Angel Oak Mortgage REIT, Inc. (AOMR) Form 8-K — Nov 3, 2026
Angel Oak Mortgage REIT (NYSE: AOMR) reported a Q3 2026 GAAP net loss of $16.7 million, or $0.72 per diluted share, driven by $22.6 million of net unrealized losses as higher rates pressured portfolio valuations. Underlying performance improved: Distributable Earnings were $6.4 million ($0.28 per share, an 11.5% annualized return on equity) versus $0.5 million a year ago, and nine-month net interest income rose 9.5% to $33.1 million. GAAP book value fell 11.5% quarter-over-quarter to $8.97 per share and economic book value fell 6.5% to $11.45.
Key figures
- Total assets
- 2898190000
- Target assets
- $2.8 billion
- Ebv change qoq
- -6.5%
- Bvps change qoq
- -11.5%
- Financing drawn
- $255 million
- Dividend per share
- 0.32
- Financing capacity
- $1.3 billion
- Loans purchased q3
- $233 million
- Purchased loan wac
- 7.29%
- Cash and equivalents
- 49130000
- Distributable eps q3
- 0.28
- Net interest income 9m
- 33087000
- Net interest income q3
- 10236000
- Recourse debt to equity
- 2.0x
- Distributable earnings q3
- 6405000
- Gaap book value per share
- 8.97
- Total stockholders equity
- 209753000
- Economic book value per share
- 11.45
- Net interest income 9m growth
- +9.5%
- Distributable earnings roae q3
- 11.5%
- Recourse debt to equity post securitization
- ~1.2x
AI analysis
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