Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 4

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 4
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 CMBS securities253 439 Maturity of U.S. Treasury securities— 150,000 Principal payments on commercial mortgage loans6 12 NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES(75,867)(4,819)CASH FLOWS FROM FINANCING ACTIVITIESDividends paid to common stockholders(7,520)(7,989)Principal payments on non-recourse securitization obligation(43,211)(22,794)Cash paid for debt issuance costs— (125)Net proceeds from (repurchases of) securities sold under agreements to repurchase97,912 (163)Net proceeds from (payments on) notes payable231,011 (6,608)NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES278,192 (37,679)CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH577 (2,276)CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period42,893 44,496 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period$43,470 $42,220 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATIONCash paid during the period for interest$17,517 $15,435 

The accompanying Notes to the Condensed Consolidated Financial Statements are an integral part of this statement.6

Angel Oak Mortgage REIT, Inc.Notes to the Condensed Consolidated Financial Statements(Unaudited)

1.    Organization and Basis of Presentation

Angel Oak Mortgage REIT, Inc. (together with its subsidiaries the “Company,” “we,” “our” or “us”) is a real estate finance company focused on acquiring and investing in first lien non-qualified residential mortgage (“non-QM”) loans and other mortgage‑related assets in the U.S. mortgage market. The Company’s strategy is to make credit-sensitive investments primarily in newly-originated first lien non‑QM loans that are primarily made to higher‑quality non‑QM loan borrowers and substantially sourced from the proprietary mortgage lending platform of its affiliate, Angel Oak Mortgage Solutions LLC (together with other non-operational affiliated originators, “Angel Oak Mortgage Lending”). The Company may also invest in other residential mortgage loans, residential mortgage‑backed securities (“RMBS”), and other mortgage‑