage REITs Industry Growth | 4.5% |
| Revenue growth rate | 24.1% |
| Return on equity | 10.2% |
| Net Margin | 55.7% |
| Next Earnings Update | 03 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How AG Mortgage Investment Trust makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 64 | 35 | 8 | 0 |
| 30 Sep 23 | 68 | 12 | 8 | 0 |
| 30 Jun 23 | 68 | 11 | 8 | 0 |
| 31 Mar 23 | 20 | -46 | 8 | 0 |
| 31 Dec 22 | 0 | -71 | 8 | 0 |
| 30 Sep 22 | 3 | -72 | 8 | 0 |
| 30 Jun 22 | 27 | -35 | 7 | 0 |
| 31 Mar 22 | 81 | 29 | 7 | 0 |
| 31 Dec 21 | 103 | 86 | 7 | 0 |
| 30 Sep 21 | 116 | 127 | 7 | 0 |
| 30 Jun 21 | 93 | 112 | 7 | 0 |
| 31 Mar 21 | 92 | 98 | 7 | 0 |
| 31 Dec 20 | -368 | -432 | 7 | 0 |
| 30 Sep 20 | -366 | -448 | 8 | 0 |
| 30 Jun 20 | -358 | -456 | 9 | 0 |
| 31 Mar 20 | -351 | -436 | 10 | 0 |
| 31 Dec 19 | 123 | 81 | 10 | 0 |
| 30 Sep 19 | 57 | 11 | 10 | 0 |
| 30 Jun 19 | 54 | 24 | 10 | 0 |
| 31 Mar 19 | 41 | 12 | 10 | 0 |
| 31 Dec 18 | 15 | -10 | 10 | 0 |
| 30 Sep 18 | 70 | 51 | 10 | 0 |
| 30 Jun 18 | 90 | 63 | 10 | 0 |
| 31 Mar 18 | 112 | 88 | 10 | 0 |
| 31 Dec 17 | 129 | 105 | 10 | 0 |
| 30 Sep 17 | 105 | 80 | 10 | 0 |
| 30 Jun 17 | 120 | 90 | 10 | 0 |
| 31 Mar 17 | 109 | 78 | 10 | 0 |
| 31 Dec 16 | 84 | 50 | 10 | 0 |
| 30 Sep 16 | 85 | 51 | 10 | 0 |
| 30 Jun 16 | 39 | 4 | 10 | 0 |
| 31 Mar 16 | 21 | -15 | 10 | 0 |
| 31 Dec 15 | 35 | 0 | 10 | 0 |
| 30 Sep 15 | 52 | 15 | 10 | 0 |
| 30 Jun 15 | 76 | 38 | 10 | 0 |
| 31 Mar 15 | 112 | 78 | 10 | 0 |
| 31 Dec 14 | 130 | 96 | 10 | 0 |
| 30 Sep 14 | 131 | 98 | 10 | 0 |
| 30 Jun 14 | 113 | 82 | 10 | 0 |
| 31 Mar 14 | 4 | -31 | 11 | 0 |
| 31 Dec 13 | -8 | -45 | 11 | 0 |
| 30 Sep 13 | -6 | -44 | 11 | 0 |
| 30 Jun 13 | 49 | 14 | 10 | 0 |
Quality Earnings: MITT.PRA has a large one-off gain of $22.1M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: MITT.PRA became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MITT.PRA has become profitable over the past 5 years, growing earnings by 20.8% per year.
Accelerating Growth: MITT.PRA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MITT.PRA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-6.2%).
Return on Equity
High ROE: MITT.PRA's Return on Equity (10.2%) is considered low.