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ARMOUR Residential REIT Inc (ARR)
NYSE:ARR
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.95Last Year’s EPS
0.82Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 1.18%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture for ARMOUR Residential REIT. While there were notable successes in capital raising, positive ROE outlook, and stable dividend payments, the significant GAAP net loss and concerns over GSE reforms and banking regulations highlight challenges. The sentiment is balanced with both positive and negative aspects.Company Guidance
During the ARMOUR Residential REIT Fourth Quarter 2024 Earnings Conference Call, several key financial metrics and strategic insights were shared. The company reported a Q4 GAAP net loss of $49.4 million, or $0.83 per common share. Net interest income stood at $12.7 million, while distributable earnings available to common stockholders were $46.5 million, or $0.78 per common share. ARMOUR raised approximately $136.2 million in capital through the issuance of about 7.2 million shares, which was mildly dilutive at $0.02 per share. The quarter-end book value was $19.07 per common share, with an estimated book value of $19.18 as of February 10, 2025. ARMOUR paid monthly dividends of $0.24 per common share, totaling $0.70 for the quarter. The portfolio's positive yield curve and attractive MBS spreads are generating 150 basis points positive versus cash, with hedged levered ROE measures yielding 18% to 19%. The company also raised an additional $259 million through its ATM program, issuing 14 million common shares and 17,364 preferred C shares. ARMOUR's strategy includes maintaining a constructive view on agency MBS spreads and leveraging opportunities amidst market volatility, while also considering macroeconomic and geopolitical factors.Capital Raising Success
ARMOUR raised approximately $136.2 million through an aftermarket offering program in Q4 2024, and an additional $259 million through ATM programs up to February 2025.
Positive ROE Outlook
ARMOUR is experiencing some of the most attractive yields in its history, with a duration hedged levered ROE measure of 18% to 19% on production and premium coupon MBS.
Stable Dividend Payments
ARMOUR paid monthly common stock dividends of $0.24 per share, totaling $0.70 for the quarter, and aims to maintain an attractive and stable dividend.
Portfolio Liquidity and Diversification
The investment portfolio remains liquid with 100% agency MBS and is well diversified across the 30-year coupon stack, with cash and liquidity at approximately 50% of the total capital.
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ARR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $18.67 | $18.97 | +1.61% |
| Oct 23, 2024 | $18.60 | $18.64 | +0.22% |
| Jul 24, 2024 | $18.96 | $18.50 | -2.43% |
| Apr 25, 2024 | $16.10 | $16.37 | +1.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ARMOUR Residential REIT Inc (ARR) report earnings?
ARMOUR Residential REIT Inc (ARR) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is ARMOUR Residential REIT Inc (ARR) earnings time?
ARMOUR Residential REIT Inc (ARR) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARR EPS forecast?
ARR EPS forecast for the fiscal quarter 2025 (Q1) is 0.95.
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