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.
Angel Oak Mortgage REIT, Inc. (AOMR) is a prominent real estate finance company specializing in acquiring and investing in first lien non-QM loans alongside other mortgage-related assets within the U.S. mortgage market. The company's primary objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation, regardless of varying interest rates and credit cycles.
Core Business:
Angel Oak Mortgage REIT focuses on first lien non-qualified mortgage (non-QM) loans, which offer unique flexibility compared to traditional agency-conforming loans. They cater to borrowers who do not fit standard agency guidelines but possess loan profiles that make financial sense.
Recent Achievements:
In 2024, the company executed its first standalone securitization of the year, AOMT 2024-4, a $300 million securitization backed by a pool of residential mortgage loans. This initiative lowered the weighted average funding cost for the underlying loans by over 100 basis points and released nearly $40 million in capital.
Current Projects:
Angel Oak Mortgage REIT currently participates in various securitizations to optimize its funding costs and enhance its portfolio's performance. The company is also actively involved in purchasing high-quality, current market coupon loans, which are expected to drive further growth in net interest margins.
Financial Condition:
As of the first quarter of 2024, Angel Oak Mortgage REIT reported GAAP net income of $12.9 million, or $0.51 per diluted share, and distributable earnings of $2.8 million, or $0.11 per diluted share. The company's GAAP book value increased to $10.55 per share while the economic book value rose to $13.78 per share.
Partnerships:
The company is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, a leading alternative credit manager with a vertically integrated mortgage origination platform. This partnership ensures that Angel Oak Mortgage REIT benefits from extensive expertise and strategic guidance in the mortgage market.
Products and Services:
Angel Oak Mortgage REIT offers a range of non-QM loan products that include owner-occupied, non-owner-occupied, non-traditional income, foreign nationals, full documentation, and cash flow income investment properties. Their product offerings are available in over 35 states, providing extensive coverage and flexibility to their clients.
For more information, visit the company's official website at www.angeloakreit.com.
Angel Oak Capital Advisors has announced the securitization of AOMT 2023-1, totaling approximately $580.5 million. This issuance features loans from Angel Oak-affiliated lenders and has received a AAA rating from Fitch Ratings. The transaction, which consists of 1,073 loans, reflects strong institutional investor interest, with an average credit score of 736 and a loan-to-value ratio of 71.1%. This marks Angel Oak's total AOMT issuance to over $13 billion, highlighting the firm's commitment to the non-agency RMBS market as it anticipates increased activity in 2023.
Angel Oak Mortgage, Inc. (NYSE: AOMR) announced a strategic initiative to enhance its growth positioning for 2023. The company converted approximately
Angel Oak Mortgage, Inc. (AOMR) reported significant Q3 2022 results, showcasing a GAAP net loss of $83.3 million or $(3.40) per diluted share. However, distributable earnings reached $20.8 million or $0.84 per share. A quarterly dividend of $0.32 per share was declared, payable on November 30, 2022. The company’s total assets stood at $3.2 billion, with a focus on non-QM loan purchases amounting to $62.4 million. Despite market challenges, CEO Sreeniwas Prabhu indicated confidence in the portfolio's strength and future performance.
Angel Oak Mortgage, Inc. (NYSE: AOMR) will announce its third quarter 2022 financial results before market open on November 8, 2022. A conference call is scheduled for 8:30 a.m. Eastern Time that same day. Investors can access a webcast of the call through the company's website, with dial-in details provided for participation. The company focuses on investing in first lien non-QM loans and mortgage-related assets, aiming to deliver attractive risk-adjusted returns through cash distributions and capital appreciation.
Angel Oak Mortgage (NYSE: AOMR) has appointed Sreeni Prabhu as Chief Executive Officer and President, effective immediately. Prabhu, a co-founder and Managing Partner of Angel Oak Capital, will retain his current roles while taking on leadership of the Company. Chairman Michael Fierman believes Prabhu’s experience will drive growth following the Company’s successful IPO in 2021. The transition reflects the Board's confidence in Prabhu to effectively guide the Company’s strategy in the mortgage market.
Angel Oak Mortgage, Inc. (NYSE: AOMR) reported a Q2 2022 net loss of $52.1 million, or $(2.13) per diluted share, despite generating distributable earnings of $22.8 million, or $0.90 per diluted share. The GAAP book value declined to $14.73 per share from $16.80 at the end of Q1 2022, while economic book value also fell to $16.05 from $17.61. The company declared a dividend of $0.45 per share, payable on August 31, 2022. Significant investments included $257 million in non-QM loans, and a new warehouse facility increased financing capacity to $1.9 billion.
Angel Oak Mortgage, Inc. (NYSE: AOMR) will release its second quarter 2022 financial results on August 9, 2022, after market close. A conference call is scheduled for 5:00 p.m. Eastern Time on the same day, with a webcast available on their website. Investors can join the call by dialing one of the provided numbers, and playback will be available until August 23, 2022. Angel Oak focuses on acquiring first lien non-QM loans and aims to deliver strong risk-adjusted returns for its shareholders.
Angel Oak Mortgage, Inc. (AOMR) reported Q1 2022 results, showing a GAAP net loss of $43.5 million or $(1.77) per diluted share. In contrast, distributable earnings reached $37.3 million, translating to $1.49 per diluted share. The company declared a dividend of $0.45 per share, payable on May 31, 2022. The GAAP book value decreased to $16.80 from $19.47 as of December 31, 2021. Despite challenges from market volatility, AOMR continues to enhance its portfolio and financing capabilities, purchasing $676.0 million in loans during the quarter.
Angel Oak Mortgage, Inc. (NYSE: AOMR) will announce its first quarter 2022 financial results after market close on May 12, 2022. A conference call is scheduled for 5:00 p.m. Eastern Time that same day, accessible via www.angeloakreit.com. Participants can join by calling 1-877-407-9716 (Domestic) or 1-201-493-6779 (International). Playback for the call will be available until May 26, 2022. Angel Oak focuses on investing in non-QM loans, aiming to deliver appealing returns to shareholders.
Angel Oak Mortgage (NYSE: AOMR) has announced tax information regarding its dividend distributions for 2021, totaling
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