Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 46

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 46
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940 $9,463 

We generated $9.2 million greater interest income for the quarter ended June 30, 2025 than in the comparable period for 2024, driven by increases in both the amount and yields of our target assets. Interest expense increased by $8.7 million for the quarter ended June 30, 2025 compared to the comparable period for 2024, driven by increases in our total borrowings and our 2029 Notes and 2030 Notes issuances, both of which occurred after the quarter ended June 30, 2024. Overall, the increase in our interest income outpaced the increase in interest expense and drove a 5.0%, or $0.5 million, increase in net interest income for the quarter ended June 30, 2025 than in the comparable period for 2024.

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Total Realized and Unrealized Gains (Losses)

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

Three 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$(1,127)$(4,009)Realized gain (loss) on RMBS(303)(1,522)Unrealized gain (loss) on Whole Pool Agency RMBS7,830 (3,917)Realized gain (loss) on CMBS(208)(74)Realized gain (loss) on interest rate futures(1,064)290 Realized and unrealized gain (loss) on TBAs(7,646)3,565 Realized and unrealized gain (loss) on residential mortgage loans(1,182)684 Realized and unrealized gain (loss) on commercial mortgage loans— 27 Realized and unrealized gain (loss) on U.S. Treasury securities18 — Unrealized appreciation (depreciation) on interest rate futures(199)844 Realized gain/(loss) on AOMT Majority Owned Affiliates (“MOA”)(194)Total realized and unrealized gains (losses), net$(4,075)$(4,112)

For the three months ended June 30, 2025 and 2024