secwatch.observer — SEC 8-K summary
======================================

Issuer:     Angel Oak Mortgage REIT, Inc. (AOMR)
CIK:        0001766478
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001766478-22-000123
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angel Oak Mortgage Q3 GAAP net loss $83.3M ($3.40/share); dividend cut to $0.32
-------------------------------------------------------------------------------

- GAAP net loss $83.3M ($3.40/diluted share); distributable earnings $20.8M ($0.84/share).
- GAAP book value fell to $10.63 per share from prior period; economic book value $12.94.
- Declared Q3 dividend $0.32/share (reduced from prior), payable Nov 30, 2022 to holders of record Nov 22.
- Purchased $62.4M non-QM loans (7.1% coupon); securitized $184.7M UPB; sold $7M commercial loans.
- Recourse debt/equity ratio 3.7x; total financing capacity $1.4B, drawn $870M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766478/000176647822000123/0001766478-22-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766478/000176647822000123/aomr-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001766478-22-000123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer