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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and Angel Oak Mortgage REIT, Inc. (AOMR). Click either name above to swap in a different company.
Armada Hoffler Properties, Inc. is the larger business by last-quarter revenue ($75.6M vs $10.9M, roughly 6.9× Angel Oak Mortgage REIT, Inc.). Angel Oak Mortgage REIT, Inc. runs the higher net margin — 103.9% vs 3.1%, a 100.7% gap on every dollar of revenue. On growth, Angel Oak Mortgage REIT, Inc. posted the faster year-over-year revenue change (10.4% vs 0.8%). Over the past eight quarters, Angel Oak Mortgage REIT, Inc.'s revenue compounded faster (12.7% CAGR vs -22.8%).
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
Angel Oak Mortgage REIT, Inc. is a U.S.-based real estate investment trust focused on investing in residential mortgage assets, including non-agency mortgage-backed securities, residential mortgage loans, and credit-linked real estate instruments. It serves U.S. institutional and retail investors, targeting competitive risk-adjusted returns through regular income and long-term capital growth.
AHH vs AOMR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $10.9M |
| Net Profit | $2.4M | $11.3M |
| Gross Margin | — | — |
| Operating Margin | 31.0% | — |
| Net Margin | 3.1% | 103.9% |
| Revenue YoY | 0.8% | 10.4% |
| Net Profit YoY | -89.8% | 175.2% |
| EPS (diluted) | $0.00 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.6M | $10.9M | ||
| Q3 25 | $23.2M | $10.2M | ||
| Q2 25 | $32.0M | $9.9M | ||
| Q1 25 | $46.6M | $10.1M | ||
| Q4 24 | $75.0M | $9.9M | ||
| Q3 24 | $114.4M | $9.0M | ||
| Q2 24 | $116.8M | $9.5M | ||
| Q1 24 | $127.0M | $8.6M |
| Q4 25 | $2.4M | $11.3M | ||
| Q3 25 | $80.0K | $11.4M | ||
| Q2 25 | $5.9M | $767.0K | ||
| Q1 25 | $-2.8M | $20.5M | ||
| Q4 24 | $23.4M | $-15.1M | ||
| Q3 24 | $-5.0M | $31.2M | ||
| Q2 24 | $3.2M | $-273.0K | ||
| Q1 24 | $14.1M | $12.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 45.0% | — | ||
| Q2 24 | 41.8% | — | ||
| Q1 24 | 37.9% | — |
| Q4 25 | 31.0% | — | ||
| Q3 25 | 91.5% | — | ||
| Q2 25 | 63.9% | 7.7% | ||
| Q1 25 | 33.8% | — | ||
| Q4 24 | 50.1% | -152.6% | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 11.9% | -1.4% | ||
| Q1 24 | 15.1% | — |
| Q4 25 | 3.1% | 103.9% | ||
| Q3 25 | 0.3% | 112.1% | ||
| Q2 25 | 18.6% | 7.7% | ||
| Q1 25 | -6.0% | 203.5% | ||
| Q4 24 | 31.2% | -152.6% | ||
| Q3 24 | -4.4% | 345.9% | ||
| Q2 24 | 2.7% | -2.9% | ||
| Q1 24 | 11.1% | 150.1% |
| Q4 25 | $0.00 | $0.44 | ||
| Q3 25 | $-0.04 | $0.46 | ||
| Q2 25 | $0.04 | $0.03 | ||
| Q1 25 | $-0.07 | $0.87 | ||
| Q4 24 | $0.28 | $-0.62 | ||
| Q3 24 | $-0.11 | $1.29 | ||
| Q2 24 | $0.00 | $-0.01 | ||
| Q1 24 | $0.17 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.1M | $41.6M |
| Total DebtLower is stronger | $1.5B | $2.3B |
| Stockholders' EquityBook value | $627.8M | $267.5M |
| Total Assets | $2.6B | $2.7B |
| Debt / EquityLower = less leverage | 2.43× | 8.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $41.6M | ||
| Q3 25 | $46.5M | $51.6M | ||
| Q2 25 | $52.1M | $40.5M | ||
| Q1 25 | $45.7M | $38.7M | ||
| Q4 24 | $31.9M | $40.8M | ||
| Q3 24 | $43.9M | $42.1M | ||
| Q2 24 | $20.3M | $44.0M | ||
| Q1 24 | $41.9M | $39.4M |
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $627.8M | $267.5M | ||
| Q3 25 | $638.8M | $264.2M | ||
| Q2 25 | $652.0M | $246.4M | ||
| Q1 25 | $657.4M | $251.5M | ||
| Q4 24 | $670.6M | $239.0M | ||
| Q3 24 | $663.9M | $265.1M | ||
| Q2 24 | $562.7M | $255.8M | ||
| Q1 24 | $571.4M | $263.3M |
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.6B | $2.6B | ||
| Q2 25 | $2.6B | $2.6B | ||
| Q1 25 | $2.5B | $2.7B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.6B | $2.1B | ||
| Q1 24 | $2.6B | $2.3B |
| Q4 25 | 2.43× | 8.51× | ||
| Q3 25 | 2.33× | 8.37× | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 1.93× | 7.62× | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.50× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-52.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -4.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-52.5M | ||
| Q3 25 | $26.3M | $-173.4M | ||
| Q2 25 | $11.1M | $20.6M | ||
| Q1 25 | $107.0K | $-201.7M | ||
| Q4 24 | $20.8M | $-25.1M | ||
| Q3 24 | $27.3M | $-212.4M | ||
| Q2 24 | $17.4M | $-24.2M | ||
| Q1 24 | $46.5M | $40.2M |
| Q4 25 | — | -4.64× | ||
| Q3 25 | 328.63× | -15.19× | ||
| Q2 25 | 1.87× | 26.92× | ||
| Q1 25 | — | -9.83× | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | — | -6.81× | ||
| Q2 24 | 5.48× | — | ||
| Q1 24 | 3.30× | 3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
AOMR
Segment breakdown not available.
