Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 11

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 11
---
 common shares in accordance with GAAP as of quarter-end. 

June 30, 2025December 31, 2024Stockholders’ Equity$536,407 $543,423 Less: Liquidation preference of preferred stock(227,991)(227,991)Book Value$308,416 $315,432 Common shares outstanding29,691 29,640 Book value per common share$10.39 $10.64 

Results of Operations

Our operating results can be affected by a number of factors and primarily depend on the size and composition of our investment portfolio, the level of our net interest income, the fair value of our assets and the supply of, and demand for, our investments in residential mortgage loans in the marketplace, among other things, which can be impacted by unanticipated credit events, such as defaults, liquidations or delinquencies, experienced by borrowers whose residential mortgage loans are included in our investment portfolio and other unanticipated events in our markets. Our primary source of net income or loss available to common stockholders is our net interest income, inclusive of our cost or benefit of hedging, which represents the difference between the interest earned on our investment portfolio and the costs of financing and economic hedges in place on our investment portfolio, as well as any income or losses from our equity investments in affiliates. 

47

Three Months Ended June 30, 2025 compared to the Three Months Ended June 30, 2024

The table below presents certain information from our consolidated statements of operations for the three months ended June 30, 2025 and 2024 (in thousands).

Three Months EndedJune 30, 2025June 30, 2024ChangeStatement of Operations Data:   Net Interest Income   Interest income$110,865 $99,815 $11,050 Interest expense93,113 83,434 9,679 Total Net Interest Income17,752 16,381 1,371 Other Income/(Loss)  Net interest component of interest rate swaps821 2,367 (1,546)Net realized gain/(loss)(3,494)1,963 (5,457)Net unrealized gain/(loss)(40)(9,226)9,186 Total Other Income/(Loss)(2,713)(4,896)2,183 Expenses  Management fee to affiliate2,301 1,753 548 Non-investment