Financial Performance - GAAP net loss for Q4 2024 was $(49.4) million, or $(0.83) per common share[4] - The company reported a net loss of $46.4 million in Q4 2024, contrasting with a net income of $65.9 million in Q3 2024, leading to a net loss per common share of $0.83[15] - Distributable earnings for Q4 2024 were $49.5 million, down from $55.0 million in Q3 2024, resulting in distributable earnings per common share of $0.78 compared to $1.00[15] - Total expenses after fees waived for Q4 2024 were $11.5 million, compared to $10.4 million in Q3 2024[15] - Economic net interest income for Q4 2024 was $61.1 million, with a net interest spread of 1.53%[17] Earnings and Dividends - Distributable Earnings available to common stockholders were $46.5 million, representing $0.78 per common share[4] - ARMOUR paid monthly cash dividends of $0.24 per share of common stock in Q4 2024, maintaining a consistent dividend policy[19] Assets and Securities - Agency mortgage-backed securities portfolio totaled $12.4 billion[4] - The average balance of agency securities was $12,600.7 million with an average yield of 4.83% in Q4 2024[17] Capital and Equity - Total stockholders' equity increased to $1,361.4 million from $1,316.9 million in Q3 2024[7] - The company raised $136.2 million by issuing 7,205,653 shares of common stock through an at-the-market offering program[4] - Book value per common share decreased to $19.07 from $20.76 at the end of Q3 2024[4] Debt and Leverage - Debt to equity ratio was 7.87:1, with implied leverage of 7.95:1[4] - Average interest income on interest-earning assets was 4.81%, while interest cost on average interest-bearing liabilities was 5.01%[4] Market Performance - Total economic return for Q4 2024 was (4.67)%, and (2.62)% for the full year 2024[4] - The company experienced a loss of $404.1 million on mortgage-backed securities (MBS) in Q4 2024, compared to a loss of $306.1 million in Q3 2024[15] Shareholder Information - ARMOUR's weighted average common shares outstanding increased to 59,370,975 in Q4 2024 from 51,832,743 in Q3 2024[15] Management - The company is externally managed by ARMOUR Capital Management LP, focusing on fixed-rate residential mortgage-backed securities[23]

Company Overview - ARMOUR Residential REIT, Inc. reported its unaudited Q4 2024 results and financial position as of December 31, 2024 [1] - The company primarily invests in fixed-rate residential, adjustable-rate, and hybrid adjustable-rate mortgage-backed securities [22] Financial Performance - The GAAP net loss related to common stockholders was $(49.4) million, or $(0.83) per common share [5] - Net interest income for Q4 2024 was $12.7 million, with distributable earnings available to common stockholders amounting to $46.5 million, or $0.78 per common share [5][14] - The book value per common share decreased to $19.07 from $20.76 at the end of Q3 2024 [5][6] - Total economic return for Q4 2024 was (4.67)%, and (2.62)% for the full year 2024 [5] Capital and Equity - The company raised $136.2 million by issuing 7,205,653 shares of common stock through an at-the-market offering program [5] - Total stockholders' equity increased to $1,361.4 million from $1,271.2 million year-over-year [4][8] - The debt-to-equity ratio was reported at 7.87:1, indicating a high level of leverage [5] Asset and Liability Management - ARMOUR's total assets amounted to $13,547.9 million, with agency mortgage-backed securities valued at $12.4 billion [8] - The company had liquidity, including cash and unencumbered securities, exceeding $802 million [5] - The total liabilities were $12,186.5 million, with repurchase agreements net totaling $10.7 billion [9] Dividend Information - ARMOUR paid monthly cash dividends of $0.24 per share for common stock in Q4 2024 [18] - The company also declared cash dividends for Series C Preferred Stock at $0.14583 per share for the same period [19] Economic Metrics - Average interest income on interest-earning assets was 4.81%, while the interest cost on average interest-bearing liabilities was 5.01% [5][16] - The economic net interest spread was reported at 1.53% [5][16]

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 ...

Core Points - ARMOUR Residential REIT, Inc. will host a conference call on February 13, 2025, to discuss its fourth quarter 2024 operating results [1] - The earnings release for the fourth quarter 2024 will be issued after market close on February 12, 2025 [1] Company Overview - ARMOUR primarily invests in fixed rate residential, adjustable rate, and hybrid adjustable rate residential mortgage-backed securities that are issued or guaranteed by U.S. Government-sponsored enterprises or the Government National Mortgage Association [3] - The company is externally managed and advised by ARMOUR Capital Management LP, which is registered with the Securities and Exchange Commission [3] Additional Information - Investors can find more information about ARMOUR on the SEC's website or the company's website [4] - The live webcast of the conference call will be available starting at 9:00 a.m. (Eastern Time) on February 13, 2025, and a replay will be accessible for one year [2]

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 ...

Disclosure and Disclaimer - The content provided does not constitute financial advice and is intended for discussion purposes only [2] - Seeking Alpha is not a licensed securities dealer, broker, or investment adviser, and its analysts may not be licensed or certified by any regulatory body [3] - The author has no stock, option, or derivative positions in the mentioned companies and no plans to initiate such positions within the next 72 hours [1]

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 ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...