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ARMOUR Residential REIT(ARR) - 2024 Q3 - Earnings Call Transcript
2024-10-24 16:00
ARMOUR Residential REIT, Inc. (NYSE:ARR) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Scott Ulm - Chief Executive Officer Gordon Harper - Chief Financial Officer Desmond Macauley - Co-Chief Investment Officer and Head-Risk Management Sergey Losyev - Co-Chief Investment Officer Conference Call Participants Trevor Cranston - Citizens JMP Jason Stewart - Janney Montgomery Scott Matthew Erdner - Jones Trading Christopher Nolan - Ladenburg Thalmann Operator Good day, and ...
Armour Residential REIT (ARR) Beats Q3 Earnings Estimates
ZACKS· 2024-10-23 23:16
Armour Residential REIT (ARR) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.26%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.91 per share when it actually produced earnings of $1.08, delivering a surprise of 18.68%.Over the last fou ...
ARMOUR Residential REIT(ARR) - 2024 Q3 - Quarterly Report
2024-10-23 20:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of Each Class Trading symbols Name of Exchange on which registered Preferred Stock, 7.00% Series C Cumulative Redeemable ARR-PRC New York Stock Exchange Common Stock, $0.001 par value ARR New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...
ARMOUR Residential REIT(ARR) - 2024 Q3 - Quarterly Results
2024-10-23 20:21
ARMOUR RESIDENTIAL REIT, INC. ANNOUNCES Q3 RESULTS AND September 30, 2024 FINANCIAL POSITION VERO BEACH, Florida -- October 23, 2024 -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) ("ARMOUR" or the "Company") today announced the Company's unaudited Q3 results and September 30, 2024 financial position. ARMOUR's Q3 2024 Results ◦ GAAP net income available to common stockholders of $62.9 million or $1.21 per common share. ◦ Net interest income of $1.8 million. ◦ Distributable Earnings available to com ...
ARMOUR Residential REIT, Inc. Announces Q3 Results and September 30, 2024 Financial Position
GlobeNewswire News Room· 2024-10-23 20:15
VERO BEACH, Florida, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company's unaudited Q3 results and September 30, 2024 financial position. ARMOUR's Q3 2024 Results GAAP net income available to common stockholders of $62.9 million or $1.21 per common share.Net interest income of $1.8 million.Distributable Earnings available to common stockholders of $52.0 million, which represents $1.00 per common share (see explanati ...
Wiz hopes to hit $1B in ARR in 2025 before an IPO, after turning down Google's $23B
TechCrunch· 2024-10-23 15:08
Wiz co-founder and VP of R&D Roy Reznik told CNBC last week that the company has hit $500 million in annual recurring revenue, and plans to double that in 2025 to $1 billion. He also reiterated that the $1 billion-mark is a prerequisite for the IPO that Wiz promised employees when it walked away from acquisition talks with Google last summer at a $23 billion price tag. ARR at the cloud security startup was at about $350 million in May, but was already around $500 million by July when it walked from Google, ...
ARMOUR Residential REIT, Inc. Announces November 2024 Dividend Rate per Common Share
GlobeNewswire News Room· 2024-10-22 20:20
VERO BEACH, Florida, Oct. 22, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the November 2024 cash dividend for the Company's Common Stock. November 2024 Common Stock Dividend Information Month Dividend Holder of Record Date Payment DateNovember 2024 $0.24 November 15, 2024 November 27, 2024        Certain Tax Matters ARMOUR has elected to be taxed as a real estate investment trust (“REIT”) for U.S. Federal income tax purposes. In ...
ARMOUR Residential REIT, Inc. Third Quarter 2024 Webcast Scheduled for October 24, 2024
GlobeNewswire News Room· 2024-10-22 20:15
VERO BEACH, Florida, Oct. 22, 2024 (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 third quarter 2024 operating results on Thursday, October 24, 2024. The Company will issue its third quarter 2024 earnings release after the close of trading on Wednesday, October 23, 2024. The live broadcast will be available on October 24, 2024, beginnin ...
Key Factors to Know Ahead of ARMOUR Residential REIT's Q3 Earnings
ZACKS· 2024-10-21 15:20
ARMOUR Residential REIT, Inc. (ARR) is expected to report third-quarter 2024 results on Oct. 23. The company's results are expected to reflect growth in net interest income (NII) while earnings are expected to have declined from the year-ago reported figure. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, this real estate investment trust (REIT), which primarily invests in residential mortgage-backed securities issued or guaranteed by a United States G ...
All You Need to Know About Armour Residential REIT (ARR) Rating Upgrade to Buy
ZACKS· 2024-10-16 17:05
Armour Residential REIT (ARR) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Sin ...