Angel Oak Mortgage REIT Inc.

Earnings backed by increased investment in Non-QM residential mortgage loans

But, net interest income is up ‘consistently throughout the year,’ company’s CEO says

The Non-QM originator, aggregator, and investment trust purchased nearly $265 million of newly-originated Non-QM residential loans in the third quarter.

Latest earnings represent a 47% increase YOY

Despite missing non-GAAP EPS forecasts, Angel Oak grows loan portfolio, enhances liquidity, and optimizes operations.

Despite a divergence in net income and distributable earnings, Angel Oak REIT declares a stable dividend and touts a solid increase in net interest margin.