ARMOUR Residential REIT, Inc. Announces Q4 Results and December 31, 2024 Financial Position

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]