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 Mortgage, Inc. (AOMR) reported a GAAP net income of $3.1 million, or $0.12 per share, for Q4 2021, with distributable earnings of $22.4 million, equating to $0.89 per share. The company experienced a 25% increase in its quarterly dividend to $0.45 per share. Total GAAP net income for 2021 stood at $21.1 million, with an annual EPS of $1.01. Additionally, the company achieved a substantial loan portfolio growth of $1.4 billion since its IPO.
Angel Oak Mortgage, Inc. (NYSE: AOMR) will announce its fourth quarter and full year 2021 financial results on March 15, 2022, after market closure. A conference call is scheduled for 5:00 p.m. Eastern Time that same day. Investors can access a webcast at the Company’s website. Angel Oak Mortgage specializes in acquiring first lien non-agency loans and mortgage-related assets, aiming to deliver attractive risk-adjusted returns through cash distributions and capital appreciation. More information is available at www.angeloakreit.com.
Angel Oak Mortgage, Inc. (NYSE: AOMR) has successfully closed a $537.6 million securitization backed by residential mortgage loans, marking its eighth securitization since its IPO. The company has now securitized over $1.2 billion of non-QM loans. The recent securitization, AOMT 2022-1, consisted of 1,138 loans with a weighted average coupon of 4.48% and received a AAA rating from Fitch. Angel Oak expects to originate over $7.5 billion in non-QM loans in 2022, significantly up from $3.9 billion in 2021, highlighting its leadership in the non-QM mortgage space.
Angel Oak Mortgage Inc. (NYSE: AOMR) announced the successful closing of its seventh securitization, AOMT 2021-7, totaling $386.9 million. This securitization primarily comprises residential mortgage loans, with $373.3 million of mortgage-backed securities placed at a 2.09% weighted average cost of funding. The loans had an average coupon of 4.89%, showcasing strong credit metrics with a credit score of 738, loan-to-value ratio of 72.2%, and debt-to-income ratio of 31.9%. This achievement reflects the company’s consistent securitization strategy and positive market reception for non-QM assets.
Angel Oak Mortgage, Inc. (NYSE: AOMR) reported strong financial results for the third quarter of 2021, achieving a GAAP net income of $6.3 million and EPS of $0.25. Year-to-date, the GAAP net income reached $18.1 million with an EPS of $0.93. The company declared a dividend of $0.36 per share, reflecting its solid performance. The portfolio grew to over $1.7 billion, supported by $534 million in new loan purchases and a successful $316.6 million securitization. With substantial liquidity of $749 million, the company is well-positioned for future investments.
Angel Oak Mortgage, Inc. (NYSE: AOMR) has declared a quarterly dividend of $0.36 per share, payable on November 30, 2021, to shareholders recorded by November 22, 2021. The company focuses on acquiring first lien non-agency loans and other mortgage-related assets in the U.S. mortgage market, aiming to generate attractive risk-adjusted returns for shareholders. The company is externally managed by an affiliate of Angel Oak Capital Advisors, a prominent alternative credit manager.
Angel Oak Mortgage, Inc. (NYSE: AOMR) announced it will release its third quarter 2021 financial results on November 9, 2021, after market close. A conference call will follow at 5 p.m. ET that day, available via a webcast on their website. Investors can participate by calling 1-877-407-9716 domestically or 1-201-493-6779 internationally. A playback of the call will be available until November 23, 2021.
Angel Oak Mortgage, Inc. (NYSE: AOMR) has closed a $316.6 million securitization backed by residential mortgage loans, marking its sixth and first sole securitization. The deal, AOMT 2021-4, included 632 loans and achieved a weighted average coupon of 5.24% with a credit score average of 739. The securitization was rated AAA by Fitch and Kroll, reflecting strong investor demand for non-QM assets. CFO Brandon Filson expressed confidence in ongoing loan acquisition strategies amidst robust housing demand in the U.S.
Angel Oak Mortgage, Inc. (NYSE: AOMR) reported strong second-quarter results, demonstrating resilience in a robust housing market. The Company raised $176.8 million through its IPO on June 21, 2021, achieving a GAAP net income of $2.2 million, or $0.13 per share, for the quarter. Year-to-date net income reached $11.7 million, or $0.72 per share, while GAAP book value increased to $19.48 per share. A quarterly dividend of $0.12 per share was declared, payable August 31, 2021. The portfolio expanded to $1.3 billion, with significant loan acquisitions bolstering its assets.
Angel Oak Mortgage (NYSE: AOMR) announced the release of its second quarter 2021 financial results on August 12, 2021, after market close. A conference call is scheduled for the same day at 5 p.m. EDT, with a webcast available on the Company’s website. Angel Oak Mortgage REIT specializes in investing in non-QM loans and mortgage assets, aiming to provide attractive risk-adjusted returns to stockholders through cash distributions and capital appreciation, even amid fluctuating interest rates and credit markets.
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