Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 13

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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 balance$6,909 $6,419 $490 Weighted average financing rate on our GAAP investment portfolio5.39 %5.20 %0.19 %

Net interest component of interest rate swaps  

Net interest component of interest rate swaps represents the net interest income received or expense paid on our interest rate swaps.

We recorded income on the net interest component of interest rate swaps during the three months ended June 30, 2025 and 2024 as a result of our swap portfolio being in a net receive position during the periods. The decrease in income from the three months ended June 30, 2024 to the three months ended June 30, 2025 was the result of a decrease in the notional balance outstanding during the period and a decrease in the weighted average receive rate. The following table presents a summary of our interest rate swap portfolio as of June 30, 2025 and 2024 ($ in millions).

June 30, 2025June 30, 2024ChangeInterest rate swap notional value$345 $818 $(473)Weighted average receive-variable rate4.45 %5.33 %(0.88)%Weighted average pay-fix rate3.34 %3.95 %(0.61)%Net weighted average (pay)/receive rate1.11 %1.38 %(0.27)%

Net realized gain/(loss)

The following table presents a summary of Net realized gain/(loss) for the three months ended June 30, 2025 and 2024 (in thousands). During the three months ended June 30, 2025, net realized losses primarily related to unwinding certain pay-fix, receive-float interest rate swap agreements which were held at unrealized losses. 

Three Months Ended June 30, 2025June 30, 2024Sales of residential mortgage loans and loans transferred to or sold from Other assets$(697)$151 Sales of real estate securities(109)1,879 Settlement of derivatives and other instruments(2,688)(67)Total Net realized gain/(loss)$(3,494)$1,963 

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Net unrealized gain/(loss)

The following table presents a summary of Net unrealized gain/(loss) for the three months ended June 30, 2025 and 2024 (in thousands). During the three months ended June 30, 2025, we recognized unrealized gains on