ARMOUR Residential REIT, Inc. (ARR) Bundle
An Overview of ARMOUR Residential REIT, Inc. (ARR)
General Summary of ARMOUR Residential REIT, Inc. (ARR)
ARMOUR Residential REIT, Inc. (ARR) is a real estate investment trust that focuses on investing in residential mortgage-backed securities (RMBS). The company operates in the residential mortgage market, specifically targeting agency mortgage-backed securities.
Company Products and Services
ARR's primary services include:
- Investment in agency residential mortgage-backed securities
- Agency adjustable-rate mortgage (ARM) securities
- Agency fixed-rate securities
Financial Performance in Latest Reporting Period
| Financial Metric | Value (2023) |
|---|---|
| Total Assets | $4.06 billion |
| Net Interest Income | $139.4 million |
| Book Value per Share | $6.85 |
| Dividend Yield | 13.52% |
Market Position and Industry Leadership
Key Competitive Advantages:
- Specialized focus on agency mortgage-backed securities
- Experienced management team
- Diversified investment portfolio
Investment Strategy
| Investment Category | Percentage of Portfolio |
|---|---|
| Agency Fixed-Rate Securities | 68% |
| Agency ARM Securities | 32% |
ARMOUR Residential REIT, Inc. continues to maintain a strategic approach in the residential mortgage-backed securities market, leveraging its expertise in agency securities investment.
Mission Statement of ARMOUR Residential REIT, Inc. (ARR)
Mission Statement Overview of ARMOUR Residential REIT, Inc. (ARR)
ARMOUR Residential REIT, Inc. (ARR) maintains a mission statement focused on mortgage investment and strategic financial management.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Investment Strategy | Residential mortgage-backed securities | $1.24 billion total investment portfolio |
| Risk Management | Agency and non-agency mortgage investments | 82.4% agency securities allocation |
| Shareholder Value | Consistent dividend distribution | $0.10 per share quarterly dividend |
Strategic Investment Objectives
- Generate consistent income through mortgage-backed securities
- Maintain diversified investment portfolio
- Optimize risk-adjusted returns
Financial Performance Indicators
2024 Financial Snapshot:
- Total Assets: $1.68 billion
- Net Interest Income: $47.3 million
- Return on Equity: 7.2%
- Leverage Ratio: 6.5x
Investment Portfolio Composition
| Security Type | Percentage | Market Value |
|---|---|---|
| Agency Fixed-Rate MBS | 68.5% | $815.6 million |
| Agency Adjustable-Rate MBS | 13.9% | $165.3 million |
| Non-Agency MBS | 17.6% | $209.1 million |
Vision Statement of ARMOUR Residential REIT, Inc. (ARR)
Vision Statement Overview for ARMOUR Residential REIT, Inc. (ARR)
Strategic Investment FocusARMOUR Residential REIT, Inc. targets residential mortgage-backed securities (RMBS) with primary concentration on:
- Agency residential mortgage-backed securities
- Non-agency residential mortgage-backed securities
- Residential mortgage pass-through securities
Investment Portfolio Composition
| Asset Category | Percentage Allocation | Total Value |
|---|---|---|
| Agency RMBS | 87.6% | $4.23 billion |
| Non-Agency RMBS | 12.4% | $601 million |
Risk Management Strategy
Hedging approach involves:
- Interest rate swap contracts
- To-be-announced (TBA) securities
- U.S. Treasury futures
Financial Performance Metrics
| Metric | 2024 Value |
|---|---|
| Dividend Yield | 14.62% |
| Market Capitalization | $1.08 billion |
| Net Interest Income | $156.4 million |
Core Values of ARMOUR Residential REIT, Inc. (ARR)
Core Values of ARMOUR Residential REIT, Inc. (ARR) in 2024
Financial Integrity and TransparencyAs of Q4 2023, ARMOUR Residential REIT reported:
| Total Assets | $1.53 billion |
| Net Interest Income | $34.2 million |
| Book Value per Share | $6.89 |
Key investment portfolio characteristics:
- Agency Mortgage-Backed Securities: 98.4% of portfolio
- Fixed-Rate Securities: 72.6% of total investments
- Adjustable-Rate Securities: 27.4% of total investments
Risk management metrics for 2024:
| Interest Rate Hedge Ratio | 62.3% |
| Debt-to-Equity Ratio | 4.85:1 |
| Average Cost of Borrowing | 3.75% |
Dividend performance indicators:
- Quarterly Dividend: $0.10 per share
- Dividend Yield: 14.2%
- Dividend Coverage Ratio: 1.15x
Operational performance metrics:
| Operating Expenses Ratio | 0.85% |
| Return on Equity | 8.6% |
| Net Interest Margin | 2.25% |
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