Angel Oak Mortgage REIT, Inc. Reports Third Quarter 2024 Financial Results
Angel Oak Mortgage REIT, Inc. (AOMR)
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today reported financial results for the third quarter of 2024.Third Quarter and Year-to-Date HighlightsQ3 2024 net interest income of $9.0 million, an increase of 22% versus $7.4 million in Q3 2023.Net interest income of $27.1 million in the first nine months of 2024, an increase of 31% versus net interest income of $20.7 million in the first nine months of 2023.Q3 2024 GAAP net income of $31.2 million, or $1.29 per diluted share of common stock.Q3 2024 Distributable Earnings loss of ($3.4) million, or ($0.14) per diluted share of common stock.GAAP book value of $11.28 per share of common stock as of September 30, 2024, up 10.3% from $10.23 per share of common stock as of June 30, 2024.Economic book value of $14.02 per
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AOMR
News
- Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) had its price target lowered by analysts at Wells Fargo & Company from $13.00 to $12.00. They now have an "overweight" rating on the stock.MarketBeat
- Angel Oak Mortgage REIT, Inc. Sets Date for Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Angel Oak Mortgage REIT, Inc. Completes $317 Million Standalone Securitization, Driving Margin Expansion and Setting the Stage for Continued GrowthBusiness Wire
AOMR
Earnings
- 11/6/24 - Miss
AOMR
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- 11/7/24 - Form 10-Q
- AOMR's page on the SEC website