Here are the 10-K annual reports from Angel Oak Mortgage REIT, Inc. (AOMR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AOMR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AOMR filings page.
Angel Oak Mortgage REIT, Inc. filed its annual report outlining a real estate finance business built around first- and second‑lien non‑QM residential mortgage loans and related mortgage assets sourced largely from affiliated Angel Oak Mortgage Lending. The company seeks to earn attractive risk‑adjusted returns through spread income and retained securitization bonds.
As of December 31, 2025, Angel Oak managed an approximately $2.7 billion portfolio concentrated in residential mortgage loans and RMBS, often financed with warehouse lines and term securitizations. The REIT is externally managed by an Angel Oak affiliate under a new management agreement entered after a strategic transaction in which Brookfield acquired about 51% of Angel Oak Companies.
The report emphasizes key risks: reliance on the external manager and affiliated originator, conflicts of interest around loan sourcing and fees, concentration in non‑QM assets and certain states, use of leverage and securitizations, interest‑rate and credit volatility, and the need to maintain REIT and Investment Company Act status. As of June 30, 2025, non‑affiliate common equity market value was $123.7 million, with 24,914,647 shares outstanding on March 3, 2026.