Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 214

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 214
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 Equivalents (h)115,549 4.23 %Interest Rate Swaps (i)7,979 0.89 %Arc Home32,242 Senior Unsecured Notes(95,898)10.61 %Non-Interest Earning Assets, net12,278 Total Stockholders' Equity$543,870 1.6xInvestmentSecuritized DebtCost of Funds (c)Allocated Equity (d)Net Interest MarginAmortized CostFair ValueYield (a)(b)Amortized CostFair ValueFinancing ArrangementsLeverage Ratio (e)Total Investment Portfolio$7,370,165 $7,114,965 6.04 %$6,016,748 $5,836,691 $806,554 5.26 %$471,720 0.78 %1.6xInvestments in Debt and Equity of Affiliates9,889 13,079 25.94 %— — — — %13,079 25.94 %N/AGAAP Investment Portfolio$7,360,276 $7,101,886 6.01 %$6,016,748 $5,836,691 $806,554 5.26 %$458,641 0.75 %12.4x

(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 0.04% from our interest rate hedges was 5.26%. When including our Senior Unsecured Notes, the total cost of funds was 5.34%. 

(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