Exhibit 12.1

AG Mortgage Investment Trust, Inc.

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

The following table sets forth the calculation of our ratio of earnings to combined fixed charges and preferred stock dividends for each of the periods indicated:

	Period from
	March 7, 2011 to		Year Ended
	December 31, 2011		December 31, 2012
Net Income		18,970,696		134,935,917
Fixed Charges (1)		4,132,336		28,797,622
Preferred stock dividends		-		4,137,010
Total fixed charges and preferred stock dividends		4,132,336		32,934,632
Earnings available to cover fixed charges and preferred stock dividends		23,103,032		167,870,549
Ratio of earnings to combined fixed charges and preferred stock dividends		5.6		5.1

(1) Fixed charges consist of interest expense on all indebtedness reported for GAAP, plus $0.3 million and $3.8 million relating to the underlying interest charge on repurchase agreements accounted for as a component of linked transactions, and $2.2 million and $10.0 million relating to the net periodic interest settlements of interest rate swaps for the period ended December 31, 2011 and the year ended December 31, 2012, respectively.