**Angel Oak Mortgage REIT Reports Fiscal Year 2025 Results**
Angel Oak Mortgage REIT, Inc. (NYSE: AOMR), a real estate finance company specializing in non-qualified mortgage (non-QM) loans and other mortgage-related assets, released its financial results for the fiscal year ended December 31, 2025. The company reported net income allocable to common stockholders of $44.0 million, compared to $28.8 million in the previous fiscal year. Interest income increased to $143.7 million from $110.4 million, while interest expense rose to $102.6 million from $73.5 million in 2024. The company's net interest income was $41.1 million, up from $36.9 million in the prior year.
AOMR's portfolio, valued at approximately $2.7 billion as of December 31, 2025, consisted primarily of residential mortgage loans owned directly and those held in securitization trusts, as well as RMBS. The company purchased $861.8 million of newly-originated non-QM residential mortgage loans, second lien mortgage loans, and HELOCs during the year, with a weighted average coupon of 7.79%, a weighted average combined loan-to-value ratio (CLTV) of 65.4%, and a weighted average credit score of 756. The company participated in four securitization transactions and one re-securitization in 2025, contributing a total of $704 million of unpaid principal balance of residential mortgage loans to the securitizations.
The company's financial performance was influenced by several factors, including a decreasing interest rate environment and active management of its portfolio. The company reported a net realized loss of $10.9 million, primarily due to the loss of unamortized premiums associated with an increased rate of loans in its loans held in securitization trusts portfolio that were prepaid during the year, as well as realized losses on forward contracts used to hedge valuation risk in its residential loan portfolio. However, this was offset by a net unrealized gain of $30.8 million, largely driven by gains in its residential loans in securitization trusts and non-recourse securitization obligation portfolio, as well as gains in its residential loan portfolio.
Looking ahead, AOMR will continue to focus on acquiring and securitizing non-QM loans and other mortgage-related assets, while managing its capital structure and hedging strategies to mitigate risks. The company's ability to maintain its REIT status and exclusion from regulation under the Investment Company Act will remain critical to its operational strategy. The company's board of directors will continue to evaluate market conditions and adjust its investment guidelines and leverage strategies as necessary to maximize shareholder value.
About Angel Oak Mortgage REIT, Inc.
Angel Oak Mortgage REIT, Inc. is a real estate finance company specializing in acquiring and investing in first lien non-qualified mortgage (non-QM) loans and other mortgage-related assets in the U.S. market. It primarily sources loans through its affiliated proprietary mortgage lending platform and invests in residential and commercial mortgage loans, mortgage-backed securities, and related assets. The company operates as a REIT, leveraging securitization and financing strategies to generate risk-adjusted returns for investors.
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