Angel Oak Mortgage REIT, Inc. (AOMD) reported a third-quarter net loss allocable to common stockholders of $16.673 million, or $0.72 per share, versus net income of $11.410 million, or $0.49 per share, a year earlier. Net interest income was $10.236 million compared with $10.180 million. Net unrealized results were a loss of $22.619 million, versus a gain of $11.280 million.
The company attributed the quarterly unrealized loss primarily to lower valuations of loans in securitization trusts, net of related non-recourse debt, and residential whole loans, partly offset by gains in hedging portfolios. For the first nine months, net loss was $20.699 million versus net income of $32.708 million; non-GAAP Distributable Earnings were $20.033 million versus $7.310 million.
During the quarter, Angel Oak bought $233 million of newly originated loans and HELOCs, with a 7.29% weighted-average coupon, 69.8% weighted-average combined loan-to-value ratio and 758 weighted-average credit score. An August securitization had approximately $221.4 million scheduled unpaid principal and included $71.4 million in loans contributed by the company. After quarter-end, it declared a $0.32-per-share dividend payable November 30, 2026, to holders of record November 23, 2026.
Angel Oak Mortgage REIT, Inc. (AOMD) reported a GAAP net loss of $16.673 million for Q3 2026, versus net income of $11.410 million in Q3 2025, or a loss of $0.72 per diluted share. Q3 net interest income was $10.236 million versus $10.180 million; nine-month net interest income rose 9.5% to $33.087 million. Distributable Earnings, a non-GAAP measure, were $6.405 million, or $0.28 per diluted share.
At September 30, 2026, GAAP book value was $8.97 per share and economic book value was $11.45 per share, down 11.5% and 6.5%, respectively, from Q2. The company purchased $233 million of newly-originated, current market coupon non-QM residential mortgage loans and HELOCs and completed two securitizations early in the quarter. Target assets were $2.8 billion; residential whole loans awaiting securitization had $303.7 million fair value, both as of September 30, 2026.
As of September 30, 2026, four loan financing lines permitted up to $1.3 billion of borrowings; approximately $255 million was drawn, leaving approximately $1 billion capacity for new loan purchases. Recourse debt-to-equity was 2x at quarter-end and approximately 1.2x after the October AOMT 2026-6 securitization. The company declared a $0.32-per-share dividend, payable November 30, 2026, to holders of record November 23.
Angel Oak Mortgage REIT, Inc. adopted amended and restated bylaws effective October 6, 2026. The changes expand procedures for shareholder-requested special meetings, director nominations and shareholder proposals, including additional information and representations, notice updates and supplemental information on request.
The bylaws also require nominees to submit to Board interviews within 10 days of a reasonable request and clarify authority over meeting procedures. They clarify the exclusive forum provision for certain state-law claims and establish U.S. federal district courts as the exclusive forum for complaints asserting solely claims under the Securities Act of 1933. Other changes address Rule 14a-19 and include ministerial updates.
Angel Oak Mortgage REIT, Inc. and two subsidiaries extended their loan financing facility with Global Investment Bank 3 through September 25, 2027. The interest rate pricing spread was reduced to 1.35% to 4.75%, compared with 1.75% to 4.75% before the extension.
Angel Oak Mortgage REIT, Inc. and two subsidiaries extended their loan financing facility with Multinational Bank 1 through December 28, 2026. The facility had been set to expire September 25, 2026, and the agreement contemplates rolling three-month renewals.
The interest rate pricing spread is now 1.20% to 2.10%, compared with 1.30% to 2.10% before the extension.
Angel Oak Mortgage REIT, Inc. CFO & Treasurer Brandon Filson sold 65,000 shares of common stock on September 22, 2026, at a weighted average price of $7.9292 per share. After the sale, he directly held 107,815 shares. No Rule 10b5-1 plan is reported. A footnote says the number of shares sold at each separate price will be provided upon request.
Angel Oak Mortgage REIT, Inc. (AOMD) received a notice of proposed sale under Rule 144 from Brandon Robert Filson. The notice covers the potential sale of 65,000 shares of common stock held through Charles Schwab. The shares have an aggregate market value of $518,050.00 and relate to a class with 23,214,877 shares outstanding as of September 22, 2026. The securities were acquired from the issuer as restricted stock awards, in multiple tranches between June 2022 and June 2023, and are listed on the NYSE.
Angel Oak Mortgage REIT, Inc. (AOMD) director W D Minami purchased additional common stock on September 10, 2026. The director bought 6,800 shares at $8.10 per share in an open-market or private transaction and now directly owns 87,118 shares of common stock. No Rule 10b5-1 trading plan is reported for this transaction.
Angel Oak Mortgage REIT, Inc. (symbol: AOMD) is the issuer of record for a Form 4 filing submitted to the SEC.
Angel Oak Mortgage REIT, Inc. common stock ownership by Xylem Finance LLC, Davidson Kempner Capital Management LP, and Anthony A. Yoseloff is updated in this amendment. Together they report beneficial ownership of 1,158,320 shares of common stock, representing 4.99% of the class, based on 23,214,877 shares outstanding as of August 4, 2026. Each reporting person has 0 shares with sole voting or dispositive power and shared voting and dispositive power over all reported shares.
The amendment states that no transactions in Angel Oak Mortgage REIT common stock have been effected by the reporting persons since their prior amendment filed July 16, 2026, and identifies August 4, 2026 as the reference date for the current ownership level.