Quarterly ResultMay 5, 2026, 07:28 AM
Angel Oak Mortgage REIT Q1 2026 Net Loss $(7.4)M; EPS $(0.30)
AI Summary
Angel Oak Mortgage REIT, Inc. reported a GAAP net loss of $(7.4) million, or $(0.30) per diluted share, for the first quarter of 2026. Despite the net loss, the company saw a 20.1% increase in net interest income to $12.1 million compared to the prior year. GAAP book value decreased by 4.0% to $10.31 per share, while economic book value decreased by 3.3% to $12.28 per share from the end of 2025. The company declared a quarterly dividend of $0.32 per share and successfully executed a $272.3 million securitization, which reduced debt and released cash for new loan purchases.
Key Highlights
- Q1 2026 GAAP net loss was $(7.4) million, or $(0.30) per diluted share.
- Net interest income increased 20.1% to $12.1 million compared to Q1 2025.
- GAAP book value was $10.31 per share, a 4.0% decrease from year-end 2025.
- Economic book value was $12.28 per share, a 3.3% decrease from year-end 2025.
- Distributable Earnings reached $4.6 million, or $0.18 per diluted share.
- A dividend of $0.32 per share of common stock was declared.
- Executed a $272.3 million securitization in March 2026, reducing debt by $234.1 million.
- Purchased $246.2 million of newly-originated non-QM residential mortgage loans with a 7.34% WAC.