Company: MITN
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001514281-25-000026
Chunk: 126

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 126
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 from our consolidated statements of operations for the years ended December 31, 2024 and 2023 (in thousands):

Years EndedChangeDecember 31, 2024December 31, 2023Statement of Operations Data:   Net Interest Income   Interest income$408,495 $260,329 $148,166 Interest expense342,603 212,500 130,103 Total Net Interest Income65,892 47,829 18,063 Other Income/(Loss)   Net interest component of interest rate swaps7,617 6,680 937 Net realized gain/(loss)(2,918)7,697 (10,615)Net unrealized gain/(loss)16,956 1,450 15,506 Bargain purchase gain— 30,190 (30,190)Total Other Income/(Loss)21,655 46,017 (24,362)Expenses   Management fee to affiliate7,533 7,711 (178)Non-investment related expenses10,732 10,077 655 Investment related expenses13,522 9,808 3,714 Transaction related expenses3,164 11,076 (7,912)Total Expenses34,951 38,672 (3,721)Income/(loss) before equity in earnings/(loss) from affiliates52,596 55,174 (2,578)Equity in earnings/(loss) from affiliates3,141 (1,390)4,531 Net Income/(Loss)55,737 53,784 1,953 Dividends on preferred stock(19,353)(18,344)(1,009)Net Income/(Loss) Available to Common Stockholders$36,384 $35,440 $944 

Interest income

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

Interest income increased from December 31, 2023 to December 31, 2024 primarily as a result of an increased investment portfolio resulting from the WMC acquisition in December 2023 along with purchases of residential mortgage loans and real estate securities during the year and an increase in the weighted average yield of our investment portfolio. The following table presents a summary of the weighted average amortized cost of and the weighted average yield on our GAAP investment portfolio for the years ended December 31, 2024 and 2023