earnings
confidence high
sentiment neutral
materiality 0.75
Angel Oak Q4 GAAP net loss $(0.65)/shr; distributable earnings $0.42, NII up 20%
Angel Oak Mortgage REIT, Inc.
- Q4 GAAP net loss of $(15.1)M ($(0.65)/diluted share); net interest income $9.9M (+20% YoY).
- FY 2024 GAAP net income $28.8M ($1.17/diluted share); distributable earnings $7.0M ($0.28/share).
- GAAP book value $10.17, economic book value $13.10 per share as of Dec 31, 2024.
- 2024 loan purchases of $683.7M; five securitizations with $855M contributed UPB.
- Dividend declared $0.32/share, paid Feb 28, 2025.