Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 166

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 166
---
 swaps  

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

June 30, 2025June 30, 2024Increase/(Decrease)Interest rate swap notional value$345 $818 $(473)Weighted average receive-variable rate4.45 %5.33 %(0.88)%Weighted average pay-fix rate3.34 %3.95 %(0.61)%Net weighted average (pay)/receive rate1.11 %1.38 %(0.27)%

Net realized gain/(loss)

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

Six Months Ended June 30, 2025June 30, 2024Sales of residential mortgage loans and loans transferred to or sold from Other assets$(1,707)$199 Sales of real estate securities169 2,727 Settlement of derivatives and other instruments(1,946)(2,066)Total Net realized gain/(loss)$(3,484)$860 

54

Net unrealized gain/(loss)

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

Six Months Ended June 30,