Angel Oak Mortgage REIT Inc Stock Price, News & Analysis

Angel Oak Mortgage REIT (NYSE: AOMR) has announced a public offering of senior notes due 2030. The notes will be guaranteed by Angel Oak Mortgage Operating Partnership, LP and will be listed on the NYSE under the symbol "AOMD". The company plans to use the proceeds for general corporate purposes, including the acquisition of non-qualified residential mortgage loans and other target assets through its affiliated proprietary mortgage lending platform or secondary market.

The offering's joint book-running managers include RBC Capital Markets, UBS Investment Bank, Wells Fargo Securities, and Piper Sandler & Co, with B. Riley Securities and Janney Montgomery Scott serving as co-managers. The offering will be made through an effective shelf registration statement and prospectus.

Angel Oak Mortgage REIT (NYSE: AOMR) reported strong Q1 2025 financial results with GAAP net income of $20.5 million ($0.87 per diluted share). The company achieved net interest income of $10.1 million, marking a 17.6% increase from Q1 2024. AOMR's GAAP book value reached $10.70 per share, while economic book value hit $13.41 per share, representing increases of 5.2% and 2.4% respectively from 2024. The company declared a dividend of $0.32 per share, payable May 30, 2025. During Q1, AOMR purchased $259.0 million of non-QM residential mortgage loans with a 7.67% weighted average coupon. Post-quarter, the company executed AOMT 2025-4 securitization, contributing loans with $284.3 million unpaid principal balance, reducing debt by $242.4 million and releasing $24.7 million in cash.

Angel Oak Mortgage REIT (NYSE: AOMR) has scheduled its first quarter 2025 earnings release and conference call. The company, which specializes in acquiring and investing in first lien non-QM loans and mortgage-related assets in the U.S. mortgage market, will release its financial results before market opening on Monday, May 5, 2025.

A conference call will be held at 8:30 a.m. Eastern Time the same day. Investors can access the webcast through the company's website at angeloakreit.com. The conference call playback will be available until May 19, 2025, through both domestic (1-844-826-3033) and international (1-412-317-5185) dial-in numbers.

Angel Oak Mortgage REIT (NYSE: AOMR) has reported its Q4 and fiscal year 2024 financial results. Q4 2024 showed net interest income of $9.9 million, up 20% from Q4 2023, though with a GAAP net loss of $(15.1) million. The company posted Q4 Distributable Earnings of $9.9 million ($0.42 per share).

Full-year 2024 highlights include net interest income of $36.9 million (28% increase vs 2023), GAAP net income of $28.8 million ($1.17 per share), and Distributable Earnings of $7.0 million. The company's GAAP book value stood at $10.17 per share, with economic book value at $13.10.

In 2024, AOMR participated in five securitization transactions totaling $855 million in unpaid principal balance and purchased $683.7 million in non-QM residential mortgage loans. The company maintains three loan financing lines with $1.1 billion total capacity, of which only $129 million is drawn. A dividend of $0.32 per share was declared, paid on February 28, 2025.

Angel Oak Mortgage REIT (NYSE: AOMR), a real estate finance company specializing in first lien non-QM loans and mortgage-related assets, has announced its schedule for the release of fourth quarter and full year 2024 financial results. The company will release its financial results before market opening on Tuesday, March 4, 2025, followed by a conference call at 8:30 a.m. Eastern Time.

The conference call will be accessible via webcast through the company's website at angeloakreit.com, with domestic dial-in available at 1-844-826-3033 and international at 1-412-317-5185. A playback option will be available until March 18, 2025.

Angel Oak Mortgage REIT (NYSE: AOMR), a real estate finance company focusing on first lien non-QM loans and mortgage-related assets, has announced a quarterly cash dividend of $0.32 per share. The dividend will be paid on February 28th, 2025, to stockholders of record as of February 21st, 2025. The company specializes in acquiring and investing in mortgage-related assets within the U.S. mortgage market.

Angel Oak Mortgage REIT (NYSE: AOMR) has released its dividend distribution tax information for 2024. The company distributed total dividends of $1.28 per share of common stock through four regular quarterly payments of $0.32 each. The tax characterization shows that $0.57472 per share is classified as Ordinary Income (qualifying as 'Qualified REIT Dividends' under IRC Section 199A), and $0.70528 per share represents Return of Capital. The dividends were paid on February 29, May 31, August 31, and November 27, 2024, with respective record dates preceding each payment.

Angel Oak Mortgage REIT (NYSE: AOMR) has participated in AOMT 2024-13, a $288.9 million securitization backed by residential mortgage loans. The company contributed $167.2 million in scheduled unpaid principal balance, marking its fifth securitization of 2024. The deal brings AOMR's total securitization volume for 2024 to over $850 million.

The securitization consists of 627 loans with a weighted average mortgage rate of 7.37%, original credit score of 754, loan-to-value ratio of 69.9%, and debt-to-income ratio of 33.8%. AOMR carried $141.5 million of warehouse financing against its contributed loans and will retain its pro-rata share of unsold bonds. The senior tranche received an AAA rating from Fitch Ratings.

Angel Oak Mortgage REIT (NYSE: AOMR) reported Q3 2024 financial results with net interest income of $9.0 million, up 22% year-over-year. The company posted GAAP net income of $31.2 million ($1.29 per diluted share) but recorded a Distributable Earnings loss of $3.4 million. GAAP book value increased 10.3% to $11.28 per share, while Economic book value rose 6.5% to $14.02 per share. The company issued $50 million in senior unsecured notes and deployed funds for non-QM loan acquisitions and share repurchases. Post-quarter, AOMR executed a securitization of $316.8 million in loans with a 7.79% weighted average coupon, reducing warehouse debt by $260 million.