Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 19

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 19
---
AP financing balance$7,136 $6,470 $666 Weighted average financing rate on our GAAP investment portfolio5.39 %5.24 %0.15 %

Net interest component of interest rate swaps 

We recorded income on the net interest component of interest rate swaps during the nine months ended September 30, 2025 and 2024 as a result of our swap portfolio being in a net receive position. The decrease in income from the nine months ended September 30, 2024 to the nine months ended September 30, 2025 was the result of a decrease in the weighted average receive rate and weighted average notional balance. The following table presents a summary of our interest rate swap portfolio as of September 30, 2025 and 2024 ($ in millions).

Nine Months EndedSeptember 30, 2025September 30, 2024ChangeNet weighted average interest rate swap notional value$388 $527 $(139)Net weighted average (pay)/receive rate0.92 %1.63 %(0.71)%

Net realized gain/(loss)

The following table presents a summary of Net realized gain/(loss) for the nine months ended September 30, 2025 and 2024 (in thousands). The net realized loss during the nine months ended September 30, 2025 was primarily driven by losses from unwinding certain pay-fix, receive-float interest rate swap agreements and short TBAs, which were held at unrealized losses, and losses recognized on the sale of non-agency loans and re- and non-performing loans.

Nine Months Ended September 30, 2025September 30, 2024Sales of residential mortgage loans and loans transferred to or sold from Other assets$(1,947)$323 Loan purchase commitment356 — Sales of real estate securities169 13,024 Settlement of derivatives and other instruments(5,640)(23,275)Total Net realized gain/(loss)$(7,062)$(9,928)

55

Net unrealized gain/(loss)

The following table presents a summary of Net unrealized gain/(loss) for the nine months ended September 30, 2025 and 2024 (in thousands). During the nine months ended September 30, 2025, we recognized unrealized gains on our residential mortgage loans, non-agency RMBS, and CMBS, which were offset by unrealized losses on securitized