Company: MITN
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001514281-25-000086
Chunk: 174

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 174
---
 arrangements outstanding at quarter-end, including all non-recourse financing arrangements, and our weighted average hedging cost or benefit, which is the weighted average of the net pay or receive rates on our interest rate swaps. GAAP and non-GAAP cost of funds are weighted by the outstanding financing arrangements on our GAAP investment portfolio and our investment portfolio, respectively, and the amortized cost of securitized debt and senior unsecured notes at quarter-end.

Our leverage ratio is determined by our portfolio mix as well as many additional factors, including the liquidity of our portfolio, the availability and price of our financing, the available capacity to finance our assets, and anticipated regulatory developments. See the "Financing activities" section below for more detail on our leverage ratio.

59

Investment portfolio

The following table presents a summary of our Investment Portfolio, inclusive of net interest margin and leverage ratios, as of June 30, 2025 and a reconciliation of these metrics on our Investment Portfolio to their respective metrics on our GAAP Investment Portfolio ($ in thousands).

InvestmentSecuritized DebtCost of Funds (c)Allocated Equity (d)Net Interest MarginInstrumentAmortized CostFair ValueYield (a)(b)Amortized CostFair ValueFinancing ArrangementsLeverage Ratio (e)Residential InvestmentsSecuritized Non-Agency Loans$6,769,836 $6,510,682 5.70 %$6,021,394 $5,839,789 $395,6915.26 %$275,202 0.44 %1.3xSecuritized Re/Non-Performing Loans154,465 138,306 6.01 %104,290 97,848 27,1244.05 %13,334 1.96 %2.0xAgency-Eligible Loans1,512 1,509 6.51 %— — 1,424NM85 NM16.8xHome Equity Loans312,563 323,930 8.84 %— — 259,2756.52 %64,655 2.32 %4.0xNon-Agency Loans573 572 3.57 %— — —— %572 3.57 %N/AResidential Whole Loans588 1,443 120.02 %— — —— %1,443