Angel Oak Mortgage REIT Q1 2024 net income $12.9M ($0.51 EPS); book value up 2.8%

Angel Oak Mortgage REIT, Inc.

2024-Q1 EPS reported $0.51

GAAP net income of $12.9M ($0.51 diluted EPS); Distributable Earnings of $2.8M ($0.11/share).
GAAP book value per share $10.55 (up 2.8% from $10.26); economic book value $13.78 (up 1.8%).
Declared dividend of $0.32/share payable May 31 to holders of record May 22.
Post-quarter AOMT 2024-4 securitization of $300M loans reduced warehouse debt $236M, lowered financing costs ~100 bps.
Recourse debt/equity at 1.8x as of Mar 31, declining to ~0.5x after securitization; expected below 2.5x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Angel Oak Mortgage REIT, Inc. reported the quarter ended March 31, 2024 results: net income $12.9 million, EPS $0.51 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $12.9 million
EPS: $0.51 per diluted share
Result: reported results

Exact text from the filing

Q1 2024 GAAP net income of $12.9 million, or $0.51 per diluted share of common stock.

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Angel Oak Mortgage REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001766478-24-000048

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