Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 29

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 29
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537 5.29 %$496,050 0.72 %1.2xInvestments in Debt and Equity of Affiliates9,750 12,623 25.45 %— — — — %12,623 25.45 %N/AGAAP Investment Portfolio$7,531,291 $7,264,601 5.98 %$6,125,684 $5,937,637 $843,537 5.29 %$483,427 0.69 %12.8x

NM - Not Meaningful

(a)Excludes any net TBA positions.

(b)The weighted average yields are calculated based on the amortized cost of the underlying loans and securities.

(c)The cost of funds related to the financing on our investment portfolio inclusive of the benefit of 0.05% from our interest rate hedges was 5.29%. When including our Senior Unsecured Notes, the total cost of funds was 5.36%. 

(d)Allocated equity represents the investment fair value less the associated securitized debt at fair value and financing arrangements, where applicable. 

(e)The leverage ratio on each asset class and on our investment portfolio represents Economic Leverage as defined below in the "Financing Activities" section and is calculated by dividing each investment type's total recourse financing arrangements less any cash posted as collateral by its equity invested inclusive of any cash collateral posted on financing arrangements. The Economic Leverage Ratio excludes any fully non-recourse financing arrangements and includes any net receivables or payables on TBAs. The leverage ratio on our GAAP Investment Portfolio represents GAAP leverage as defined below in the "Financing Activities" section.

(f)We expect to either hold the Legacy WMC Commercial Investments until maturity or opportunistically exit these investments.

(g)There are Legacy WMC Commercial Loans with an unpaid principal balance of $45.0 million and a fair value of $42.8 million which are on non-accrual status. 

(h)There are Legacy WMC CMBS with an unpaid principal balance of $23.5 million and a fair value of $7.0 million which are on non-accrual or cost recovery status. 

(i)Cash and cash equivalents may include a portion of cash invested in money market funds. The yield represents the interest earned on money market funds as of period end. 

(j)Interest rate swaps