Published on 15 Feb 2024 on GuruFocus.com via Yahoo Finance

ARMOUR Residential REIT Inc. Reports Solid Q4 Earnings with Increased Book Value Per Share

Net Income: $96.6 million or $1.96 per common share.Net Interest Income: $5.8 million.Distributable Earnings: $52.4 million, equating to $1.07 per common share.Book Value: Increased to $22.54 per common share as of December 31, 2023.Liquidity: $657.0 million, including cash and unencumbered securities.Debt to Equity Ratio: 7.6 to 1, with implied leverage including TBA Securities at 8.0 to 1.Dividends: Paid common stock dividends of $0.40 per share per month in Q4, adjusted to $0.24 per share per month for Q1 2024.

Warning! GuruFocus has detected 2 Warning Sign with ARR.

On February 14, 2024, ARMOUR Residential REIT Inc (NYSE:ARR) released its 8-K filing, announcing preliminary unaudited results for the fourth quarter of 2023. ARMOUR, a real estate investment trust specializing in residential mortgage-backed securities (RMBS), reported a net income attributable to common stockholders of $96.6 million, or $1.96 per common share, and a net interest income of $5.8 million for Q4 2023. The company's distributable earnings available to common stockholders stood at $52.4 million, representing $1.07 per common share.