Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 161

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 161
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97)Net weighted average (pay)/receive rate1.04 %1.67 %(0.63)%    

Net realized gain/(loss)

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

Three Months Ended September 30, 2025September 30, 2024Sales of residential mortgage loans and loans transferred to or sold from Other assets$(240)$124 Loan purchase commitment356 — Sales of real estate securities— 10,297 Settlement of derivatives and other instruments(3,694)(21,209)Total Net realized gain/(loss)$(3,578)$(10,788)

50

Net unrealized gain/(loss)

The following table presents a summary of Net unrealized gain/(loss) for the three months ended September 30, 2025 and 2024 (in thousands). During the three months ended September 30, 2025, we recognized unrealized gains on residential mortgage loans and Non-Agency RMBS, offset by unrealized losses on securitized debt, CMBS, commercial loans, short TBAs, interest rate swaps, and loan purchase commitments.

Three Months Ended September 30, 2025September 30, 2024Residential mortgage loans$66,980 $192,918 Commercial loans(7,151)72 Real estate securities1,741 4,108 Securitized debt(45,710)(172,421)Loan purchase commitment(834)— Derivatives(1,827)(4,977)Total Net unrealized gain/(loss)$13,199 $19,700 

Management fee to affiliate

Our management fee is based upon a percentage of our Stockholders’ Equity. See the "Contractual obligations" section of this Item 2 for further detail on the calculation of our management fee and for the definition of Stockholders’ Equity. In connection with the WMC acquisition, we and our Manager entered into the MITT Management Agreement Amendment pursuant to which the base management fee was reduced by $0.6 million for the first four quarters following the transaction closing, beginning with the fiscal quarter in which the transaction closing