earnings
confidence high
sentiment positive
materiality 0.75
ARMOUR Q2 net income $111.5M ($0.86/sh); book value up to $17.53; economic return 4.8%
Armour Residential REIT, Inc.
- GAAP net income to common $111.5M ($0.86/sh); Distributable Earnings $93.2M ($0.72/sh).
- Total economic return 4.8%; book value per share $17.53, up 0.6% from Q1.
- Net interest income $76.8M; economic net interest spread 1.82%.
- Raised $218.7M common equity via ATM; paid $0.72/sh dividends in Q2.
- Portfolio $21.8B (94.5% Agency MBS); implied leverage 7.73x.