NYSE:AOMR

Angel Oak Mortgage REIT, Inc. Reports First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, May 7, 2024
REIT, Finance, Professional Services, Asset Management, Construction & Property, Oak, United States Treasury security, Conference, GAAP, Growth, Risk, Security (finance)

Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the first quarter of 2024.

Key Points: 
  • Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the first quarter of 2024.
  • Declared dividend of $0.32 per share of common stock, to be paid on May 31, 2024 to common stockholders of record as of May 22, 2024.
  • Following quarter end, on April 11, 2024, the Company priced the AOMT 2024-4 securitization as the sole contributor of loans.
  • The Company held residential mortgage whole loans with fair value of $368.4 million as of March 31, 2024.

Angel Oak Mortgage REIT, Inc. Sets Date for First Quarter 2024 Earnings Release and Conference Call

Retrieved on: 
Tuesday, April 23, 2024
REIT, Finance, Professional Services, Asset Management, Construction & Property, Oak, Internet service provider

Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its first quarter 2024 financial results before the market opens on Tuesday, May 7, 2024.

Key Points: 
  • Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its first quarter 2024 financial results before the market opens on Tuesday, May 7, 2024.
  • A conference call will be held that day at 8:30 a.m. Eastern Time.
  • A webcast of the conference call will be available at the Investors section of the Company’s website at www.angeloakreit.com .
  • To participate in the conference call, dial one of the following numbers at least 15 minutes prior to the start time:
    For conference call playback (which can be accessed through May 21, 2024), dial one of the following numbers:

Angel Oak Mortgage REIT, Inc. Prices AOMT 2024-4, a $300 Million Standalone Securitization, Further Expanding Earnings and Releasing Capital for Additional Loan Purchases

Retrieved on: 
Wednesday, April 10, 2024
REIT, Finance, Professional Services, Asset Management, Construction & Property, Oak, M1, Economics, Security (finance), AAA, A1, Fitch Ratings, FICO, Growth, Real estate

The A1 through M1 tranches were sold, with the Company retaining the economics of the unsold tranches.

Key Points: 
  • The A1 through M1 tranches were sold, with the Company retaining the economics of the unsold tranches.
  • With this securitization, the Company will reduce its whole loan warehouse debt by $236 million, reducing its total recourse debt to equity ratio in-kind.
  • With the capital released from the securitization, AOMR intends to accelerate purchases of current market coupon loans, leveraging the Angel Oak ecosystem and purchasing new loans primarily through its affiliated mortgage originator.
  • The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

Angel Oak Mortgage REIT, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 5, 2024
REIT, Finance, Professional Services, Asset Management, Construction & Property, Risk, Growth, Conference, GAAP, Oak, Real estate

GAAP book value of $10.26 per share of common stock as of December 31, 2023.

Key Points: 
  • GAAP book value of $10.26 per share of common stock as of December 31, 2023.
  • Total GAAP net income of $33.7 million, or $1.35 per diluted share of common stock, for the year ended December 31, 2023.
  • Distributable Earnings of $(28.1) million, or $(1.14) per diluted share of common stock, for the year ended December 31, 2023.
  • Prior to year-end, in December 2023, the Company participated in AOMT 2023-7 along other Angel Oak entities.

Angel Oak Mortgage REIT, Inc. Sets Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, February 20, 2024
REIT, Finance, Professional Services, Asset Management, Construction & Property, Oak

A conference call will be held that day at 8:30 a.m. Eastern Time.

Key Points: 
  • A conference call will be held that day at 8:30 a.m. Eastern Time.
  • A webcast of the conference call will be available at the Investors section of the Company’s website at www.angeloakreit.com .
  • To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.
  • To participate in the conference call, dial one of the following numbers at least 15 minutes prior to the start time:
    For conference call playback (which can be accessed through March 19, 2024), dial one of the following numbers:

Angel Oak Mortgage REIT, Inc. Declares Quarterly Common Stock Dividend

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Oak

Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced that its Board of Directors has declared a quarterly cash dividend.

Key Points: 
  • Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced that its Board of Directors has declared a quarterly cash dividend.
  • The Board has declared a dividend of $0.32 per share of common stock.
  • The dividend is payable on February 29th, 2024 to common stockholders of record as of February 22nd, 2024.

Angel Oak Mortgage REIT, Inc. Announces Dividend Distribution Tax Information for 2023

Retrieved on: 
Thursday, February 1, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Oak, CUSIP

Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced tax information regarding its dividend distributions for 2023.

Key Points: 
  • Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced tax information regarding its dividend distributions for 2023.
  • During 2023, the Company distributed dividends totaling $1.28 per share of common stock (CUSIP 03464Y108).
  • The table below provides information on the expected federal income tax characterization for the Company’s common stock dividend distributions paid in 2023.
  • Shareholders are encouraged to confirm that the tax statements they receive from their brokerage firms align with the information reported in this document and to consult with their tax advisors to determine individual tax implications.

Angel Oak Mortgage REIT, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Construction & Property, Professional Services, REIT, Finance, Borrowing base, Growth, Oak, Conference, GAAP, NYSE, United States Treasury security, Treasury, Acquisition, Real estate, Security (finance), Life insurance, Cryptocurrency, Holding company, Bank

Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the quarter ended September 30, 2023.

Key Points: 
  • Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the quarter ended September 30, 2023.
  • Declared dividend of $0.32 per share of common stock, payable on November 30, 2023, to common stockholders of record as of November 22, 2023.
  • On November 8, 2023, the Company declared a dividend of $0.32 per share of common stock for the third quarter of 2023.
  • The dividend is payable on November 30, 2023 to common stockholders of record as of November 22, 2023.

Angel Oak Mortgage REIT, Inc. Sets Date for Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Tuesday, October 24, 2023
Commercial Building & Real Estate, Construction & Property, Finance, Consulting, REIT, Professional Services, Data Analytics, Other Construction & Property, Other Professional Services, Oak, NYSE, Real estate, Internet service provider

Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its third quarter 2023 financial results before the market opens on Tuesday, November 7, 2023.

Key Points: 
  • Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, announced today that the Company will release its third quarter 2023 financial results before the market opens on Tuesday, November 7, 2023.
  • A conference call will be held that day at 8:30 a.m. Eastern Time.
  • A webcast of the conference call will be available at the Investors section of the Company’s website at www.angeloakreit.com .
  • To participate in the conference call, dial one of the following numbers at least 15 minutes prior to the start time:
    For conference call playback (which can be accessed through November 21, 2023), dial one of the following numbers:

Angel Oak Mortgage REIT, Inc. Reduces Funding Costs and Boosts Liquidity with Participation in $260.6 million Securitization

Retrieved on: 
Tuesday, August 22, 2023
Commercial Building & Real Estate, Construction & Property, REIT, Oak, Fitch Ratings, Security (finance), Securities and Exchange Commission (Philippines), AAA, NYSE, Real estate, Bank

Similar to this year’s AOMT 2023-1 securitization, AOMR participated in AOMT 2023-5 alongside other Angel Oak entities.

Key Points: 
  • Similar to this year’s AOMT 2023-1 securitization, AOMR participated in AOMT 2023-5 alongside other Angel Oak entities.
  • “AOMT 2023-5 builds upon the positive momentum of June’s AOMT 2023-4 securitization, the earnings impact of which had not yet been demonstrated in our Q2 results.
  • This is expected to continue to increase as newly-originated loans are purchased with capital released from the securitization.
  • AOMR contributed loans with a scheduled unpaid principal balance of $93.8 million, against which it carried $63.5 million of debt on its highest-cost loan financing facility.