Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 168

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 168
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Total Investment related expenses$6,883 $6,774 

Transaction related expenses

Transaction related expenses increased from the six months ended June 30, 2024 to the six months ended June 30, 2025 primarily due to increased expenses associated with securitizations.

Equity in earnings/(loss) from affiliates

The below tables summarize the components of the "Equity in earnings/(loss) from affiliates" line item on our consolidated statements of operations (in thousands).

Six Months EndedJune 30, 2025June 30, 2024MATT Non-QM Securities (1)$197 $1,377 Re/Non-Performing Securities(120)316 AG Arc (2)1,339 1,255 Equity in earnings/(loss) from affiliates$1,416 $2,948 

(1)For the six months ended June 30, 2025, the earnings/(loss) generated from our investment in MATT Non-QM Securities consisted of interest income of $1.3 million, net unrealized losses of $(1.0) million, and other expenses of $(0.1) million. For the six months ended June 30, 2024, the earnings/(loss) generated from our investment in MATT Non-QM Securities consisted of interest income of $1.6 million, net unrealized losses of $(0.1) million, and other expenses of $(0.1) million.

(2)Refer to the table below for additional detail on the earnings/(loss) generated from our investment in AG Arc. 

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The below table further disaggregates our "Equity in earnings/(loss) from affiliates" line item on our consolidated statements of operations (in thousands).

Six Months EndedJune 30, 2025June 30, 2024Interest income$1,326 $2,131 Interest expense3 144 Total Net Interest Income1,323 1,987 Net unrealized gain/(loss)(1,149)(178)After-tax earnings/(loss) at AG Arc (1)24 162 Net unrealized gain/(loss) on investment in AG Arc (2)1,403 1,699 Elimination of gains on loans sold to MITT (3)(88)(606)Total AG Arc Earnings/(Loss)1,339 1,255 Other operating expenses97 116 Equity in earnings/(loss)