Angel Oak Mortgage REIT, Inc. Reports Third Quarter 2026 Financial Results
Angel Oak Mortgage REIT reported a Q3 2026 GAAP net loss of $(16.7) million, or $(0.72) per diluted share, versus net income of $0.46 per diluted share a year earlier, driven by $20.9 million in net realized and unrealized losses. On a cash basis, Distributable Earnings were $6.4 million ($0.28/share) versus $0.5 million a year ago, with nine-month net interest income up 9.5% to $33.1 million. GAAP book value fell 11.5% sequentially to $8.97 per share and economic book value fell 6.5% to $11.45, reflecting higher-rate pressure on portfolio valuations.
Key figures
- Target assets
- 2800000000
- De lines capacity
- $1 billion undrawn of $1.3 billion
- Loan purchases q3
- 233000000
- Dividend per share
- 0.32
- Book value change qoq
- -11.5%
- Distributable earnings
- 6400000
- Economic bv change qoq
- -6.5%
- Net interest income 9m
- 33100000
- Net interest income q3
- 10200000
- Recourse debt to equity
- 2X (1.2X post-AOMT 2026-6 securitization)
- Gaap book value per share
- 8.97
- Net interest income 9m yoy
- 9.5%
- Economic book value per share
- 11.45
- Distributable earnings per share
- 0.28
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