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ARMOUR Residential REIT: Q4 Earnings Insights

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Shares of ARMOUR Residential REIT (NYSE:ARR) decreased in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 41.82% year over year to $0.32, which missed the estimate of $0.34.

Revenue of $19,540,000 decreased by 52.41% year over year, which missed the estimate of $21,580,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

View more earnings on ARR

ARMOUR Residential REIT hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $21.15

52-week low: $4.95

Price action over last quarter: Up 22.97%

Company Description

ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, the vast majority of Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all of its revenue as interest income from its investments.

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