earnings
confidence high
sentiment negative
materiality 0.80
Angel Oak Mortgage reports Q4 GAAP net loss of $8.8M, full year loss $187.8M; declares $0.32 dividend
Angel Oak Mortgage REIT, Inc.
- Q4 2022 GAAP net loss $8.8M ($0.36 diluted EPS); distributable earnings $(61.5)M ($2.50 per share).
- Full year 2022 GAAP net loss $187.8M ($7.65 per share); distributable earnings $19.4M ($0.78 per share).
- GAAP book value $9.49 per share as of Dec 31, 2022; economic book value $13.11.
- Declared $0.32 dividend payable March 31, 2023 to holders of record March 22, 2023.
- Secretary Dory Black resigned, David Gordon appointed; name to Angel Oak Mortgage REIT, Inc. effective March 10.