Company: AOMN
Filing Date: 2025-03-24
Form Type: 10-K
Source: 0001766478-25-000019
Chunk: 137

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-03-24
Form: 10-K
Item: Item 7
Chunk 137
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$— $40,762 15.9 %Other assets and liabilities (2)(212,801)— (212,801)(83.3)%Total$2,028,943 $1,773,626 $255,317 100.0 %

(1)     Our Investment in Majority-Owned Affiliates is held at its amortized cost basis.

(2)     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. Additionally, other assets includes $5.2 million of commercial loans and $5.6 million of CMBS.

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As of December 31, 2023, our portfolio consisted of approximately $2.1 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, 2023:

Fair ValueCollateralized DebtAllocated Capital% of Total CapitalPortfolio:($ in thousands)Residential mortgage loans$380,040 $290,610 $89,430 34.9 %Residential mortgage loans in securitization trust1,221,067 1,169,154 51,913 20.3 %Total whole loan portfolio$1,601,107 $1,459,764 $141,343 55.2 %Investment securitiesRMBS$472,058 $44,643 $427,415 166.9 %U.S. Treasury Securities149,927 149,013 914 0.4 %Investment in Majority-Owned Affiliates (1)16,232 — 16,232 6.3 %Total investment securities$638,217 $193,656 $444,561 173.6 %Total investment portfolio$2,239,324 $1,653,420 $585,904 228.8 %Target assets (2)$2,089,397 $1,653,420 $585,904 228.8 %Cash$41,625 $—