AG Mortgage Investment Trust Inc 2025年季度报告

FORM 10-Q__________________________________________________ (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto AG MORTGAGE INVESTMENT TRUST, INC. (Exact name of registrant as specified in its charter)_____________________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 and Regulation S-T (§232.405 of this chapter) during the preceding12 months (or for such shorter period that the registrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2of the Exchange Act. Large Accelerated filerAccelerated filerNon-Accelerated filerSmaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(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).Yes☐ As of May 2, 2025, there were 29,676,342 outstanding shares of common stock of AG Mortgage Investment Trust, Inc. AG MORTGAGE INVESTMENT TRUST, INC.TABLE OF CONTENTS 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, 2025and 20245Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 20246 Item 3.Quantitative and Qualitative Disclosures About Market Risk67 Item 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 AG Mortgage Investment Trust, Inc. and SubsidiariesConsolidated Balance Sheets (Unaudited)(in thousands, except per share data) March 31, 2025December 31,2024AssetsSecuritized residential mortgage loans, at fair value - $708,079 and $705,294 pledgedas collateral, respectively (1)$6,542,243$6,197,678Residential mortgage loans, at fair value - $266,981 and $215,773 pledged ascollateral, respectively269,238220,217Commercial loans, at fair value - $65,504 and $67,005 pledged as collateral,respectively65,50467,005Real estate securities, at fair value - $189,484 and $165,393 pledged as collateral,respectively224,901201,360Investments in debt and equity of affiliates46,01646,841Cash and cash equivalents115,549118,662Restricted cash13,66819,906Other assets46,10141,940Total Assets$7,323,220$6,913,609 The accompanying notes are an integral part of these unaudited consolidated financial statements.3 AG Mortgage Investment Trust, Inc. and SubsidiariesConsolidated Statements of Operations (Unaudited)(in thousands, except per share data) The accompanying notes are an integral part of these unaudited consolidated financial statements. AG Mortgage Investment Trust, Inc. and SubsidiariesConsolidated Statements of Stockholders’ Equity (Unaudited)(in thousands, except per share data) The accompanying notes are an integral part of these unaudited consolidated financial statements. AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)March 31, 2025 1. Organization AG Mortgage Investment Trust, Inc. (the "Company" or "MITT") is a residential mortgage REIT with a focus oninvesting in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market.The Company’s investment activities primarily include acquiring and securitizing newly-originated residentialmortgage loans within the non-agency segment of the housing market. The Company obtains its residentialmortgage loans through Arc Home, LLC ("Arc Home"), a resident