Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 2

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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 events or otherwise. All forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice.

42

Second Quarter 2025 Executive Summary

Financial Highlights

•$10.39 Book Value per share;

•$(0.05) of Net Income/(Loss) Available to Common Stockholders per diluted common share and $0.18 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;

•12.8x GAAP Leverage Ratio and 1.3x Economic Leverage Ratio; and

•$0.21 dividend per common share declared in the second quarter 2025; 

◦Increased our quarterly dividend from $0.20 per common share in the first quarter 2025, which represented a 5.0% increase.

Investment Activity

•The table below summarizes the fair value of purchases and proceeds from sales of investments during the quarter ended June 30, 2025 (in thousands).

InvestmentPurchasesSalesAgency-Eligible Loans$340,587 $37,333 Home Equity Loans104,349 — Non-Agency RMBS— 558 CMBS— 1,959 Total$444,936 $39,850 

Financing Activity 

•Executed a rated securitization of Agency-Eligible Loans with a total unpaid principal balance of $331.4 million.

•Subsequent to quarter end: 

•On July 10, 2025, we co-sponsored a rated Non-Agency securitization, in which Home Equity Loans with a total unpaid principal balance of $301.3 million were securitized, converting recourse financing with mark-to-market margin calls to non-recourse financing without mark-to-market margin calls.

•On July 18, 2025, we paid off certain fixed-rate long-term financing arrangements which had an outstanding unpaid principal balance and accrued interest payable of $43.8 million. The financing was collateralized by certain of our retained interests in securitizations acquired from WMC. We pledged these assets under a recourse financing arrangement with mark-to-market margin calls with a balance of $82.9 million, providing us with net proceeds of $39.1 million. 

•On July 29, 202