Business
Angel Oak Mortgage REIT, Inc. Reports Fourth Quarter and Fiscal Year 2024 Financial Results
ATLANTA, March 04, 2025--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 quarter and year ended December 31, 2024.
About this update from Angel Oak Mortgage Reit, Inc.
[{"type":"text","content":"ATLANTA, March 04, 2025--(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 quarter and year ended December 31, 2024.","length":394,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2024 Highlights","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q4 2024 net interest income of $9.9 million demonstrates an increase of 20% versus Q4 2023 net interest income of $8.2 million.","length":127,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q4 2024 GAAP net loss of $(15.1) million, or $(0.65) per diluted share of common stock.","length":87,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q4 2024 Distributable Earnings of $9.9 million, or $0.42 per diluted share of common stock.","length":91,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Declared dividend of $0.32 per share of common stock, paid on February 28, 2025.","length":80,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":385,"olType":false},{"type":"text","content":"Fiscal Year 2024 Highlights","length":27,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"FY 2024 net interest income of $36.9 million demonstrates an increase of 28% versus FY 2023 net interest income of $28.9 million.","length":129,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"FY 2024 GAAP net income of $28.8 million, or $1.17 per diluted share of common stock.","length":85,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"FY 2024 Distributable Earnings of $7.0 million, or $0.28 per diluted share of common stock.","length":91,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP book value of $10.17 per share of common stock as of December 31, 2024.","length":76,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Economic book value of $13.10 per share of common stock as of December 31, 2024.","length":80,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":461,"olType":false},{"type":"text","content":"Sreeni Prabhu, Chief Exec...