Angel Oak Mortgage REIT Q2 net loss $0.3M; issues $50M notes, repurchases shares

Angel Oak Mortgage REIT, Inc.

2024-Q2 EPS reported $0.50

Q2 2024 net interest income $9.5M (+47% YoY); GAAP net loss ($0.3M) or ($0.01)/diluted share.
Distributable Earnings loss ($2.3M) or ($0.09)/share; GAAP book value $10.23 (down from $10.55 in Q1).
Declared $0.32/share dividend payable Aug 30; record Aug 22.
Issued $50M senior unsecured notes due 2029 at 9.50% coupon; repurchased 1.7M shares from affiliate for $20M.
Executed AOMT 2024-4 securitization ($299.8M loans); portfolio WAC increased to 7.71%.

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