Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 165

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 165
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ment related expenses6,883 6,774 109 Transaction related expenses4,079 1,480 2,599 Total Expenses21,431 17,608 3,823 Income/(loss) before equity in earnings/(loss) from affiliates14,006 21,867 (7,861)Equity in earnings/(loss) from affiliates1,416 2,948 (1,532)Net Income/(Loss)15,422 24,815 (9,393)Dividends on preferred stock(10,625)(9,172)(1,453)Net Income/(Loss) Available to Common Stockholders$4,797 $15,643 $(10,846)

Interest income

Interest income increased from the six months ended June 30, 2024 to the six months ended June 30, 2025  primarily as a result of purchases of residential mortgage loans and non-agency RMBS during the period and an increase in the weighted average yield of our investment portfolio. The following table presents a summary of the weighted average amortized cost of and the weighted average yield on our GAAP investment portfolio ($ in millions).

Six Months EndedJune 30, 2025June 30, 2024Increase/(Decrease)Weighted average amortized cost of our GAAP investment portfolio$7,281 $6,631 $650 Weighted average yield on our GAAP investment portfolio6.04 %5.89 %0.15 %

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Interest expense

Interest expense increased from the six months ended June 30, 2024 to the six months ended June 30, 2025 due to an increase in the GAAP financing balance outstanding resulting from the issuance of securitized debt and Senior Unsecured Notes during the period, offset by the repayment of the Legacy WMC Convertible Notes upon maturity in September 2024. Additionally, there was an increase in the weighted average financing rate. The following table presents a summary of the weighted average financing balance and the weighted average financing rate on our GAAP investment portfolio ($ in millions).

Six Months EndedJune 30, 2025June 30, 2024Increase/(Decrease)Weighted average GAAP financing balance$6,829 $6,220 $609 Weighted average financing rate on our GAAP investment portfolio5.37 %5.20 %0.17 %

Net interest component of interest rate