Angel Oak Mortgage REIT Q1 GAAP net income $0.5M, distributable loss $9.1M; BV up to $9.80

Angel Oak Mortgage REIT, Inc.

2023-Q1 EPS reported $0.02

GAAP net income $0.5M ($0.02 EPS); Distributable Earnings loss $9.1M ($0.37 EPS).
GAAP book value per share rose 3.3% to $9.80; Economic book value increased 2.1% to $13.39.
Declared quarterly dividend $0.32 per share, payable May 31, 2023 to holders of record May 22, 2023.
Participated in AOMT 2023-1 securitization ($580.5M total), contributing $241M loans; released $16M cash.
Recourse debt-to-equity ratio improved to 2.0x post-quarter from 3.6x at quarter-end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Angel Oak Mortgage REIT, Inc. reported the quarter ended March 31, 2023 results: net income $0.5 million, EPS $0.02 per diluted share.

Period: the quarter ended March 31, 2023
Net income: $0.5 million
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

Q1 2023 GAAP net income of $0.5 million, or $0.02 per diluted share of common stock.

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Angel Oak Mortgage REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001766478-23-000070

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