Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 21

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 21
---
Servicing fees6,479 5,601 Residential mortgage loan asset management fees1,693 1,994 Trustee and bank fees1,862 1,594 Other620 601 Total Investment related expenses$11,205 $10,185 

Transaction related expenses

Transaction related expenses increased from the nine months ended September 30, 2024 to the nine months ended September 30, 2025 primarily due to increased expenses associated with securitizations in 2025 compared with 2024, along with expenses of $0.8 million related to refinancing our fixed-rate long-term financing arrangements and $0.9 million related to our acquisition of an additional 21.4% interest in AG Arc.

57

Equity in earnings/(loss) from affiliates

The below tables summarize the components of the "Equity in earnings/(loss) from affiliates" line item on our consolidated statements of operations (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