ARMOUR Residential REIT (ARR) Tops Q4 EPS by 2c

ARMOUR Residential REIT (NYSE: ARR) reported Q4 EPS of $0.64, $0.02 better than the analyst estimate of $0.62. Revenue for the quarter came in at $32.3 million versus the consensus estimate of $36 million.

• $(212.0) million ($(5.07) per Common share) net loss under Generally Accepted Accounting Principles (“GAAP”) based on 42,656,594 weighted average diluted Common shares outstanding
• $32.2 million ($0.64 per Common share) Core Income including “Drop Income” (as defined below), which represents an annualized return of 10.6% based on stockholders’ equity at the beginning of the quarter
• $0.57 per share Common dividends for Q4 at the rate of $0.19 per month
• Core Income exceeded dividends paid for the tenth straight quarter
• 3.6% average yield on assets and 1.7% average net interest margin
• 4.7% annualized average principal repayment rate (“CPR”)
• (8.8)% total economic return, representing dividends plus change in stockholders' equity per Common share
• (6.1)% total shareholder return, representing dividends plus change in New York Stock Exchange (NYSE) price per Common share

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

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