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Angel Oak Mortgage REIT (Angel Oak Mortgage REIT) Effective Interest Rate on Debt % : 4.60% (As of Mar. 2024)


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What is Angel Oak Mortgage REIT Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Angel Oak Mortgage REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $66.53 Mil. Angel Oak Mortgage REIT's average total debt for the quarter that ended in Mar. 2024 was $1,445.20 Mil. Therefore, Angel Oak Mortgage REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.60%.

Angel Oak Mortgage REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Angel Oak Mortgage REIT's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Angel Oak Mortgage REIT Effective Interest Rate on Debt % Chart

Angel Oak Mortgage REIT Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
5.74 6.81 1.48 4.05 4.32

Angel Oak Mortgage REIT Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.38 4.78 4.70 4.63 4.60

Competitive Comparison of Angel Oak Mortgage REIT's Effective Interest Rate on Debt %

For the REIT - Mortgage subindustry, Angel Oak Mortgage REIT's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Angel Oak Mortgage REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Angel Oak Mortgage REIT's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Angel Oak Mortgage REIT's Effective Interest Rate on Debt % falls into.


Angel Oak Mortgage REIT Effective Interest Rate on Debt % Calculation

Angel Oak Mortgage REIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -67.052/( (1643.355+1459.764)/ 2 )
=-1  *  -67.052/1551.5595
=4.32 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1643.355 + 0
=1643.355

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1459.764 + 0
=1459.764

Angel Oak Mortgage REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -66.532/( (1459.764+1430.643)/ 2 )
=-1  *  -66.532/1445.2035
=4.60 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1459.764 + 0
=1459.764

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1430.643 + 0
=1430.643

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Angel Oak Mortgage REIT  (NYSE:AOMR) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Angel Oak Mortgage REIT Effective Interest Rate on Debt % Related Terms

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Angel Oak Mortgage REIT (Angel Oak Mortgage REIT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Angel Oak Mortgage REIT Inc (NYSE:AOMR) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
57V:Germany
Address
3344 Peachtree Road Northeast, Suite 1725, Atlanta, GA, USA, 30326
Website
https://www.angeloakms.com
Angel Oak Mortgage REIT Inc is a real estate finance company focused on acquiring and investing in the first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Its objective is to generate attractive risk-adjusted returns for its stockholders, through cash distributions and capital appreciation, across interest rates and credit cycles.
Executives
Brandon Filson officer: CFO & Treasurer 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Noelle Savarese director 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Jonathan Morgan director 15 BEACH DRIVE, DARIEN CT 06820
Sreeniwas Prabhu officer: CEO & President ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Davidson Kempner Capital Management Lp 10 percent owner 520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
W D Minami director C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Christine Jurinich director 100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Nancy R Davis director 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Xylem Finance Llc 10 percent owner 520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Nhtv Atlanta Holdings Lp 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Ms Tactical Value Fund Gp Inc. 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Ms Tactical Value Fund Gp Lp 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Project Atlanta Gp Llc 10 percent owner 1585 BROADWAY, NEW YORK NY 10036
Landon Parsons director 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Edward Mclean Cummings director, 10 percent owner 3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326