Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 53

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 53
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 includes our investment in a Majority-Owned Affiliate, which is considered a target asset.

39

As of December 31, 2024, our portfolio consisted of approximately $2.2 billion of residential mortgage loans, RMBS, and other target assets. The following table sets forth additional information regarding our portfolio including the manner in which our equity capital was allocated among investment types, as of December 31, 2024:

Fair ValueCollateralized DebtAllocated Capital% of Total CapitalPortfolio:($ in thousands)Residential mortgage loans$183,064 $129,459 $53,605 21.0 %Residential mortgage loans in securitization trust1,696,995 1,593,612 103,383 40.5 %Total whole loan portfolio$1,880,059 $1,723,071 $156,988 61.5 %Investment securitiesRMBS$300,243 $50,555 $249,688 97.8 %Investment in Majority-Owned Affiliates (1)20,680 — 20,680 8.1 %Total investment securities$320,923 $50,555 $270,368 105.9 %Total investment portfolio$2,200,982 $1,773,626 $427,356 167.4 %Target assets (2)$2,200,982 $1,773,626 $427,356 167.4 %Cash$40,762 $— $40,762 15.9 %Other assets and liabilities (3)(212,801)— (212,801)(83.3)%Total$2,028,943 $1,773,626 $255,317 100.0 %

(1)     "Investment in Majority-Owned Affiliate” is held at its amortized cost basis.

(2)     “Target assets” as defined by us excludes U.S. Treasury securities, and includes our investment in a Majority-Owned Affiliates.

(3)     Other assets and liabilities presented is calculated as a net liability substantially comprised of $202.0 million due to broker for our quarter-end purchase of certain Freddie Mac and Fannie Mae-issued Whole Pool Agency RMBS, and excluding the portion of “other assets” which includes our investment in Majority-Owned Affiliates, which is considered a target asset