Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 159

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 159
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 affiliates. 

48

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

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

Three Months EndedSeptember 30, 2025September 30, 2024ChangeStatement of Operations Data:   Net Interest Income   Interest income$124,714 $107,456 $17,258 Interest expense105,232 92,506 12,726 Total Net Interest Income19,482 14,950 4,532 Other Income/(Loss)  Net interest component of interest rate swaps1,108 2,180 (1,072)Net realized gain/(loss)(3,578)(10,788)7,210 Net unrealized gain/(loss)13,199 19,700 (6,501)Total Other Income/(Loss)10,729 11,092 (363)Expenses  Management fee to affiliate2,319 1,708 611 Non-investment related expenses2,603 2,734 (131)Investment related expenses4,322 3,411 911 Transaction related expenses1,962 684 1,278 Total Expenses11,206 8,537 2,669 Income/(loss) before equity in earnings/(loss) from affiliates19,005 17,505 1,500 Equity in earnings/(loss) from affiliates1,645 (849)2,494 Income/(Loss) before Income Taxes20,650 16,656 3,994 Income tax expense689 16 673 Net Income/(Loss)19,961 16,640 3,321 Dividends on preferred stock5,344 4,716 628 Net Income/(Loss) Available to Common Stockholders$14,617 $11,924 $2,693 

Interest income

Interest income is calculated using the effective interest method for our GAAP investment portfolio.

Interest income increased from the three months ended September 30, 2024 to the three months ended September 30, 2025 primarily due to a higher weighted average amortized cost of our GAAP investment portfolio as a result of purchases of residential mortgage loans and Non-Agency RMBS and an increase in the weighted average yield