Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 28

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 the Company consolidating the variable interest entities that were created to facilitate these securitizations as the Company was determined to be the primary beneficiary. The "Securitized debt, at fair value" is collateralized by the "Securitized residential mortgage loans, at fair value" held within the securitization trusts. See Note 3 and Note 6 for additional details. 

(2)Refer to Note 7 and Note 10 for additional details on amounts payable to affiliates. 

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

3

AG Mortgage Investment Trust, Inc. and Subsidiaries

Consolidated Statements of Operations (Unaudited)

(in thousands, except per share data)

Three Months EndedMarch 31, 2025March 31, 2024Net Interest IncomeInterest income$109,130 $95,572 Interest expense90,281 78,393 Total Net Interest Income18,849 17,179 Other Income/(Loss)Net interest component of interest rate swaps737 1,900 Net realized gain/(loss)10 (1,103)Net unrealized gain/(loss)802 10,014 Total Other Income/(Loss)1,549 10,811 ExpensesManagement fee to affiliate (1)2,327 1,741 Non-investment related expenses (1)3,308 3,114 Investment related expenses (1)3,410 3,283 Transaction related expenses (1)1,061 999 Total Expenses10,106 9,137 Income/(loss) before equity in earnings/(loss) from affiliates10,292 18,853 Equity in earnings/(loss) from affiliates1,185 2,037 Net Income/(Loss)11,477 20,890 Dividends on preferred stock(5,304)(4,586)Net Income/(Loss) Available to Common Stockholders$6,173 $16,304 Earnings/(Loss) Per Share of Common StockBasic$0.21 $0.55 Diluted$0.21 $0.55 Weighted Average Number of Shares of Common Stock OutstandingBasic29,659 29,453 Diluted29,688 29,479 (1) Refer to Note 10 for additional details on related party transactions. 

The accompanying notes are an integral part of these unaudited