Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 171

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 171
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 other similar ongoing fees are not excluded from earnings available for distribution. Management considers the transaction related expenses to be similar to realized losses incurred at the acquisition, disposition, or securitization of an asset and does not view them as being part of its core operations. Management views the exclusion described in (iv) above to be consistent with how it calculates EAD on the remainder of its portfolio. Management excludes all deferred taxes because it believes deferred taxes are not representative of current operations. EAD includes the net interest income and other income earned on our investments on a yield adjusted basis, including TBA dollar roll income/(loss) or any other investment activity that may earn or pay net interest or its economic equivalent. 

A reconciliation of "Net Income/(loss) available to common stockholders" to EAD for three and six months ended June 30, 2025 and 2024 is set forth below (in thousands, except per share data).

Three Months EndedSix Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024Net Income/(loss) available to common stockholders$(1,376)$(661)$4,797 $15,643 Add (Deduct):Net realized (gain)/loss3,494 (1,963)3,484 (860)Net unrealized (gain)/loss40 9,226 (762)(788)Transaction related expenses and deal related performance fees (1)3,079 503 4,223 1,526 Equity in (earnings)/loss from affiliates(231)(911)(1,416)(2,948)EAD from equity method investments (2)(3)(4)456 82 1,118 (172)Dollar roll income/(loss)(111)— (111)— Earnings available for distribution$5,351 $6,276 $11,333 $12,401 Earnings available for distribution, per Diluted Share$0.18 $0.21 $0.38 $0.42 

(1)For the three months ended June 30, 2025 and 2024, total transaction related expenses and deal related performance fees included $3.0 million and $0.5 million, respectively, recorded within the "Transaction related expenses" line item and $61 thousand and $22 thousand, respectively, recorded within the "Interest expense" line