Angel Oak earns interest from residential mortgage loans and related securities, much of it financed through securitizations. The shareholder income comes from the spread left after funding and credit costs.
Business
Mortgage REIT
Listing
AOMR · XNYS
Reporting period
2026-06-30
Dividend schedule
Quarterly
How the business works
Loan selection, borrower payments, securitization terms and credit losses shape distributable earnings. Mortgage asset sales and valuation marks are separate from recurring interest spread.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Earnings (basis not identified)$0.14
Apr 1, 2026 to Jun 30, 2026
Distributable earnings$0.37
Apr 1, 2026 to Jun 30, 2026
$0.00$0.37
Distribution yield16.20%Sourced distributions divided by dated market priceEarnings yield18.73%Estimated annualized reported earnings divided by dated price; not a forecastAnnualized earnings (estimated)$1.48Distributable earnings per common share (diluted, non-GAAP); 2026-04-01 to 2026-06-30 annualized, not a forecastAnnual dividend$1.28Current regular payment annualized per shareCoverage115.63%Estimated annualized reported earnings divided by regular annualized dividends; not a forecast
Verified dividend dates and payment components
Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.
The assets it owns
$2.992 billion total assetsReported by Angel Oak Mortgage REIT, Inc.
Consolidated balance-sheet assets at 2026-06-30. This is not market capitalisation or the external manager’s assets under management.
Residential whole mortgage loans14.667834%
Mortgage loans in securitization trusts71.292377%
Residential mortgage-backed securities10.298672%
Cash and restricted cash1.74009%
Receivables, derivatives and other assets2.001028%
Nonoverlapping consolidated asset categories at June30,2026 divided by $2,991.512 million total assets. Cash includes restricted cash. Receivables, derivative assets and other assets combined, with no netting of liabilities.
June-quarter distributable earnings were $0.37 per diluted share versus the $0.32 regular common declaration. Reported accounting earnings were $0.14; keep that distinct from the issuer's distributable measure.
Income and capital are exposed to borrower performance, securitization execution and financing costs.
Monitor
A deterioration can reduce future distributions or shareholder capital.
Financing risk
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Monitor
A deterioration can reduce future distributions or shareholder capital.
Distribution risk
The board can change the dividend. A high yield can reflect a falling share price and does not establish earnings coverage.
Monitor
A deterioration can reduce future distributions or shareholder capital.
The assets behind the earnings
How AOMR makes money
Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.
The income-producing business
Mortgage interest and securitization-related returns, less financing and operating costs, support shareholder distributions. Credit losses, realized gains and valuation changes can materially affect reported results.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
At 2026-06-30, Angel Oak Mortgage REIT, Inc. reported $2.992 billion of total assets and $2.757 billion of total liabilities.
Liabilities represented 92.1% of reported assets. This broad balance-sheet measure includes more than borrowing and must not be read as a debt-to-equity ratio. Funding costs and asset losses can both reduce the earnings available to shareholders.
For 2026-04-01 to 2026-06-30, Angel Oak Mortgage REIT, Inc. reported $3.353 million of gaap net income.
Each bar is a separately reported statement measure for the same quarter; the bars are not additive. GAAP net income is not substituted for distributable earnings or funds from operations. A maintained dividend must be assessed against the issuer’s relevant recurring earnings measure and financing requirements.
Second-quarter2026 diluted distributable earnings was $0.37 compared with $0.14 GAAP EPS and the $0.32 regular common dividend.
These are distinct measures. Latest-quarter distributable earnings covered115.63% of the regular declaration; credit losses, funding costs and later results can change that comparison.
Income and capital are exposed to borrower performance, securitization execution and financing costs.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next distributable-earnings result with the dividend, then inspect loan credit and funding costs to see what sustained the margin.
Current evidence and recent developments
Second-quarter2026 GAAP diluted EPS was $0.14 and non-GAAP distributable earnings was $0.37.
The latest declared regular dividend was $0.32 per common share.
Estimated annualized earnings uses second-quarter2026 diluted distributable earnings of $0.37 times four, or $1.48 per share. Against the September18 close of $7.90 and $1.28 annualized regular dividend, estimated earnings yield is18.73% and coverage115.63%. This is not a forecast or assurance of future dividend coverage.
What to watch next
Read distributable earnings and the full regular payment for the same period.
Watch borrower performance and credit marks across the mortgage book.
Follow financing spreads and returns on newly acquired loans.
Fly High context
The June payment had a reported earnings cushion. We like that, and the next question is practical: can the mortgage portfolio keep producing it after credit and funding costs?
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U.S. federal · Tax year 2025
Dividend tax treatment
The issuer annual2025 tax notice allocates $1.28 per share between ordinary income ($0.82888) and return of capital ($0.45112). No qualified dividends or long-term gains are listed.
Ordinary, nonqualified
64.76%
Qualified dividends
0%
Capital-gain distributions
0%
Return of capital
35.24%
Tax year: 2025. Total distributions: $1.28 per share.
Tax details and source
Total ordinary dividends (includes qualified)
64.76%
Section 199A portion (within ordinary dividends)
64.76%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-01-13
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
