ARMOUR Residential REIT (ARR) Tops Q4 EPS by 1c

ARMOUR Residential REIT (NYSE: ARR) reported Q4 EPS of $0.55, $0.01 better than the analyst estimate of $0.54.

• $58.5 million ($0.93 per Common share) total comprehensive income, based on 59,149,422 weighted average diluted Common shares outstanding, comprised of:• $108.7 million ($1.78 per Common share) net income under Generally Accepted Accounting Principles (“GAAP”)• $(50.2) million ($(0.85) per Common share mark-to-market) loss on available for sale Agency Securities recognized through other comprehensive income (loss) ("OCI")
• $36.5 million ($0.55 per Common share) Core Income including “Drop Income” (as defined below), which represents an annualized return of 10.5% based on stockholders’ equity at the beginning of the quarter
• $20.84 stockholders’ equity per Common share, an increase of 2.0% from September 30, 2019
• $0.51 per Common share dividends for Q4 at the rate of $0.17 per month
• Core Income exceeded dividends paid for the fourteenth straight quarter
• 45,000 Common shares repurchased; current remaining repurchase authorization of 8,250,000 shares
• 3.6% average yield on assets and 1.5% average net interest margin
• 17.1% annualized average principal repayment rate (“CPR”)
• 4.5% total economic return for the quarter, representing dividends plus change in stockholders' equity per Common share
• 9.7% total shareholder return for the quarter, 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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