Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 6

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 6
---
793 Net proceeds from (payments on) securities sold under agreements to repurchase3,486 (90,780)Net proceeds from (payments on) notes payable213,149 42,432 Net proceeds from issuance of senior notes41,161 48,425 Repurchase of common stock— (19,950)NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES344,107 110,575 CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH10,538 235 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period42,893 44,496 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period$53,431 $44,731 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATIONCash paid during the period for interest$60,104 $46,386 

The accompanying Notes to the Condensed Consolidated Financial Statements are an integral part of this statement.7

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 non-QM loans that are primarily made to higher quality borrowers and 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”) and other originators. The Company may also invest in other residential mortgage loans, residential mortgage‑backed securities (“RMBS”), and other mortgage‑related assets. The Company’s objective is to generate attractive risk‑adjusted returns for its stockholders, through cash distributions and capital appreciation, across interest rate and credit cycles.The Company is a Maryland corporation incorporated on March 20, 2018. The Company achieves certain of its investment objectives by investing a portion of its assets in its wholly‑owned taxable REIT subsidiary, Angel Oak Mortgage REIT TRS, LLC, a Delaware limited liability company formed