Financial Performance - Q3 2024 net interest income was $15.8 million, driven by unrealized gains on residential mortgage loans and non-agency RMBS[4] - Economic return on equity (ROE) for Q3 2024 was 3.9%, a decrease of 1.4% from the previous quarter[3] - Earnings available for distribution (EAD) for the three months ended September 30, 2024, amounted to $4,876,000, translating to $0.17 per diluted share[22] - Net income available to common stockholders for the three months ended September 30, 2024, was $11,924,000, or $0.40 per diluted share[22] - The company reported a Net Income of $11,924 thousand for the three months ended September 30, 2024, compared to a Net Loss of $6,751 thousand for the same period in 2023[37] Asset Management - Book value per share increased to $10.58 in Q3 2024, reflecting strong asset appreciation in the investment portfolio[3] - Total investment portfolio valued at $6,972.9 million with a yield of 5.9% as of September 30, 2024[18] - The company’s stockholders' equity was $450,422 thousand as of September 30, 2023, increasing to $528,368 thousand by December 31, 2023[31] - Securitized residential mortgage loans at fair value increased to $6,226,698 thousand as of September 30, 2024, from $5,358,281 thousand on December 31, 2023[33] Loan and Securitization Activity - The company purchased $136.2 million in home equity loans during Q3 2024, contributing to a current pipeline of approximately $200 million[5] - Securitized loans in Q3 2024 totaled $751.5 million, with $390.8 million from agency-eligible loans[5] - The non-agency loan portfolio has a total securitized UPB of $6.2 billion, with a current loan-to-value (LTV) ratio of 59%[9] - Home equity loans represented a year-over-year growth of 138%, with a weighted average coupon of 10.7%[12] - The weighted average yield on securitized non-agency loans was 5.6%, with a financing cost of 5.2%[18] - The agency-eligible loans had a yield of 6.8% with a financing cost of 6.6%[18] Financial Ratios and Leverage - Economic leverage stood at 3.0x as of September 30, 2024, with $6.4 billion in financing[19] - Securitized debt constituted 86.1% of the financing profile, with a cost of funds averaging 5.1%[20] - As of September 30, 2023, MITT's GAAP Leverage Ratio was 9.7x, increasing to 10.5x by December 31, 2023, and projected to reach 12.0x by June 30, 2024[31] - Economic Leverage increased from $560,061 thousand on September 30, 2023, to a projected $1,353,660 thousand by June 30, 2024[31] Cash and Expenses - Cash and cash equivalents totaled $102.5 million, yielding 4.8%[18] - The company’s cash and cash equivalents were $102,532 thousand as of September 30, 2024, down from $111,534 thousand on December 31, 2023[33] - Total Expenses decreased from $14,452 thousand in the three months ended September 30, 2023, to $8,553 thousand in the same period of 2024[37] - Dividends on preferred stock for the three months ended September 30, 2024, were $4,716 thousand, compared to $4,586 thousand for the same period in 2023[37] Investment Yield - The weighted average unlevered yield of legacy commercial real estate loans is 9.6%, representing 1.8% of the investment portfolio[14] - The company retained approximately 5% to 10% of securitizations, borrowing against retained bonds to manage risk[7] - The company reported a net unrealized gain of $19,700,000 for the period, offset by a net realized loss of $10,788,000[21]

Financial Performance - Net Income/(Loss) Available to Common Stockholders per diluted common share is $(0.02) and Earnings Available for Distribution (EAD) per diluted common share is $0.21[199]. - The company declared a dividend of $0.19 per common share, representing a 5.6% increase over the prior quarter[199]. - Net income available to common stockholders for Q2 2024 was $(661,000), a decrease of 119.0% from $3,470,000 in Q2 2023[237]. - Net income available to common stockholders for the six months ended June 30, 2024, was $15,643,000, compared to $11,424,000 in the previous year, reflecting a 37.0% increase[261]. - The net unrealized gain for the six months ended June 30, 2024, was $788,000, compared to $8,511,000 in the prior year, indicating a decrease of 90.7%[270]. Investment Activity - Total investment activity includes purchases of $869.773 million and sales of $19.858 million during the quarter[200]. - The acquisition of Western Asset Mortgage Capital Corporation increased the investment portfolio by $1.2 billion, primarily consisting of Securitized Non-Agency Loans[207]. - The weighted average yield on the GAAP investment portfolio increased to 5.87% in Q2 2024 from 5.02% in Q2 2023, reflecting a rise of 0.85%[239]. - The weighted average yield on the GAAP investment portfolio improved to 5.89% for the six months ended June 30, 2024, up from 4.97% in the previous year, an increase of 0.92%[263]. - Total Investment Portfolio as of June 30, 2024, is $7,264,038, with a fair value of $6,872,177 and a yield of 6.09%[289]. Financing and Leverage - The company maintains a 12.2x GAAP Leverage Ratio and a 2.5x Economic Leverage Ratio[199]. - GAAP leverage as of June 30, 2024, was reported at 12.2x, with stockholders' equity at $533.5 million[320]. - Economic leverage was calculated at 2.5x as of June 30, 2024, indicating a total of $1.35 billion in economic leverage[320]. - The leverage ratio for the total investment portfolio is 2.3x[289]. - The company assumed liabilities of $1.1 billion through the acquisition of WMC, primarily consisting of securitized debt and financing arrangements[313]. Interest Income and Expenses - Net interest income for the three months ended June 30, 2024, was $16,381,000, an increase of 44.2% from $11,359,000 in the same period of 2023[237]. - Interest income rose to $99,815,000 in Q2 2024, up 64.2% from $60,788,000 in Q2 2023, primarily due to an increased investment portfolio from the WMC acquisition[238]. - Interest expense increased to $83,434,000 in Q2 2024, up 68.8% from $49,429,000 in Q2 2023, driven by higher financing costs associated with the WMC acquisition[240]. - Interest expense increased to $161,827,000 for the six months ended June 30, 2024, from $95,617,000 in the same period last year, a rise of 68.9%[264]. - The net interest component of interest rate swaps increased to $2,367,000 in Q2 2024, up 33.0% from $1,784,000 in Q2 2023[242]. Market Conditions - The S&P CoreLogic Case-Shiller U.S. National Home Price Index increased by 4% year-to-date and 6% year-over-year as of May 2024[225]. - Total existing home listings rose to 1.28 million in May 2024, the highest level since July 2022, but still below pre-pandemic levels[227]. - The effective mortgage rate outstanding held steady at 3.8% as of March 2024, reflecting low housing turnover and limited mortgage originations[226]. - RMBS spreads tightened by 10 to 20 basis points during Q2 2024, reflecting strong investor appetite for U.S. housing and mortgage credit[223]. - The 10-year U.S. treasury yield increased by approximately 48 basis points during April 2024 to 4.69%[221]. Risk Management - The company is subject to interest rate risk, which is influenced by various economic factors, and seeks to manage this risk through monitoring and hedging strategies[363]. - The majority of financing arrangements are short-term, with initial terms typically between 30 and 90 days, leading to increased borrowing costs during rising interest rates[364]. - A 75 basis point increase in interest rates could result in a 5.7% decrease in fair value as a percentage of GAAP equity[374]. - The company faces primary liquidity risk from financing long-maturity assets with shorter-term financing arrangements[376]. - A decrease in the fair value of mortgage loans or real estate securities pledged as collateral may lead to margin calls, adversely affecting liquidity[377]. Shareholder Activities - Approximately 9.2 million shares of common stock were issued to former WMC common stockholders, who now own approximately 31% of the common equity of the combined company[216]. - The company has approximately $1.5 million remaining authorized for future share repurchases under the 2022 Repurchase Program as of the date of the filing[331]. - The 2023 Repurchase Program has a full authorized amount of $15.0 million available for repurchase as of the date of the filing[332]. - The company has issued approximately 2.2 million shares of common stock under the Equity Distribution Agreements for gross proceeds of $48.3 million since inception[335]. - The management agreement amendment resulted in a waiver of $2.4 million in base management fees for the first four quarters following the merger, with $0.6 million remaining outstanding as of June 30, 2024[338].

Financial Performance - Earnings Available for Distribution (EAD) was $0.21 per diluted common share during Q2 2024, covering the declared dividend of $0.19 per share, which is a 5.6% increase from the previous quarter[2] - The net income for the second quarter of 2024 was $3,925,000, down from $8,056,000 in the same quarter of 2023, indicating a decline of 51.3%[24] - The company reported a net loss available to common stockholders of $661,000 for the second quarter of 2024, compared to a profit of $3,470,000 in the prior year[24] - For the three months ended June 30, 2024, the net income available to common stockholders was $(661,000), compared to $3,470,000 for the same period in 2023[29] - Earnings available for distribution increased to $6,276,000, or $0.21 per diluted share, from $1,652,000, or $0.08 per diluted share in the prior year[30] Assets and Liabilities - The company's total assets as of June 30, 2024, were $7,100,101,000, an increase from $6,126,428,000 at the end of 2023, marking a 15.9% growth[22] - Total liabilities increased to $6,566,599,000 as of June 30, 2024, compared to $5,598,060,000 at the end of 2023, a rise of 17.3%[22] - The company’s cash and cash equivalents as of June 30, 2024, were $120,912,000, up from $111,534,000 at the end of 2023, a growth of 8.5%[22] Investment and Portfolio - The investment portfolio increased to $6.9 billion as of June 30, 2024, compared to $6.2 billion as of March 31, 2024[3] - Arc Home originated $604.0 million of residential mortgage loans during Q2 2024, with MITT purchasing loans totaling $133.6 million[9] - The investment in AG Arc LLC was valued at $35.0 million as of June 30, 2024, representing a 44.6% ownership interest[36] Income and Expenses - Interest income for the three months ended June 30, 2024, was $99,815,000, compared to $60,788,000 for the same period in 2023, representing a 64.3% increase[24] - Total net interest income for the second quarter of 2024 was $16,381,000, up from $11,359,000 in the prior year, reflecting a 44.8% increase[24] - Operating expenses increased to $12,623,000 for the three months ended June 30, 2024, from $11,604,000 in the same period of 2023[30] - Transaction-related expenses for the three months ended June 30, 2024, amounted to $503,000, compared to $452,000 in the same period of 2023[29] Dividends and Shareholder Returns - For the second quarter of 2024, the company declared a dividend of $0.19 per share for common stock, paid on July 31, 2024[14] - The company’s preferred stock dividends for the second quarter of 2024 amounted to $4,586,000, unchanged from the same period in 2023[24] Leverage and Ratios - The GAAP Leverage Ratio was 12.2x and the Economic Leverage Ratio was 2.5x as of June 30, 2024[3] - The Economic Leverage ratio as of June 30, 2024, was 2.5x, while the GAAP Leverage ratio was 12.2x, indicating a substantial difference in leverage metrics[35] Book Value - Book Value per share decreased to $10.63 as of June 30, 2024, down from $10.84 as of March 31, 2024, representing a decline of 1.9%[2] - Adjusted Book Value per share decreased to $10.37 as of June 30, 2024, down from $10.58 as of March 31, 2024, reflecting a decrease of 2.0%[2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35151 _____________________________________________________________________ A ...

MANAGEMENT REMARKS "The first quarter marks the first full quarter of earnings results following our acquisition of WMC and paints a clear picture of the compelling benefits. We grew our book value approximately 3.7% quarter over quarter while paying our 18 cent dividend and producing a 5.5% Economic Return on Equity for the quarter," said TJ Durkin, Chief Executive Officer and President. "Completing the WMC acquisition was another substantial step in further positioning MITT as a premier pure play resident ...

For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________ FORM 10-K _____________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Ide ...

Exhibit 99.1 NEW YORK, NY, February 22, 2024 / Business Wire - AG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the full year and quarter ended December 31, 2023. FULL YEAR AND FOURTH QUARTER 2023 FINANCIAL HIGHLIGHTS AG Mortgage Investment Trust, Inc. Reports Full Year and Fourth Quarter 2023 Results Full Year 2023: Fourth Quarter 2023: MANAGEMENT REMARKS "The past year has been transformational for MITT. We completed an M&A transa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35151 ___________________________________________________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q __________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35151 _____________________________________________________________________ AG ...

AG Mortgage Investment Trust, Inc. (NYSE:MITT) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET Company Participants Jenny Neslin - General Counsel T.J. Durkin - President & Chief Executive Officer Nick Smith - Chief Investment Officer Anthony Rosiello - Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the AG Mortgage Investment Trust Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mo ...