AG Mortgage reports Q4 earnings available for distribution 18c, consensus 20c

Reports $10.64 book value per share as of December 31, 2024. “MITT was able to deliver strong performance despite a challenging macro-economic environment, increasing book value and achieving a 2.4% quarterly economic return on equity, demonstrating its uniquely differentiated strategy,” said T.J. Durkin, CEO and President. “Our ability to leverage the support and power of our external manager, TPG, has not only been instrumental in the WMC acquisition, which has been a resounding success for our shareholders, but has also enabled us to be nimble in asset allocation, seamlessly rotating in multiple flavors of non-agency credit in order to seize strategic market opportunities as they emerge.” Durkin continued, “I’m looking forward to another great year for MITT as we remain committed to our growth initiatives, creating greater value for our shareholders.”