Angel Oak Mortgage REIT posts Q2 GAAP net loss of $3.7M, declares $0.32 dividend

Angel Oak Mortgage REIT, Inc.

2023-Q2 EPS reported -$0.13

GAAP net loss $3.7M ($0.15 diluted EPS); Distributable Earnings loss $3.9M ($0.16 per share).
GAAP book value $9.34/share; economic book value $13.16/share as of June 30, 2023.
Declared dividend $0.32/share, payable Aug 31 to holders of record Aug 22.
Priced $284.5M securitization (AOMT 2023-4), reducing warehouse debt ~45.6% from Q1; released >$35M capital.
New loan purchases/locks ~$50M at 8.4% coupon, 72% LTV, 754 FICO; $929M financing capacity, $695M undrawn.

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 June 30, 2023 results: net income ($3.7) million, EPS $(0.15) per diluted share of common stock.

Period: the quarter ended June 30, 2023
Net income: ($3.7) million
EPS: $(0.15) per diluted share of common stock
Result: reported results

Exact text from the filing

Q2 2023 GAAP net loss of ($3.7) million, or $(0.15) per diluted share of common stock.

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Angel Oak Mortgage REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001766478-23-000109

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