ARMOUR Residential REIT (ARR) Tops Q3 EPS by 2c

ARMOUR Residential REIT (NYSE: ARR) reported Q3 EPS of $0.35, $0.02 better than the analyst estimate of $0.33.

September 30, 2020 Financial Position

• ARMOUR's stockholders' equity totaled $892 million, including:
  • Common stock outstanding of 64,730,155 shares, and
  • 7.00% Cumulative Redeemable Preferred C Stock ("Series C Preferred Stock") with liquidation preference totaling $133 million.
• ARMOUR's book value per common share was $11.74 per share.
• ARMOUR's liquidity, including cash and unencumbered securities, was $571 million.
• ARMOUR's portfolio composition was 100% Agency MBS, including To Be Announced ("TBA") Securities.
• ARMOUR's debt to equity ratio was 5.1 to 1 (based on repurchase agreements divided by stockholders’ equity). Leverage, including TBA Securities, was approximately 7.3 to 1.

Q3 2020 Highlights

• ARMOUR Comprehensive Income of $61.9 million represents $0.91 per common share.
• ARMOUR Core Income of $25.4 million represents $0.35 per common share.
• ARMOUR paid common stock dividends of $0.10 per share per month.

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

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