Company: MITN
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001514281-25-000026
Chunk: 7

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 7
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 related expenses (1)13,522 9,808 Transaction related expenses (1)3,164 11,076 Total Expenses34,951 38,672 Income/(loss) before equity in earnings/(loss) from affiliates52,596 55,174 Equity in earnings/(loss) from affiliates3,141 (1,390)Net Income/(Loss)55,737 53,784 Dividends on preferred stock(19,353)(18,344)Net Income/(Loss) Available to Common Stockholders$36,384 $35,440 Earnings/(Loss) Per Share of Common StockBasic$1.23 $1.68 Diluted$1.23 $1.68 Weighted Average Number of Shares of Common Stock OutstandingBasic29,487 21,095 Diluted29,514 21,097         

(1)Refer to Note 10 for additional details on related party transactions. 

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

88

AG Mortgage Investment Trust, Inc. and Subsidiaries

Consolidated Statements of Stockholders' Equity

(in thousands)

 Common StockPreferred StockAdditional Paid-in CapitalRetainedEarnings/(Deficit)  SharesAmountTotalBalance at January 1, 202321,284 $212 $220,472 $778,606 $(536,490)$462,800 Common stock issued pursuant to WMC Merger9,202 92 — 51,071 — 51,163 Repurchase of common stock(1,110)(11)— (6,341)— (6,352)Grant of restricted stock and amortization of equity based compensation61 1 — 379 — 380 Common dividends declared— — — — (15,063)(15,063)Preferred dividends declared— — — — (18,344)(18,344)Net Income/(Loss)— — — — 53,784 53,784 Balance at December 31, 202329,437 $294 $220,472 $823,715 $(516,113)$528,368 Balance at January 1, 202429,437 $294 $220,472 $823,715 $(516,113)$528,368 Grant of restricted stock