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ARMOUR's book value per common share was $11.11 per share.
ARMOUR's liquidity, including cash and unencumbered securities, was $540 million.
ARMOUR's portfolio composition was 99% Agency MBS, including To Be Announced ("TBA") Securities.
ARMOUR's stockholders' equity totaled $851 million, including the 7.00% Cumulative Redeemable Preferred C Stock ("Series C Preferred") with liquidation preference totaling $133 million. Common stock outstanding totaled 64,689,664 shares.
ARMOUR's debt to equity ratio was 5.0 to 1 (based on repurchase agreements divided by stockholders’ equity). Leverage, including TBA Securities, was approximately 7.3 to 1.
ARMOUR Comprehensive Income of $23.4 million represents $0.33 per common share.
ARMOUR Core Income of $14.8 million represents $0.19 per common share.
ARMOUR resumed monthly common stock dividends with a $0.09 per share dividend paid on June 29, 2020.
ARMOUR announced common stock dividend guidance on June 22, 2020 of $0.10 per share on a monthly basis and confirmed on July 1, 2020 a $0.10 dividend for July, payable July 30, 2020 to holders of record on July 15, 2020.
ARMOUR acquired $2.4 billion of Agency MBS and $650 million of TBA Securities during Q2.
Second Quarter 2020 Total
Stockholders' Equity - Beginning
Comprehensive Income (1)
Gain on MBS including TBA Securities
Loss on interest rate swaps
Net Interest Income
Operating Expenses, net of Fee Waiver (2)
Total Comprehensive Income
Issuance of Common Stock
Dividends and Other
Stockholders' Equity - Ending
The following information was filed by Armour Residential Reit, Inc. (ARR) on Wednesday, July 22, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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