Angel Oak Mortgage REIT, Inc.AOMR
What Angel Oak Mortgage REIT, Inc. does.
Angel Oak Mortgage REIT, Inc. is a real estate finance company focused on acquiring and investing in first and second lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Our strategy is to make credit-sensitive investments primarily in newly-originated non-QM loans and other mortgage assets that are primarily made to higher-quality borrowers and sourced from the proprietary mortgage lending platform of our affiliate, Angel Oak Mortgage Lending, and other originators through our relationship with Angel Oak Capital. We may also invest in other residential mortgage loans, RMBS, and other mortgage‑related assets as defined in target assets below. Our objective is to generate attractive risk‑adjusted returns for our stockholders, through cash distributions and capital appreciation, across interest rate and credit cycles.
We are a Maryland corporation and commenced operations in September 2018. On June 21, 2021, we completed an initial public offering (“IPO”) of our common stock on the New York Stock Exchange (“NYSE”). We are externally managed and advised by our Manager pursuant to the Management Agreement (as defined below).
We have elected to be taxed as a REIT for U.S. federal income tax purposes commencing with our taxable year ended December 31, 2019. Commencing with our taxable year ended December 31, 2019, we believe that we have been organized and operated, and we intend to continue to operate in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code of 1986 (the “Code”). Our qualification as a REIT, and maintenance of such qualification, depends on our ability to meet, on a continuing basis, various complex requirements under the Code relating to, among other things, the sources of our gross income, the composition and values of our assets, our distribution levels and the concentration of ownership of our stock. We also intend to operate our business in a manner that will allow us to maintain our exclusion from regulation as an investment company under the Investment Company Act.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $10.4M | $41.8M | — | — | — | — |
| Net income | $736,000 | $21.1M | -$187.8M | $33.7M | $28.8M | $44.0M |
More on AOMR.
- Angel Oak Mortgage REIT, Inc. summary
- Angel Oak Mortgage REIT, Inc. financial statements
- Angel Oak Mortgage REIT, Inc. key metrics
- Angel Oak Mortgage REIT, Inc. health scores and style box
- Angel Oak Mortgage REIT, Inc. earnings
- Angel Oak Mortgage REIT, Inc. dividends
- Angel Oak Mortgage REIT, Inc. valuation
- Angel Oak Mortgage REIT, Inc. ownership and insiders
- Angel Oak Mortgage REIT, Inc. peers
Figures from Angel Oak Mortgage REIT, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.