ARR Q3 net loss $182.2M ($3.92/sh); book value drops to $21.73 from $26.90

Armour Residential REIT, Inc.

2023-Q3 EPS reported -$4.30

Net loss attributable to common stockholders of $182.2M, or $3.92 per share; distributable earnings (non-GAAP) $50.2M ($1.08/sh).
Book value per common share fell 19% to $21.73 from $26.90 at June 30, driven by $474.8M loss on MBS.
Debt-to-equity ratio of 9.3:1; implied leverage including TBAs of 8.9:1.
Board authorized repurchase of up to 2.5M common shares effective Oct 30; monthly dividend maintained at $0.40/sh.
Estimated book value as of Oct 24 further declined to ~$17.95/sh; liquidity $354M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Armour Residential REIT, Inc. reported Q3 2023 results: revenue $3.6 million, net income Loss attributable to common stockholders of $(182.2) million or $(3.92) per common share, EPS $(3.92) per common share.

Period: Q3 2023
Revenue: $3.6 million
Net income: Loss attributable to common stockholders of $(182.2) million or $(3.92) per common share
EPS: $(3.92) per common share
Result: reported results

Exact text from the filing

ARMOUR's Q3 2023 Results ◦ Loss attributable to common stockholders of $(182.2) million or $(3.92) per common share. ◦ Net interest income of $3.6 million.

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Armour Residential REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001428205-23-000187

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