Angel Oak Mortgage REIT Reports Strong Q1 2025 Results

Angel Oak Mortgage, Inc. ( (AOMR) ) has released its Q1 earnings. Here is a breakdown of the information Angel Oak Mortgage, Inc. presented to its investors.

Angel Oak Mortgage REIT, Inc. is a real estate finance company specializing in acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The company aims to deliver attractive risk-adjusted returns to its stockholders through cash distributions and capital appreciation.

In the first quarter of 2025, Angel Oak Mortgage REIT, Inc. reported a GAAP net income of $20.5 million, or $0.87 per diluted share, reflecting significant growth compared to the previous year. The company also declared a dividend of $0.32 per share, payable at the end of May 2025.

Key financial highlights include a 17.6% increase in net interest income year-over-year, reaching $10.1 million. The company’s book value per share rose to $10.70, with an economic book value of $13.41 per share. Additionally, the company successfully executed a securitization post-quarter, reducing its debt by approximately $242.4 million.

The company purchased $259 million of newly-originated non-QM residential mortgage loans during the quarter, maintaining a weighted average coupon of 7.67%. With a robust financing capacity of $1.1 billion, Angel Oak Mortgage REIT is well-positioned for future loan acquisitions.

Looking ahead, Angel Oak Mortgage REIT, Inc. remains focused on expanding earnings through strategic loan purchases and disciplined risk management, aiming to enhance long-term shareholder value.