AG Mortgage Investment Trust Inc 2025年季度报告

FORM10-Q__________________________________________________ (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Commission file number001-35151 AG MORTGAGE INVESTMENT TRUST, INC. (Exact name of registrant as specified in its charter)_____________________________________________________________________ (212)692-2000(Registrant’s Telephone Number, Including Area Code) Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2)has been subject to such filing requirements for the past 90 days.YesýNo¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 and Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).YesýNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smallerreporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large Accelerated filer¨Accelerated filerýNon-Accelerated filer¨Smaller reporting company☒Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). As of May2, 2025, there were29,676,342outstanding shares of common stock of AG Mortgage Investment Trust, Inc. AG MORTGAGE INVESTMENT TRUST, INC.TABLE OF CONTENTS PART I.FINANCIAL INFORMATION Item 1.Financial Statements (unaudited)Consolidated Balance Sheets as of March 31, 2025 and December 31, 20243Consolidated Statements of Operations for the three months ended March 31, 2025 and 20244Consolidated Statements of Stockholders’ Equity for the three months ended March 31, 2025 and 20245Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 20246Notes to Consolidated Financial Statements (unaudited)Note 1. Organization8Note 2. Summary of Significant Accounting Policies9Note 3. Loans12Note 4. Real Estate Securities17Note 5. Fair Value Measurements18Note 6. Financing23Note 7. Other Assets and Liabilities26Note 8. Earnings Per Share28Note 9. Income Taxes28Note 10. Related Party Transactions30Note 11. Equity34Note 12. Commitments and Contingencies37Note 13. Segment Reporting37Note 14. Subsequent Events37Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations39Item 3.Quantitative and Qualitative Disclosures About Market Risk67Item 4.Controls and Procedures71PART II.OTHER INFORMATION72Item 1.Legal Proceedings72Item 1A.Risk Factors72Item 2.Unregistered Sales of Equity Securities and Use of Proceeds72Item 3.Defaults Upon Senior Securities72Item 4.Mine Safety Disclosures72Item 5.Other Information72Item 6.Exhibits74 (1)These balances relate to certain residential mortgage loans which were securitized resulting in the Company consolidating the variable interestentities that were created to facilitate these securitizations as the Company was determined to be the primary beneficiary. The "Securitized debt,at fair value" is collateralized by the "Securitized residential mortgage loans, at fair value" held within the securitization trusts. See Note 3 andNote 6 for additional details.(2)Refer to Note 7 and Note 10 for additional details on amounts payable to affiliates. The accompanying notes are an integral part of these unaudited consolidated financial statements. AG Mortgage Investment Trust, Inc. and SubsidiariesConsolidated Statements of Operations (Unaudited)(in thousands, except per share data) AG Mortgage Investment Trust, Inc. and SubsidiariesConsolidated Statements of Stockholders’ Equity (Unaudited)(in thousands, except per share data) AG Mortgage Investment Trust, Inc. and SubsidiariesConsolidated Statements of Cash Flows (Unaudited)(in thousands) The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the consolidated balance sheets thatsum to the total of the same such amounts shown in the consolidated statements of cash flows: The accompanying notes are an integral part of these unaudited consolidated financial statements. AG Mortgage