Company: MITN
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001514281-25-000026
Chunk: 138

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 138
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5.24 %$467,363 0.79 %1.4xCash and Cash Equivalents (i)118,662 4.35 %Interest Rate Swaps (j)8,974 1.01 %Arc Home30,778 Senior Unsecured Notes(95,721)10.61 %Non-Interest Earning Assets, net13,367 Total Stockholders' Equity$543,423 11.6xInvestmentSecuritized DebtCost of Funds (c)Allocated Equity (d)Net Interest MarginAmortized CostFair ValueYield (a)(b)Amortized CostFair ValueFinancing ArrangementsLeverage Ratio (e)Total Investment Portfolio$7,063,632 $6,702,026 6.03 %$5,772,046 $5,491,967 $742,696 5.24 %$467,363 0.79 %1.4xInvestments in Debt and Equity of Affiliates11,743 15,766 25.24 %— — 588 7.08 %15,178 18.16 %(k)GAAP Investment Portfolio$7,051,889 $6,686,260 6.00 %$5,772,046 $5,491,967 $742,108 5.24 %$452,185 0.76 %11.6x

(a)Excludes any net TBA positions.

(b)As of December 31, 2024, the weighted average yields are presented based on the amortized cost of the underlying loans and securities. The weighted average yield of the Company's investment portfolio based on the fair value of the underlying loans and securities as of December 31, 2024 was 6.20%. 

(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 5.24%. When including our Senior Unsecured Notes, the total cost of funds was 5.31%. 

(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