Company: MITN
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001514281-25-000026
Chunk: 181

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 181
---
ancing arrangements742,108 767,592 Convertible senior unsecured notes— 85,266 Senior unsecured notes95,721 — Dividend payable5,632 1,472 Other liabilities (2)34,758 32,107 Total Liabilities6,370,186 5,598,060 Commitments and Contingencies (Note 12)Stockholders' Equity  Preferred stock - $227,991 aggregate liquidation preference220,472220,472 Common stock, par value $0.01 per share; 450,000 shares of common stock authorized and 29,640 and 29,437 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively296 294 Additional paid-in capital824,380 823,715 Retained earnings/(deficit)(501,725)(516,113)Total Stockholders' Equity543,423 528,368 Total Liabilities & Stockholders' Equity$6,913,609 $6,126,428 

(1)These balances relate to certain residential mortgage loans which were securitized resulting in the Company consolidating the variable interest entities that were created to facilitate these securitizations as the Company was determined to be the primary beneficiary. See Note 3 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 consolidated financial statements.

87

AG Mortgage Investment Trust, Inc. and Subsidiaries

Consolidated Statements of Operations 

(in thousands, except per share data)

Years EndedDecember 31, 2024December 31, 2023Net Interest Income  Interest income$408,495 $260,329 Interest expense342,603 212,500 Total Net Interest Income65,892 47,829 Other Income/(Loss)Net interest component of interest rate swaps7,617 6,680 Net realized gain/(loss)(2,918)7,697 Net unrealized gain/(loss)16,956 1,450 Bargain purchase gain— 30,190 Total Other Income/(Loss)21,655 46,017 ExpensesManagement fee to affiliate (1)7,533 7,711 Non-investment related expenses (1)10,732 10,077 Investment