Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 167

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 167
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 value$388 $527 $(139)Net weighted average (pay)/receive rate0.92 %1.63 %(0.71)%

Net realized gain/(loss)

The following table presents a summary of Net realized gain/(loss) for the nine months ended September 30, 2025 and 2024 (in thousands). The net realized loss during the nine months ended September 30, 2025 was primarily driven by losses from unwinding certain pay-fix, receive-float interest rate swap agreements and short TBAs, which were held at unrealized losses, and losses recognized on the sale of non-agency loans and re- and non-performing loans.

Nine Months Ended September 30, 2025September 30, 2024Sales of residential mortgage loans and loans transferred to or sold from Other assets$(1,947)$323 Loan purchase commitment356 — Sales of real estate securities169 13,024 Settlement of derivatives and other instruments(5,640)(23,275)Total Net realized gain/(loss)$(7,062)$(9,928)

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Net unrealized gain/(loss)

The following table presents a summary of Net unrealized gain/(loss) for the nine months ended September 30, 2025 and 2024 (in thousands). During the nine months ended September 30, 2025, we recognized unrealized gains on our residential mortgage loans, non-agency RMBS, and CMBS, which were offset by unrealized losses on securitized debt, interest rate swaps, and commercial loans.

Nine Months Ended September 30, 2025September 30, 2024Residential mortgage loans$163,237 $207,250 Commercial loans(9,606)322 Real estate securities6,871 (706)Securitized debt(137,742)(188,779)Loan purchase commitment(410)— Derivatives(8,389)2,401 Total Net unrealized gain/(loss)$13,961 $20,488 

Management fee to affiliate

During the nine months ended September 30, 2024, the base management fee was reduced by $1.8 million in connection with the WMC acquisition. 

Non-investment related expenses

The following table presents a summary of our non-investment related expenses (in thousands).

Nine Months EndedSeptember 30, 2025September 30, 2024Affiliate reimbursement (