Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 169

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 169
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 (in thousands).

Nine Months EndedSeptember 30, 2025September 30, 2024MATT Non-QM Securities$(384)$307 Re/Non-Performing Securities(137)322 AG Arc (1)3,582 1,470 Equity in earnings/(loss) from affiliates$3,061 $2,099 

(1)Effective August 1, 2025, our allocation of AG Arc’s earnings is 66.0%. For all prior periods, our allocation of AG Arc’s earnings was 44.6%. 

The below table breaks out the components in the "Equity in earnings/(loss) from affiliates" line item on our consolidated statements of operations (in thousands).

Nine Months EndedSeptember 30, 2025September 30, 2024Interest income$1,920 $3,055 Interest expense3 216 Total Net Interest Income (1)1,917 2,839 Net unrealized gain/(loss) (2,305)(2,061)Other operating expenses (1)133 149 Total MATT Non-QM Securities and Re/Non Performing Securities (2)(521)629 Net operating income/(loss) from AG Arc (1) (3)1,184 (1,591)Other income/(loss) from AG Arc (3)(74)1,567 Unrealized gain/(loss) on investment in AG Arc (4)2,654 2,459 Elimination of gains on loans sold from AG Arc to MITT (1) (5)(182)(965)Total AG Arc Earnings/(Loss)3,582 1,470 Equity in earnings/(loss) from affiliates$3,061 $2,099 

(1)Represents items included in Earnings Available for Distribution. Refer to the “Earnings Available for Distribution” section below for further detail.

(2)Primarily represents earnings from our investment in MATT Non-QM Securities. 

(3)Net operating income/(loss) from AG Arc represents income/(loss) related to Arc Home's lending and servicing operations, net of operating expenses and related current tax expense or benefit. Other income/(loss) from AG Arc represents realized and unrealized changes in the fair value of Arc Home's mortgage servicing rights, transaction related expenses, and other asset impairments, net of related tax expense or benefit.

(4)As of September 30