ARMOUR Residential REIT, Inc. (N:ARR)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | SUITE 201, 3001 OCEAN DRIVE VERO BEACH FL 32963 |
| Tel: | N/A |
| Website: | https://www.armourreit.com |
| IR: | See website |
| Key People | ||
| Scott J. Ulm Co-Chief Executive Officer, Co-Vice Chairman of the Board and Head of Risk Management | Gordon M. Harper Chief Financial Officer, Controller, Company Secretary | Sergey Losyev Deputy Chief Investment Officer | Desmond E. Macauley Co-Chief Investment Officer |
| Business Overview |
| ARMOUR Residential REIT, Inc. is a real estate investment trust. The Company brings private capital into the mortgage markets to support home ownership for a broad and diverse spectrum of Americans. The Company seeks to create stockholder value through thoughtful investment and risk management of a leveraged and diversified portfolio of mortgage backed securities (MBS). It prioritizes maintaining common share dividends appropriate for the intermediate term rather than focusing on short-term market fluctuations. It invests in MBS, issued or guaranteed by a United States Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or a government agency such as Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities). Its Agency Securities consist of fixed rate loans. The Company is managed by ARMOUR Capital Management LP, an investment advisor. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, ARMOUR Residential REIT, Inc. revenues increased from -$67.1M to $501.4M. Net loss applicable to common stockholders decreased 67% to $79.9M. Revenues reflect Gain on Agency Securities, trading increase of 94% to -$52.7M, Interest Income increase from $228.4M to $552.9M, Realized G/L-Invest Sec AFS/HTM-Busine increase of 82% to -$26.6M. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $10,289M as of Dec 31, 2023 |
| Annual revenue (TTM): | $501.42M as of Dec 31, 2023 |
| EBITDA (TTM): | -$67.92M as of Dec 31, 2023 |
| Net annual income (TTM): | -$79.91M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$95.36M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $9,426M as of Dec 31, 2023 |
| Shares outstanding: | 48,749,890 as of Mar 14, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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