Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 79

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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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 EndedNine Months EndedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Net Interest IncomeInterest income$124,714 $107,456 $344,709 $302,843 Interest expense105,232 92,506 288,626 254,333 Total Net Interest Income19,482 14,950 56,083 48,510 Other Income/(Loss)Net interest component of interest rate swaps1,108 2,180 2,666 6,447 Net realized gain/(loss)(3,578)(10,788)(7,062)(9,928)Net unrealized gain/(loss)13,199 19,700 13,961 20,488 Total Other Income/(Loss)10,729 11,092 9,565 17,007 ExpensesManagement fee to affiliate (1)2,319 1,708 6,947 5,202 Non-investment related expenses (1)2,603 2,734 8,390 8,552 Investment related expenses (1)4,322 3,411 11,205 10,185 Transaction related expenses (1)1,962 684 6,041 2,164 Total Expenses11,206 8,537 32,583 26,103 Income/(loss) before equity in earnings/(loss) from affiliates19,005 17,505 33,065 39,414 Equity in earnings/(loss) from affiliates1,645 (849)3,061 2,099 Income/(Loss) before Income Taxes