Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 2

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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 forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice.

42

Third Quarter 2025 Executive Summary

Financial Highlights

•$10.46 Book Value per share;

•$0.47 of Net Income/(Loss) Available to Common Stockholders per diluted common share and $0.23 of Earnings Available for Distribution ("EAD") per diluted common share; 

◦Refer to the "Earnings Available for Distribution" section below for further details related to our reconciliation of Net Income/(Loss) Available to Common Stockholders to EAD;

•14.9x GAAP Leverage Ratio and 1.7x Economic Leverage Ratio; and

•$0.21 dividend per common share declared in the third quarter 2025. 

Investment Activity

•The table below summarizes the fair value of purchases of investments during the quarter ended September 30, 2025 (in thousands).

InvestmentPurchasesAgency-Eligible Loans$888,611 Home Equity Loans830,877 Total$1,719,488 

•One Legacy WMC CMBS bond paid off at par for $15.0 million, returning capital of $10.7 million.

Acquisition of AG Arc LLC 

•On August 1, 2025, purchased an additional 21.4% interest in AG Arc LLC (“AG Arc”) from certain private funds managed by TPG Angelo Gordon. In connection with the acquisition, we issued 2,027,676 restricted shares of our common stock as consideration. Upon closing of the transaction on August 1, 2025, and giving effect to our acquisition of the additional 21.4% interest, we have an approximate 66.0% interest in AG Arc. Refer to Note 10 to the "Notes to Consolidated Financial Statements (unaudited)" for additional information related to the transaction. 

Financing Activity 

•The table below summaries the four rated securitizations executed during the quarter ended September 30, 2025 (in millions).

CollateralMonthUnpaid Principal BalanceHome Equity Loans(1)July 2025$301.3 Home Equity LoansJuly 2025647.0 Agency-Eligible LoansAugust 2025347.0 Agency-Eligible LoansSeptember 2025417.1 Total$1,712.