Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 30

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 declared, respectively.

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

5

AG Mortgage Investment Trust, Inc. and Subsidiaries

Consolidated Statements of Cash Flows (Unaudited)

(in thousands)

Three Months EndedMarch 31, 2025March 31, 2024Cash Flows from Operating ActivitiesNet income/(loss)$11,477 $20,890 Adjustments to reconcile net income/(loss) to net cash provided by (used in) operating activities:Net amortization of premium/(discount)3,605 2,428 Net realized (gain)/loss(10)1,103 Net unrealized (gain)/loss(802)(10,014)Grant of restricted stock and amortization of equity based compensation208 194 Equity in (earnings)/loss from affiliates(1,185)(2,037)Distributions of income from investments in debt and equity of affiliates— 887 Change in operating assets/liabilities:Other assets1,112 3,056 Other liabilities(2,408)(4,535)Net cash provided by (used in) operating activities11,997 11,972 Cash Flows from Investing ActivitiesPurchases of residential mortgage loans(497,417)(288,145)Purchases of real estate securities(26,064)(127,991)Proceeds from sales of residential mortgage loans20,428 — Proceeds from sales of real estate securities2,672 19,318 Principal repayments on residential mortgage loans187,762 140,625 Principal repayments on real estate securities2,404 869 Principal funding on residential mortgage loans(2,381)— Distributions received in excess of income from investments in debt and equity of affiliates2,097 1,611 Net settlement of interest rate swaps and other instruments(6,436)4,390 Net settlement of TBAs— 10 Cash flows provided by other investing activities2,210 1,082 Net cash provided by (used in) investing activities(314,725)(248,231)Cash Flows from Financing ActivitiesNet borrowings under (repayments of) financing arrangements67,868 (30,295)Principal repayments on fixed-rate long-term financing arrangements(3,113)(2,895)Proceeds from issuance of senior unsecured notes— 32,763 Repurchases of convertible senior unsecured notes— (7,