Order-preserving DAG grammars (OPDGs) is a formalism for representing languages of structurally restricted graphs. As demonstrated in [17], they are sufficiently expressive to model abstract meaning representations in natural language processing, a graph-based form of semantic representation in which nodes encode objects and edges relations. At the same time, they can be parsed in O (n2 + nm) , where m and n are the sizes of the grammar and the input graph, respectively. In this work, we provide an initial algebra semantic for OPDGs, which allows us to view them as regular tree grammars under an equivalence theory. This makes it possible to transfer results from the field of formal tree languages to the domain of OPDGs, both in the unweighted and the weighted case. In particular, we show that deterministic OPDGs can be minimised efficiently, and that they are learnable under the \minimal adequeate teacher" paradigm, that is, by querying an oracle for equivalence between languages, and membership of individual graphs. To conclude, we demonstrate that the languages generated by OPDGs are definable in monadic second-order logic.