Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 79

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 the Company consolidating the variable interest entities that were created to facilitate these securitizations as the Company was determined to be the primary beneficiary. The "Securitized debt, at fair value" is collateralized by the "Securitized residential mortgage loans, at fair value" held within the securitization trusts. See Note 3 and Note 6 for additional details. 

(2)Refer to Note 7 and Note 10 for additional details on amounts payable to affiliates.

The accompanying notes are an integral part of these unaudited consolidated financial statements.

3

AG Mortgage Investment Trust, Inc. and Subsidiaries

Consolidated Statements of Operations (Unaudited)

(in thousands, except per share data)

Three Months EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Net Interest IncomeInterest income$110,865 $99,815 $219,995 $195,387 Interest expense93,113 83,434 183,394 161,827 Total Net Interest Income17,752 16,381 36,601 33,560 Other Income/(Loss)Net interest component of interest rate swaps821 2,367 1,558 4,267 Net realized gain/(loss)(3,494)1,963 (3,484)860 Net unrealized gain/(loss)(40)(9,226)762 788 Total Other Income/(Loss)(2,713)(4,896)(1,164)5,915 ExpensesManagement fee to affiliate (1)2,301 1,753 4,628 3,494 Non-investment related expenses (1)2,533 2,746 5,841 5,860 Investment related expenses (1)3,473 3,491 6,883 6,774 Transaction related expenses (1)3,018 481 4,079 1,480 Total Expenses11,325 8,471 21,431 17,608 Income/(loss) before equity in earnings/(loss) from affiliates3,714 3,014 14,006 21,867 Equity in earnings/(loss) from affiliates231 911 1,416 2,948 Net Income/(Loss)3,945 3,925 15,422 24,