Armour Residential Reit, Inc. (ARR) 10-K Annual Report February 2015

VERO BEACH, Fla. - February 24, 2015 -- ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA, and ARR PrB) (“ARMOUR” or the “Company”) today announced financial results for the quarter ended December 31, 2014.

Q4 2014 Highlights and Financial Information


•	Core Income and estimated taxable Real Estate Investment Trust ("REIT") income of approximately $41.1 million or $0.10 per Common share, which represents a 8.96% return on stockholders' equity at the beginning of the quarter


•	Q4 2014 Generally Accepted Accounting Principles ("GAAP") net loss of approximately $(143.2) million or $(0.41) per Common share


•	Stockholders’ equity as of December 31, 2014 was approximately $1.75 billion or $4.39 per Common share


•	December 31, 2014 ratios of debt to stockholders’ equity (“leverage”) and interest rate hedges were 7.94 to 1 and 93.9%, respectively


•	Liquidity as of December 31, 2014, consisting of cash and unpledged securities, of approximately $1.0 billion


•	Q4 2014 average yield on assets of 2.71% and average net interest margin of 1.27%


•	Q4 2014 annualized average principal repayment rate (CPR) of 6.45%


•	Stock outstanding as of December 31, 2014:

Common - 353,158,749 shares

Series A Cumulative Redeemable Preferred - 2,180,572 shares

Series B Cumulative Redeemable Preferred - 5,650,000 shares


•	Q4 2014 weighted average diluted Common shares were 357,134,281


•	Additional updated information on the Company’s investment, financing and hedge positions can be found in ARMOUR Residential REIT, Inc.'s most recent “Company Update.” ARMOUR posts unaudited and unreviewed Company Updates each month on www.armourreit.com

Q4 2014 Results

Core Income and Estimated Taxable REIT Income

Core Income for the quarter ended December 31, 2014, was approximately $41.1 million. “Core Income” represents a non-GAAP measure and is defined as net income excluding impairment losses, gains or losses on sales of securities and early termination of derivatives, unrealized gains or losses on derivatives and U.S. Treasury Securities and certain non-recurring expenses. Core Income may differ from GAAP net income, which includes the unrealized gains or losses of the Company’s derivative instruments and the gains or losses on Agency Securities and U.S. Treasury Securities.

Estimated taxable REIT income for the quarter ended December 31, 2014, was approximately $41.1 million. The Company distributes dividends based on its estimate of taxable earnings, not based on net income

- MORE -

The following information was filed by Armour Residential Reit, Inc. (ARR) on Tuesday, February 24, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1428205/000142820515000051/arr-12312014x10k.htm

View differences made from one year to another to evaluate Armour Residential Reit, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Armour Residential Reit, Inc..

Continue

Assess how Armour Residential Reit, Inc.'s management team is paid from their Annual Proxy

Armour Residential Reit, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2015 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Armour Residential Reit, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.4: Material Contract

Exhibit 10.6: Material Contract

Exhibit 12.1: Statement Regarding Calculation Of Ratios

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.3: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Exhibit 32.3: Section 1350 Certification

Ticker: ARR
CIK: 1428205
Form Type: 10-K Annual Report
Accession Number: 0001428205-15-000051
Submitted to the SEC: Tue Feb 24 2015 4:33:34 PM EST
Accepted by the SEC: Tue Feb 24 2015
Period: Wednesday, December 31, 2014
Industry: Real Estate Investment Trusts

External Resources:
Stock Quote
Social Media
SEC.gov

Bookmark the Permalink:
https://last10k.com/sec-filings/arr/0001428205-15-000051.htm

Armour Residential Reit, Inc. (ARR) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

SEC Filings

ARR Valuations

ARR Annual Reports

ARR Quarterly Reports

ARR Corporate News