Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 13

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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.31 %0.13 %

Net interest component of interest rate swaps  

Net interest component of interest rate swaps represents the net interest income received or expense paid on our interest rate swaps.

We recorded income on the net interest component of interest rate swaps during the three months ended September 30, 2025 and 2024 as a result of our swap portfolio being in a net receive position during the periods. The decrease in income from the three months ended September 30, 2024 to the three months ended September 30, 2025 was the result of a decrease in the weighted average receive rate and weighted average notional balance. The following table presents a summary of our interest rate swap portfolio as of September 30, 2025 and 2024 ($ in millions).

Three Months EndedSeptember 30, 2025September 30, 2024ChangeNet weighted average interest rate swap notional value$425 $522 $(97)Net weighted average (pay)/receive rate1.04 %1.67 %(0.63)%    

Net realized gain/(loss)

The following table presents a summary of Net realized gain/(loss) for the three months ended September 30, 2025 and 2024 (in thousands). During the three months ended September 30, 2025, net realized losses primarily related to short TBAs and  unwinding certain pay-fix, receive-float interest rate swap agreements, which were held at unrealized losses. 

Three Months Ended September 30, 2025September 30, 2024Sales of residential mortgage loans and loans transferred to or sold from Other assets$(240)$124 Loan purchase commitment356 — Sales of real estate securities— 10,297 Settlement of derivatives and other instruments(3,694)(21,209)Total Net realized gain/(loss)$(3,578)$(10,788)

50

Net unrealized gain/(loss)

The following table presents a summary of Net unrealized gain/(loss) for the three months ended September 30, 2025 and 2024 (in thousands). During the three months ended September 30, 2025, we recognized unrealized gains on residential mortgage loans and Non-Agency RMBS, offset by unrealized losses on securitized debt, CMBS, commercial loans, short TBAs, interest rate swaps, and loan purchase commitments.

Three Months Ended September 30, 2025September 30,