ARMOUR Residential REIT (ARR) Reports In-Line Q1 EPS

ARMOUR Residential REIT (NYSE: ARR) reported Q1 EPS of $0.61, in-line with the analyst estimate of $0.61.

• $(114.4) million ($(2.21) per Common share) net loss under Generally Accepted Accounting Principles (“GAAP”) based on 53,629,582 weighted average diluted Common shares outstanding
• $37.0 million ($0.61 per Common share) Core Income including “Drop Income” (as defined below), which represents an annualized return of 13.2% based on stockholders’ equity at the beginning of the quarter
• 16.1 million shares issued through Common share offerings for an increase in equity of $322.0 million
• $0.57 per Common share dividends for Q1 at the rate of $0.19 per month
• Core Income exceeded dividends paid for the eleventh straight quarter
• 3.7% average yield on assets and 1.6% average net interest margin
• 3.9% annualized average principal repayment rate (“CPR”)
• 4.8% total economic return, representing dividends plus change in stockholders' equity per Common share
• (2.0)% 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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