Angel Oak Mortgage REIT: Q4 Results And Impact On Bonds

Binary Tree Analytics5.61K FollowersFollow5ShareSavePlay(7min)CommentsSummaryAngel Oak Mortgage REIT has delivered robust Q4 2025 results, with book value per share up 5.6% year-over-year.AOMR’s portfolio quality remains strong, with residential loan delinquencies at 0.4% and securitized loan delinquencies at 0.7%.The REIT’s securitization strategy leverages minimal equity for substantial loan funding, benefiting from tight underwriting controls.We hold AOMN baby bonds but rate them 'Hold' as the current yield to first call (5%) is unattractive for new buyers. matejmo/iStock via Getty Images Thesis We have not covered the 9.5% Senior Note due 2029 (AOMN) from Angel Oak Mortgage REIT (AOMR) for almost a year now. Given the latest Q4 2025 financials from the REIT, weThis article was written byBinary Tree Analytics5.61K FollowersFollowWith an investment banking cash and derivatives trading background, Binary Tree Analytics ('BTA') aims to provide transparency and analytics in respect to capital markets instruments and trades. BTA focuses on CEFs, ETFs and Special Situations, and aims to deliver high annualized returns with a low volatility profile. We have been investing for over 20 years after obtaining a Finance major at a top university.Analyst’s Disclosure: I/we have a beneficial long position in the shares of AOMN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.