ARMOUR Residential REIT (ARR) Tops Q3 EPS by 4c

ARMOUR Residential REIT (NYSE: ARR) reported Q3 EPS of $0.64, $0.04 better than the analyst estimate of $0.60.

• $47.7 million ($1.02 per Common share) net income under Generally Accepted Accounting Principles (“GAAP”) based on 42,435,624 weighted average diluted Common shares outstanding
• $31.2 million ($0.64 per Common share) Core Income including “Drop Income” (as defined below), which represents an annualized return of 10.3% based on stockholders’ equity at the beginning of the quarter
• $0.57 per share Common dividends for Q3 at the rate of $0.19 per month
• Core Income exceeded dividends paid for the ninth straight quarter
• 3.5% average yield on assets and 1.6% average net interest margin
• 6.1% annualized average principal repayment rate (“CPR”)
• 1.6% total economic return, representing dividends plus change in stockholders' equity per Common share
• 0.9% total shareholder return, representing dividends plus change in New York Stock Exchange price per Common share

For earnings history and earnings-related data on ARMOUR Residential REIT (ARR) click here.

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