Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 27

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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ITEM 1. FINANCIAL STATEMENTS

AG Mortgage Investment Trust, Inc. and Subsidiaries

Consolidated Balance Sheets (Unaudited)

(in thousands, except per share data)March 31, 2025December 31, 2024AssetsSecuritized residential mortgage loans, at fair value - $708,079 and $705,294 pledged as collateral, respectively (1)$6,542,243 $6,197,678 Residential mortgage loans, at fair value - $266,981 and $215,773 pledged as collateral, respectively269,238 220,217 Commercial loans, at fair value - $65,504 and $67,005 pledged as collateral, respectively65,504 67,005 Real estate securities, at fair value - $189,484 and $165,393 pledged as collateral, respectively224,901 201,360 Investments in debt and equity of affiliates46,016 46,841 Cash and cash equivalents115,549 118,662 Restricted cash13,668 19,906 Other assets 46,101 41,940 Total Assets$7,323,220 $6,913,609 LiabilitiesSecuritized debt, at fair value (1)$5,836,691 $5,491,967 Financing arrangements806,554 742,108 Senior unsecured notes95,898 95,721 Dividend payable5,932 5,632 Other liabilities (2)34,275 34,758 Total Liabilities6,779,350 6,370,186 Commitments and Contingencies (Note 12)Stockholders’ EquityPreferred stock - $227,991 aggregate liquidation preference220,472 220,472 Common stock, par value $0.01 per share; 450,000 shares of common stock authorized and 29,659 and 29,640 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively297 296 Additional paid-in capital824,587 824,380 Retained earnings/(deficit)(501,486)(501,725)Total Stockholders’ Equity543,870 543,423 Total Liabilities and Stockholders’ Equity$7,323,220 $6,913,609 

(1)These balances relate to certain residential mortgage loans which were securitized resulting in