Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 165

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 165
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 our Series C Preferred Stock, from issuance through September 16, 2024, was 8.000%. On and after September 17, 2024, dividends on the Series C Preferred Stock accumulate at an annual floating rate of three-month CME Term SOFR (plus a tenor spread adjustment of 0.26161%) plus a spread of 6.476%. 

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Nine Months Ended September 30, 2025 compared to the Nine Months Ended September 30, 2024

The table below presents certain information from our consolidated statements of operations for the nine months ended September 30, 2025 and 2024 (in thousands).

Nine Months EndedSeptember 30, 2025September 30, 2024ChangeStatement of Operations Data:   Net Interest Income   Interest income$344,709 $302,843 $41,866 Interest expense288,626 254,333 34,293 Total Net Interest Income56,083 48,510 7,573 Other Income/(Loss)  Net interest component of interest rate swaps2,666 6,447 (3,781)Net realized gain/(loss)(7,062)(9,928)2,866 Net unrealized gain/(loss)13,961 20,488 (6,527)Total Other Income/(Loss)9,565 17,007 (7,442)Expenses  Management fee to affiliate6,947 5,202 1,745 Non-investment related expenses8,390 8,552 (162)Investment related expenses11,205 10,185 1,020 Transaction related expenses6,041 2,164 3,877 Total Expenses32,583 26,103 6,480 Income/(loss) before equity in earnings/(loss) from affiliates33,065 39,414 (6,349)Equity in earnings/(loss) from affiliates3,061 2,099 962 Income/(Loss) before Income Taxes36,126 41,513 (5,387)Income tax expense743 58 685 Net Income/(Loss)35,383 41,455 (6,072)Dividends on preferred stock15,969 13,888 2,081 Net Income/(Loss) Available to Common Stockholders$19,414 $27,567 $(8,