Financial Performance - Net interest income for the year ended December 31, 2024, was $26,800,000, a decrease from $27,109,000 in 2023[312] - Total other income for 2024 was $12,456,000, compared to a loss of $51,481,000 in 2023[312] - The net loss for the year ended December 31, 2024, was $14,394,000, significantly improved from a net loss of $67,923,000 in 2023[312] - The company reported a comprehensive loss of $14,394,000 for 2024, compared to a comprehensive loss of $56,396,000 in 2023[312] - Total expenses after fees waived increased to $53,650,000 in 2024 from $43,551,000 in 2023[312] - The company reported a net loss per share related to common stockholders of $(0.51) in 2024, an improvement from $(1.86) in 2023[463] - The total comprehensive loss for 2024 was $14,394 thousand, a decrease from $67,923 thousand in 2023 and $348,430 thousand in 2022[469] Income and Expenses - Total interest income for 2024 was $550,946, slightly down from $552,903 in 2023, with an average yield of 4.90%[316] - Total interest expense decreased to $524,146 in 2024 from $525,794 in 2023, resulting in a net interest spread of (0.43)%[316] - Management fees increased to $39,734 in 2024 from $38,188 in 2023, while total expenses rose to $60,250 from $50,151[326] - The effective management fee rate was 0.92% for 2024, down from 0.93% in 2023, after waiving management fees of $6,600 in both years[329] - Total management fee expense for 2024 was $33.126 million, up 5.1% from $31.521 million in 2023[384] Investments and Securities - ARMOUR's investments primarily consist of Agency Securities, which are subject to risks from prepayments and changing mortgage spreads[291][287] - The company purchased $7,271,101 in trading securities during the year ending December 31, 2024, while proceeds from sales were $4,589,515[351] - Total investments in securities as of December 31, 2024, amounted to $12,957,039, with an amortized cost of $12,806,504 and an unrealized loss of $367,090[343] - The company reported a realized loss on Agency Securities trading of $(348,646) for 2024, compared to a loss of $(52,665) in 2023[322] - The company experienced a gain of $37,602 from trading securities during the year ending December 31, 2024[351] Liquidity and Capital Resources - The company had liquidity totaling $608,026 as of December 31, 2024, consisting of $67,970 in cash and cash equivalents and $540,056 in unencumbered Agency Securities and U.S. government securities[370] - The company has sufficient liquidity and capital resources for acquiring additional investments and meeting financing obligations[387] - The company recognized net gains related to derivatives of $323,500 for the year ended December 31, 2024, compared to $51,748 for the year ended December 31, 2023[362] Market and Interest Rate Risks - Interest rate risk is the primary market risk for ARMOUR, affecting net interest income and the value of mortgage-backed securities (MBS)[416] - Changes in interest rates could lead to a mismatch between the interest rates on mortgage assets and funding sources, impacting net interest income and dividend yield[418] - As of December 31, 2024, a 1.00% increase in interest rates is projected to decrease net interest income by 4.92%, portfolio value by 0.98%, and stockholders' equity by 9.16%[425] - The primary liquidity risk arises from financing long-maturity MBS with short-term debt, which may lead to increased borrowing costs in a rising interest rate environment[433] Company Structure and Compliance - ARMOUR is organized as a real estate investment trust (REIT) and aims to meet the requirements for qualification under the Internal Revenue Code[475] - The company primarily invests in mortgage-backed securities (MBS) issued or guaranteed by U.S. Government-sponsored entities[476] - The company maintains effective internal control over financial reporting as of December 31, 2024, based on PCAOB standards[452] Shareholder Information - Dividends declared per common share decreased to $2.88 in 2024 from $5.00 in 2023, a reduction of 42.4%[463] - The total common stock increased to 62,412 thousand shares by December 31, 2024, up from 48,799 thousand shares in 2023 and 32,582 thousand shares in 2022[466]

ARMOUR RESIDENTIAL REIT, INC. ANNOUNCES Q4 RESULTS AND DECEMBER 31, 2024 FINANCIAL POSITION VERO BEACH, Florida -- February 12, 2025 -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) ("ARMOUR" or the "Company") today announced the Company's unaudited Q4 results and December 31, 2024 financial position. ARMOUR's Q4 2024 Results ARMOUR's December 31, 2024 Financial Position - MORE - ◦ GAAP net loss related to common stockholders of $(49.4) million or $(0.83) per common share. ◦ Net interest income of $ ...

VERO BEACH, Florida, Feb. 12, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company's unaudited Q4 results and December 31, 2024 financial position. ARMOUR's Q4 2024 Results GAAP net loss related to common stockholders of $(49.4) million or $(0.83) per common share.Net interest income of $12.7 million.Distributable Earnings available to common stockholders of $46.5 million, which represents $0.78 per common share (see explanati ...

VERO BEACH, Florida, Feb. 11, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the March 2025 cash dividend for the Company's Common Stock. March 2025 Common Stock Dividend Information Month Dividend Holder of Record Date Payment DateMarch 2025 $0.24 March 17, 2025 March 27, 2025 Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In order to mainta ...

VERO BEACH, Florida, Feb. 11, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) announced today that it will provide an online, real‑time webcast of its conference call with equity analysts covering fourth quarter 2024 operating results on Thursday, February 13, 2025. The Company will issue its fourth quarter 2024 earnings release after the close of trading on Wednesday, February 12, 2025. The live broadcast will be available on February 13, 2025, beg ...

VERO BEACH, Florida, Jan. 30, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the February 2025 cash dividend for the Company's Common Stock. February 2025 Common Stock Dividend Information Month Dividend Holder of Record Date Payment DateFebruary 2025 $0.24 February 14, 2025 February 27, 2025 Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In ...

Record $19.5M ARR and strong order growth cement Corero's leadership in SaaS-driven DDoS protectionMARLBOROUGH, Mass., Jan. 7, 2025 /PRNewswire/ -- Corero Network Security  (AIM: CNS) (OTCQX: DDOSF), the DDoS protection specialists, today announced a strong trading update for the year ended December 31, 2024. The Company continued to execute its growth strategy, delivering impressive financial results and advancing its transition to a SaaS-based revenue model, positioning it for sustained growth in 2025 and ...

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VERO BEACH, Florida, Jan. 02, 2025 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today confirmed the January 2025 cash dividend for the Company's Common Stock, consistent with the previous guidance which the Company released on December 26, 2024. The Company also confirmed the Q1 2025 monthly cash dividend rate for the Company's Series C Preferred Stock. January 2025 Common Stock Dividend Information Month Dividend Holder of Record Date Payment DateJan ...

Mortgage rates have resumed their climb after declining a bit since the announcement of rate cuts. As of Dec. 29, the 30-year fixed mortgage rate is 6.99%, increasing slightly from last week. The Fed's decision to lower interest rates has not translated into immediate reductions in mortgage rates. In fact, mortgage rates in the United States have started to shift upward again.This upward trend in rates can be linked to long-term bond yields and renewed investor interest. Specifically, the 10-year Treasury i ...