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Armour Residential Reit Inc   (ARRPRC)
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Price: $0.0000 $0.00 %
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 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 47
 Employees 6
 Revenues (TTM) (Millions $) 372
 Net Income (TTM) (Millions $) -128
 Cash Flow (TTM) (Millions $) -161
 Capital Exp. (TTM) (Millions $) 0

Armour Residential Reit Inc
Armour Residential REIT Inc is a publicly traded real estate investment trust (REIT) that operates in the residential mortgage-backed securities (MBS) market. Founded in 2008, Armour Residential REIT is headquartered in Vero Beach, Florida and has a market capitalization of approximately $777 million.

The company's primary focus is on investing in residential MBS, which are pools of residential mortgages that are packaged into securities and sold to investors. These securities have different levels of risk and return depending on the underlying mortgages and their borrowers. Armour Residential REIT primarily invests in agency MBS, which are issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac, and Ginnie Mae. These investments are considered to be relatively low-risk due to the government backing.

Armour Residential REIT is managed by Armour Capital Management LP, which is a subsidiary of the company. The CEO of Armour Residential is Jeffrey Zimmer, who has over 35 years of experience in the mortgage market.

The company's investment strategy is to generate income through the collection of interest on its MBS portfolio. The portfolio is actively managed to minimize interest rate risk and to take advantage of changing market conditions. Armour Residential REIT uses leverage, or borrowed money, to increase its investment returns, which can also increase its risk.

Armour Residential REIT's shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol "ARR". The company pays a quarterly dividend to its shareholders, with a current yield of approximately 10%. As of December 31, 2020, Armour Residential REIT held $10.7 billion in agency MBS, with an average yield on its portfolio of09%.

In summary, Armour Residential REIT Inc is a specialized REIT that operates in the residential MBS market, with a focus on agency MBS. The company's goal is to generate income for its shareholders through interest income on its portfolio, while actively managing risk through leverage and portfolio management. The company is led by experienced management and is publicly traded on the NYSE.


   Company Address: 3001 Ocean Drive, Suite 201 Vero Beach 32963 FL
   Company Phone Number: 617-4340   Stock Exchange / Ticker: NYSE ARRPRC
   


   

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Armour Residential Reit Inc

Armour Residential Reit Reports Surprising Drop in Revenue: What Led to the Drastic Decline in Q3 2023?



In a surprising turn of events, Armour Residential REIT Inc, a prominent player in the Real Estate Investment Trusts industry, reported a significant drop in revenue for the three months ending September 30, 2023. While the broader industry saw a revenue gain during the same period, Armour Residential REIT struggled to meet market expectations due to weak demand, resulting in substantial losses. Let us delve deeper into the financial results and contextualize the impact on the company.
Revenue Decline and Net Deficit
Armour Residential REIT's revenue plummeted by a staggering 26.293% to $294.74 million for the July to September 2023 quarter, compared to $399.88 million in the previous year. The disappointing drop in top-line figures is in stark contrast to the rest of the Real Estate Investment Trusts industry, which experienced revenue growth.

Armour Residential Reit Inc

Q2 2023 Sees Armour Residential Reit Inc Recovering Profitability Despite Suffering a Significant Revenue Plunge

Armour Residential REIT Inc., a real estate investment trust, experienced a significant turnaround in profitability during the fiscal period from April to June 2023. The company reported an income per share of $0.20, compared to a loss of $0.72 per share in the same period last year. Additionally, the earnings per share improved from a loss of $0.19 in the previous quarter.
While revenue dropped sharply by 61.975% to $199.95 million from $525.84 million in the same quarter a year ago, it turned positive compared to a negative revenue of $122.41 million in the preceding quarter. Despite the decrease in revenue, Armour Residential REIT Inc. has managed to improve its profitability.






 

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