<p>在最近的財報電話會議上，AG Mortgage Investment Trust 表現出總體積極的情緒，強調在提高賬面價值、收益分配和投資組合增長方面取得了顯著成就。公司慶祝來自 Arc Home 的強大貢獻，儘管也承認在處理遺留的 WMC CRE 貸款和 Arc Home 收購帶來的稀釋影響方面面臨挑戰。</p>
<h2>賬面價值增加</h2>
<p>儘管因收購 Arc Home 股份面臨 1.8% 的稀釋，公司報告其賬面價值從 10.39 美元增加至 10.46 美元。這一增長得益於 0.21 美元的股息，展示了公司在收購相關挑戰中增強股東價值的能力。</p>
<h2>收益增加</h2>
<p>AG Mortgage Investment Trust 的可分配收益（EAD）上升至每股 0.23 美元，較上季度的 0.18 美元有所增加。這一增長主要得益於其核心投資組合的強勁表現，表明了強大的運營效率和戰略投資決策。</p>
<h2>投資組合增長</h2>
<p>投資組合經歷了顯著增長，擴展超過 20%。公司收購了 17 億美元的住宅抵押貸款，並執行了四項證券化，反映出其在擴大資產基礎和增強市場地位方面的戰略重點。</p>
<h2>Arc Home 貢獻</h2>
<p>Arc Home 對 EAD 的貢獻顯著，達每股 0.03 美元，且在家庭淨值信貸額度（HELOC）方面創下了記錄量，並實現了盈利增長。這突顯了 Arc Home 的戰略重要性及其在推動公司財務表現中的作用。</p>
<h2>遺留 WMC CRE 貸款</h2>
<p>公司已停止對遺留 WMC CRE 貸款的計提，因為它正在進行貨幣化過程。此決定可能會延遲資本重新配置，但在管理遺留資產挑戰方面是必要的一步。</p>
<h2>Arc Home 收購的稀釋</h2>
<p>收購額外 21.4% 的 Arc Home 導致了 1.8% 的稀釋。儘管如此，此次收購被視為增加所有權並利用 Arc Home 增長潛力的戰略舉措。</p>
<h2>前瞻性指引</h2>
<p>展望未來，AG Mortgage Investment Trust 計劃從認購權中重新部署 1500 萬至 3000 萬美元的股本，並預計 Arc Home 的盈利能力將進一步增長。公司預計可分配收益將在每季度 0.04 至 0.05 美元之間正常化，得益於再融資努力和戰略資產貨幣化。</p>
<p>總之，AG Mortgage Investment Trust 的財報電話會議反映出積極的前景，在賬面價值和收益增長方面取得了顯著成就。儘管存在挑戰，特別是在遺留資產方面，但公司的戰略舉措和 Arc Home 的貢獻使其在未來的增長和盈利能力方面處於良好位置。</p>

MITT

<p>AG Mortgage Investment Trust 最近的財報電話會議強調了賬面價值、收益分配和投資組合的增長，儘管面臨來自遺留的 WMC 商業房地產貸款的挑戰以及 Arc Home 收購帶來的稀釋。賬面價值從 10.39 美元增加到 10.46 美元，每股可分配收益上升至 0.23 美元。投資組合增長超過 20%，得益於 17 億美元的住宅抵押貸款收購。展望未來，公司計劃重新部署 1500 萬到 3000 萬美元的股本，並預計每季度收益將在 0.04 到 0.05 美元之間正常化</p>

<p>During the recent earnings call, AG Mortgage Investment Trust demonstrated a generally positive sentiment, highlighting significant achievements in increasing book value, earnings distribution, and investment portfolio growth. The company celebrated the strong contributions from Arc Home, although it acknowledged challenges with legacy WMC CRE loans and the dilution impact from the Arc Home acquisition.</p>
<div class="lb-trans"><p>在最近的財報電話會議上，AG Mortgage Investment Trust 表現出總體積極的情緒，強調在提高賬面價值、收益分配和投資組合增長方面取得了顯著成就。公司慶祝來自 Arc Home 的強大貢獻，儘管也承認在處理遺留的 WMC CRE 貸款和 Arc Home 收購帶來的稀釋影響方面面臨挑戰。</p>
</div><h2>Increased Book Value</h2>
<div class="lb-trans"><h2>賬面價值增加</h2>
</div><p>The company reported an increase in its book value from $10.39 to $10.46, despite facing a 1.8% dilution from the acquisition of Arc Home shares. This growth was supported by a $0.21 dividend, showcasing the company’s ability to enhance shareholder value even amidst acquisition-related challenges.</p>
<div class="lb-trans"><p>儘管因收購 Arc Home 股份面臨 1.8% 的稀釋，公司報告其賬面價值從 10.39 美元增加至 10.46 美元。這一增長得益於 0.21 美元的股息，展示了公司在收購相關挑戰中增強股東價值的能力。</p>
</div><h2>Earnings Increase</h2>
<div class="lb-trans"><h2>收益增加</h2>
</div><p>AG Mortgage Investment Trust saw a rise in earnings available for distribution (EAD) to $0.23 per share, up from $0.18 in the previous quarter. This increase was primarily driven by the robust performance of its core investment portfolio, indicating strong operational efficiency and strategic investment decisions.</p>
<div class="lb-trans"><p>AG Mortgage Investment Trust 的可分配收益（EAD）上升至每股 0.23 美元，較上季度的 0.18 美元有所增加。這一增長主要得益於其核心投資組合的強勁表現，表明了強大的運營效率和戰略投資決策。</p>
</div><h2>Investment Portfolio Growth</h2>
<div class="lb-trans"><h2>投資組合增長</h2>
</div><p>The investment portfolio experienced significant growth, expanding by over 20%. The company acquired $1.7 billion in residential mortgage loans and executed four securitizations, reflecting its strategic focus on expanding its asset base and enhancing its market position.</p>
<div class="lb-trans"><p>投資組合經歷了顯著增長，擴展超過 20%。公司收購了 17 億美元的住宅抵押貸款，並執行了四項證券化，反映出其在擴大資產基礎和增強市場地位方面的戰略重點。</p>
</div><h2>Arc Home Contribution</h2>
<div class="lb-trans"><h2>Arc Home 貢獻</h2>
</div><p>Arc Home made a notable contribution of $0.03 per share to the EAD, with record volumes in Home Equity Line of Credit (HELOC) and profitability growth. This highlights Arc Home’s strategic importance and its role in driving the company’s financial performance.</p>
<div class="lb-trans"><p>Arc Home 對 EAD 的貢獻顯著，達每股 0.03 美元，且在家庭淨值信貸額度（HELOC）方面創下了記錄量，並實現了盈利增長。這突顯了 Arc Home 的戰略重要性及其在推動公司財務表現中的作用。</p>
</div><h2>Legacy WMC CRE Loans</h2>
<div class="lb-trans"><h2>遺留 WMC CRE 貸款</h2>
</div><p>The company has turned off accruals for legacy WMC CRE loans as it navigates the monetization process. This decision may delay capital reallocation but is a necessary step in managing legacy asset challenges.</p>
<div class="lb-trans"><p>公司已停止對遺留 WMC CRE 貸款的計提，因為它正在進行貨幣化過程。此決定可能會延遲資本重新配置，但在管理遺留資產挑戰方面是必要的一步。</p>
</div><h2>Dilution from Arc Home Acquisition</h2>
<div class="lb-trans"><h2>Arc Home 收購的稀釋</h2>
</div><p>The acquisition of an additional 21.4% of Arc Home resulted in a 1.8% dilution. Despite this, the acquisition is seen as a strategic move to increase ownership and leverage Arc Home’s growth potential.</p>
<div class="lb-trans"><p>收購額外 21.4% 的 Arc Home 導致了 1.8% 的稀釋。儘管如此，此次收購被視為增加所有權並利用 Arc Home 增長潛力的戰略舉措。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指引</h2>
</div><p>Looking ahead, AG Mortgage Investment Trust plans to redeploy $15 to $30 million of equity from call rights and anticipates further growth from Arc Home’s profitability. The company expects earnings available for distribution to normalize between $0.04 and $0.05 per quarter, supported by refinancing efforts and strategic asset monetization.</p>
<div class="lb-trans"><p>展望未來，AG Mortgage Investment Trust 計劃從認購權中重新部署 1500 萬至 3000 萬美元的股本，並預計 Arc Home 的盈利能力將進一步增長。公司預計可分配收益將在每季度 0.04 至 0.05 美元之間正常化，得益於再融資努力和戰略資產貨幣化。</p>
</div><p>In summary, AG Mortgage Investment Trust’s earnings call reflected a positive outlook with notable achievements in book value and earnings growth. While challenges exist, particularly with legacy assets, the company’s strategic initiatives and Arc Home’s contributions position it well for future growth and profitability.</p>
<div class="lb-trans"><p>總之，AG Mortgage Investment Trust 的財報電話會議反映出積極的前景，在賬面價值和收益增長方面取得了顯著成就。儘管存在挑戰，特別是在遺留資產方面，但公司的戰略舉措和 Arc Home 的貢獻使其在未來的增長和盈利能力方面處於良好位置。</p>
</div>

AG Mortgage Investment Trust 的財報電話會議突出了其增長和麪臨的挑戰