Angel Oak Mortgage REIT, Inc. AOMR
Angel Oak Mortgage REIT, Inc. is a real estate finance company focused on acquiring and investing in first and second lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Our strategy is to make credit-sensitive investments primarily in newly-originated non-QM loans and other mortgage assets that are primarily made to higher-quality borrowers and sourced from the proprietary mortgage lending platform of our affiliate, Angel Oak Mortgage Lending, and other originators through our relationship with Angel Oak Capital. We may also invest in other residential mortgage loans, RMBS, and other mortgage‑related assets as defined in target assets below. Our objective is to generate attractive risk‑adjusted returns for our stockholders, through cash distributions and capital appreciation, across interest rate and credit cycles.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $143.7M | $110.4M | $96.0M | $115.5M | $60.6M | $40.8M | — |
| Interest expense | $41.1M | $36.9M | $28.9M | $63.0M | $11.5M | $7.5M | — |
| Pre-tax income | $44.6M | $32.0M | $35.0M | -$191.3M | $22.7M | $736.0K | — |
| Income tax | $352.0K | $3.3M | $1.2M | $3.5M | $1.6M | $0 | — |
| Net income | $44.0M | $28.8M | $33.7M | -$187.8M | $21.1M | $736.0K | — |
| EPS, basic | 1.85 | 1.18 | 1.36 | -7.65 | 1.02 | 0.05 | — |
| EPS, diluted | 1.80 | 1.17 | 1.35 | -7.65 | 1.01 | 0.05 | — |
| Shares, diluted (wtd. avg.) | $24.3M | $24.4M | $24.9M | $24.5M | $20.9M | $15.7M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $41.6M | $40.8M | $44.5M | $39.9M | $52.3M | $46.0M | $9.2M |
| Total assets | $2.75B | $2.27B | $2.31B | $2.95B | $2.58B | $509.7M | — |
| Long-term debt | $2.28B | $1.82B | — | — | — | — | — |
| Total liabilities | $2.48B | $2.03B | $2.05B | $2.71B | $2.09B | $261.3M | — |
| Retained earnings | -$206.0M | -$218.8M | -$216.2M | -$218.0M | $11.5M | $2.6M | — |
| Total equity | $267.5M | $239.0M | $256.1M | $236.5M | $491.4M | $248.3M | $94.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$407.0M | -$221.5M | $306.4M | -$331.1M | -$1.57B | $34.4M | — |
| Depreciation and amortisation | -$61.0K | -$565.0K | -$1.5M | $0 | — | — | — |
| Stock-based compensation | $1.4M | $2.0M | $1.7M | $5.8M | $1.7M | $0 | — |
| Investing cash flow | $13.7M | $120.5M | -$194.1M | $664.3M | -$460.5M | -$52.4M | — |
| Financing cash flow | $395.7M | $99.3M | -$107.7M | -$345.7M | $2.03B | $54.8M | — |
| Dividends paid | $30.9M | $31.0M | $31.9M | $41.7M | $12.2M | $0 | — |
| Buybacks | $0 | $19.9M | $0 | $6.9M | $4.7M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001766478-26-000002.
Others in SIC 6500
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| MRP | Millrose Properties, Inc. | $5.32B | 13.1x | — |
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| CWK | Cushman & Wakefield Ltd. | $3.21B | 35.9x | 8.9% |
| CURB | Curbline Properties Corp. | $3.11B | 79.6x | 51.3% |
| UE | Urban Edge Properties | $2.64B | 28.4x | 6.1% |
| GTY | GETTY REALTY CORP /MD/ | $2.01B | 24.1x | 9.0% |