secwatch.observer — SEC 8-K summary
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Issuer:     Angel Oak Mortgage REIT, Inc. (AOMR)
CIK:        0001766478
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001766478-24-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766478/000176647824000077/0001766478-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766478/000176647824000077/aomr-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001766478-24-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer