Company: MITN
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001514281-25-000026
Chunk: 8

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 8
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 and amortization of equity based compensation203 2 — 665 — 667 Common dividends declared (1)— — — — (22,137)(22,137)Preferred dividends declared (2)— — — — (19,212)(19,212)Net Income/(Loss)— — — — 55,737 55,737 Balance at December 31, 202429,640 $296 $220,472 $824,380 $(501,725)$543,423 

(1)For the year ended December 31, 2024, dividends totaling $0.75 per share of common stock outstanding were declared.

(2)For the year ended December 31, 2024, dividends totaling $2.06252, $2.00, and $2.233117 per share of Series A, Series B, and Series C outstanding were declared, respectively.

The accompanying notes are an integral part of these consolidated financial statements.

89

AG Mortgage Investment Trust, Inc. and Subsidiaries

Consolidated Statements of Cash Flows 

(in thousands)

Years EndedDecember 31, 2024December 31, 2023Cash Flows from Operating Activities  Net income/(loss)$55,737 $53,784 Adjustments to reconcile net income/(loss) to net cash provided by (used in) operating activities:Net amortization of premium/(discount)10,722 8,925 Net realized (gain)/loss2,918 (7,697)Net unrealized (gain)/loss(16,956)(1,450)Grant of restricted stock and amortization of equity based compensation667 380 Equity in (earnings)/loss from affiliates(3,141)1,390 Distributions of income from investments in debt and equity of affiliates1,493 814 Bargain purchase gain— (30,190)Change in operating assets/liabilities:Other assets10,199 2,186 Other liabilities(5,800)(8)Net cash provided by (used in) operating activities 55,839 28,134 Cash Flows from Investing ActivitiesPurchases of residential mortgage loans(1,755,347)(1,233,977)Purchases of real estate securities(654,089)(294,422)Investments in debt and equity of