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

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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 Book value per common share$10.46 $10.64 

Results of Operations

Our operating results can be affected by a number of factors and primarily depend on the size and composition of our investment portfolio, the level of our net interest income, the fair value of our assets and the supply of, and demand for, our investments in residential mortgage loans in the marketplace, among other things, which can be impacted by unanticipated credit events, such as defaults, liquidations or delinquencies, experienced by borrowers whose residential mortgage loans are included in our investment portfolio and other unanticipated events in our markets. Our primary source of net income or loss available to common stockholders is our net interest income, inclusive of our cost or benefit of hedging, which represents the difference between the interest earned on our investment portfolio and the costs of financing and economic hedges in place on our investment portfolio, as well as any income or losses from our equity investments in affiliates. 

48

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

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

Three Months EndedSeptember 30, 2025September 30, 2024ChangeStatement of Operations Data:   Net Interest Income   Interest income$124,714 $107,456 $17,258 Interest expense105,232 92,506 12,726 Total Net Interest Income19,482 14,950 4,532 Other Income/(Loss)  Net interest component of interest rate swaps1,108 2,180 (1,072)Net realized gain/(loss)(3,578)(10,788)7,210 Net unrealized gain/(loss)13,199 19,700 (6,501)Total Other Income/(Loss)10,729 11,092 (363)Expenses  Management fee to affiliate2,319 1,708 611 Non-investment related expenses2,603 2,734 (131)Investment related expenses4,322 3,411 911 Transaction related expenses1,962 684 1,278 Total Expenses11,206 8,537 2,669 Income/(loss) before equity in earnings/(loss) from affiliates19,005 17,505 1,