REITResearch

Angel Oak Mortgage, Inc. AOMR

Listed / Traded Mortgage NYSE Mgmt:

Angel Oak Mortgage, Inc. (AOMR) operates as a real estate finance firm, primarily acquiring and investing in first-lien non-qualified mortgage (non-QM) loans and various other mortgage-backed assets across the United States. The company holds Real Estate Investment Trust (REIT) status for federal tax purposes. This designation allows it to generally bypass federal corporate income tax, provided it distributes a minimum of 90% of its taxable earnings to its shareholders. Angel Oak Mortgage, Inc. was founded in 2018 and is headquartered in Atlanta, Georgia.

Snapshot

Price
$8.46
Market cap
$210.78M
Enterprise value
$2.59B
Dividend yieldi
15.13%
Annual dividendi
$1.28
Frequency
Quarterly
FFO / sharei
Not reported (common for mortgage REITs)
Distributable EPS / sharei
$0.18 · Q1 2026
Net debt / EBITDAi
65.49x · GAAP est.
Op. cash flow / sharei
$0.76
Price / OCFi
11.07
Payout (% of OCF)i
167.44%
Debt / book capitali
90.40%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / Distributable EPS / leverage are from the Q1 2026 earnings release (filed 2026-05-05) — 8-K, EX-99.1.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-05-222026-05-222026-05-29 2026-05-05$0.32Quarterly
2026-02-202026-02-202026-02-27 2026-02-05$0.32Quarterly
2025-11-182025-11-182025-11-26 2025-11-06$0.32Quarterly
2025-08-222025-08-222025-08-29 2025-08-05$0.32Quarterly
2025-05-222025-05-222025-05-30 2025-05-05$0.32Quarterly
2025-02-212025-02-212025-02-28 2025-02-06$0.32Quarterly
2024-11-192024-11-192024-11-27 2024-11-06$0.32Quarterly
2024-08-222024-08-222024-08-30 2024-08-06$0.32Quarterly
2024-05-212024-05-222024-05-31 2024-05-07$0.32Quarterly
2024-02-212024-02-222024-02-29 2024-02-07$0.32Quarterly
2023-11-212023-11-222023-11-30 2023-11-07$0.32Quarterly
2023-08-212023-08-222023-08-31 2023-08-08$0.32Quarterly
2023-05-192023-05-222023-05-31 2023-05-04$0.32Quarterly
2023-03-212023-03-222023-03-31 2023-03-09$0.32Quarterly
2022-11-212022-11-222022-11-30 2022-11-08$0.32Quarterly
2022-08-192022-08-222022-08-31 2022-08-09$0.45Quarterly
2022-05-202022-05-232022-05-31 2022-05-12$0.45Quarterly
2022-03-212022-03-222022-03-31 2022-03-15$0.45Quarterly
2021-11-192021-11-222021-11-30 2021-11-08$0.36Quarterly
2021-08-202021-08-232021-08-31 2021-08-12$0.12Quarterly

Coverage (payout of operating cash flow): 167.44%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Balance sheet (latest FY: 2025)

Total debt
$2.28B
Cash
$41.62M
Net debt / EBITDAi
65.49x
Debt / book capitali
90.40%
Total assets
$2.75B
Total equity
$267.52M

Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $132.79M $44.02M $4.53M $151.64M $18.59M
2024 $51.46M $28.75M $3.26M $3.26M $-221.43M
2023 $54.86M $33.71M $0.00 $0.00 $306.40M
2022 $-157.95M $-187.83M $0.00 $0.00 $-331.13M
2021 $41.76M $21.11M $0.00 $0.00 $-1.57B
2020 $10.38M $736.00K $0.00 $0.00 $34.41M

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.