Earnings Call Summary | Angel Oak Mortgage REIT(AOMR.US) Q2 2024 Earnings Conference
Earnings Call Summary | Angel Oak Mortgage REIT(AOMR.US) Q2 2024 Earnings Conference
The following is a summary of the Angel Oak Mortgage REIT, Inc. (AOMR) Q2 2024 Earnings Call Transcript:
以下是Angel Oak Mortgage REIt, Inc.(AOMR)2024年第二季度業績會議通話記錄摘要:
Financial Performance:
金融業績:
AOMR reported a GAAP net loss of $0.3 million, or a loss of $0.01 per common share, with distributable earnings results showing a loss of $2.3 million or $0.09 per common share.
The company recorded an increase in interest income to $25.9 million, with net interest income rising to $9.5 million, a nearly 50% improvement over Q2 2023.
Operating expenses decreased by $400,000 compared to the previous quarter and by $900,000 compared to Q2 2023.
GAAP book value per share decreased by 3% to $10.23, while economic book value per share decreased by 4.5% to $13.16.
AOMR報告了淨虧損30萬美元,或每股普通股損失0.01美元的GAAP淨虧損,分配盈利結果顯示分配每股普通股虧損爲230萬美元或0.09美元。
公司記錄的利息收入增加到2590萬美元,淨利息收入上升至950萬美元,比2023年第二季度增長近50%。
營業費用相較上一季度減少了40萬美元,並且相較於2023年第二季度減少了90萬美元。
GAAP每股淨值下降了3%至10.23美元,而經濟淨值每股下降了4.5%至13.16美元。
Business Progress:
業務進展:
AOMR led a securitization labeled AOMT2024-4, a $300 million deal, and participated in another deal alongside other Angel Oak strategies.
The company successfully maintained an average of one securitization per quarter, aligning with its strategic plan.
Angel Oak leveraged its ecosystem to support its market-leading origination and securitization platforms, enhancing its competitive positioning in the market.
The company issued $50 million in senior unsecured notes, with the proceeds intended to fund further growth and acquisitions of high-quality loans.
AOMR帶領一項標記爲AOMT2024-4的證券化交易,規模達30000萬美元,並與其他Angel Oak策略一起參與了另一項交易。
該公司成功地每個季度平均保持了一次證券化交易,符合其戰略計劃。
Angel Oak利用其生態系統支持其市場領先的原始債務發行和證券化平台,增強了其在市場上的競爭地位。
公司發行了5000萬美元的高級無抵押票據,擬用於資助進一步增長和收購高質量貸款。
Opportunities:
機會:
AOMR plans to leverage the proceeds from recent senior unsecured notes issuance to continue purchasing high-quality, newly originated loans, anticipating accretive loan purchases contributing to sustained net interest income growth.
AOMR計劃利用最近發行的高級無抵押票據的收益來繼續購買高質量新貸款,預計優質貸款的購買將有助於持續淨利息收入增長。
Risks:
風險:
The company acknowledges potential economic downturns and increased credit risk, although it believes its strong credit risk management through its association with Angel Oak ecosystem provides a competitive edge.
公司認識到潛在的經濟衰退和增加的信用風險,儘管它認爲通過其與Angel Oak生態系統的合作實現了強大的信用風險管理,從而提供了競爭優勢。
More details: Angel Oak Mortgage REIT IR
更多細節:Angel Oak Mortgage REIt IR
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譯文內容由第三人軟體翻譯。