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Angel Oak Mortgage REIT, primarily based in Atlanta, operates inside the actual property sector and makes a speciality of mortgage-related property. The corporate’s inventory is publicly traded on the New York Inventory Trade beneath the ticker image AOMR.
In latest months, the REIT has reported progress in web curiosity earnings and accomplished a number of profitable securitization offers. Angel Oak was concerned in a $300 million securitization deal, filed a $750 million shelf for future capital raises, and issued $50 million in senior unsecured notes.
Learn extra: Angel Oak Mortgage REIT stories quarterly setback
Whereas Angel Oak reported a 4.5% lower in financial ebook worth per share from the earlier quarter, the corporate stays optimistic about future progress, significantly within the non-QM mortgage house. The corporate has declared a $0.32 per share frequent dividend and goals to amass round $1 billion in new loans with contemporary capital raised in July.
In different latest information, Angel Oak Mortgage Options made a number of inside promotions in its senior management crew.
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