Welcome to our dedicated page for Angel Oak Mortgage REIT news (Ticker: $AOMR), a resource for investors and traders seeking the latest updates and insights on Angel Oak Mortgage REIT stock.
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Angel Oak Mortgage REIT, Inc. reported positive financial results for Q1 2024, with GAAP net income of $12.9 million and distributable earnings of $2.8 million. The company's GAAP book value and economic book value per share increased compared to the previous quarter. The AOMT 2024-4 securitization contributed to releasing additional capital for future earnings growth. The company's focus on disciplined loan acquisitions and expense management led to increased shareholder value. The portfolio and investment activity saw a reduction in whole loan warehouse debt and financing costs with a higher weighted average coupon. Capital markets activity showed a total financing capacity of $1.1 billion, providing ample room for new loan purchases. The balance sheet grew, maintaining liquidity and risk management while increasing shareholder value. The dividend of $0.32 per share of common stock signifies the company's commitment to rewarding its shareholders.