ARMOUR Q4 net income $96.6M, book value $22.54; dividend cut to $0.24/month

Armour Residential REIT, Inc.

2023-FY EPS reported -$1.86

Net income attributable to common: $96.6M ($1.96 diluted EPS); vs Q3 loss of $182.2M (-$3.92 EPS).
Distributable earnings available to common $52.4M ($1.07 per share).
Book value per share rose to $22.54 from $21.73 at Sept 30; est. $21.81 as of Feb 12, 2024.
Liquidity $657M; debt/equity 7.6x; interest rate swaps cover 68% of repo notional ($6.8B).
Dividend cut to $0.24/month in Q1 2024 from $0.40/month in Q4 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Armour Residential REIT, Inc. reported fourth quarter 2023 results: net income $96.6 million or $1.96 per common share.

Period: fourth quarter 2023
Net income: $96.6 million or $1.96 per common share
Result: preliminary results

Exact text from the filing

ARMOUR Residential REIT, Inc. (the “Company”) issued a press release announcing its preliminary unaudited Q4 results and December 31, 2023 financial position.

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Armour Residential REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001428205-24-000016

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