Angel Oak REIT Q3 GAAP net income $31.2M, distributable loss $3.4M; dividend $0.32

Angel Oak Mortgage REIT, Inc.

2024-Q3 EPS reported $1.76

GAAP net income $31.2M ($1.29/diluted); Distributable Earnings loss ($3.4M) ($0.14/diluted).
Net interest income $9.0M, up 22% YoY from $7.4M; economic book value $14.02/share, +6.5% QoQ.
Issued $50M of 9.5% senior notes due 2029; repurchased 1.7M shares from affiliate for $20M.
Declared $0.32 per share dividend, payable Nov 27, 2024 to holders of record Nov 19.
Post-quarter AOMT 2024-10 securitization: $316.8M loans, reduced warehouse debt ~$260M.

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