Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 102

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 102
---
,000 Non-recourse securitization obligation, collateralized by residential mortgage loans36,697 1,666,064 23,894 1,253,614 Repurchase facilities2,018 62,591 2,081 68,205 Senior Unsecured Notes3,185 59,462 — — Total interest expense$47,934 $33,072 Net interest income$20,027 $18,042 

Net interest income for the six months ended June 30, 2025 and 2024 was $20.0 million and $18.0 million, respectively. Net interest income increased in the six months ended June 30, 2025 as compared to the same period in 2024, primarily due to higher interest income generated by increase balances in our residential mortgage loans in securitization trusts portfolio. Similarly, the increase in interest expense was also driven by the increased balance of our non-recourse securitization obligation, collateralized by residential mortgage loans portfolio during the six months ended June 30, 2025. The net interest income associated with our residential mortgage loans in securitization trusts portfolio and non-recourse securitization obligation, collateralized by residential mortgage loans portfolio was $13.5 million in the six months ended June 30, 2025 as compared to $9.4 million in the comparable period of 2024.

36

Total Realized and Unrealized Gains (Losses)

The components of total realized and unrealized gains (losses), net for the six months ended June 30, 2025 and 2024 are set forth as follows:

Six Months EndedJune 30, 2025June 30, 2024(in thousands)Realized and unrealized gain (loss) on securitization, net of unrealized gain (loss) on non-recourse securitization obligation$13,419 $379 Realized gain (loss) on RMBS(622)(1,698)Unrealized gain (loss) on Whole Pool Agency RMBS5,640 (4,425)Realized gain (loss) on CMBS(264)(119)Realized gain (loss) on interest rate futures(2,536)3,839 Realized and unrealized gain (loss) on TBAs(5,590)4,112 Realized and unrealized gain (loss) on residential mortgage