Armour Residential ( (ARR) ) has released its Q1 earnings. Here is a breakdown of the information Armour Residential presented to its investors.
ARMOUR Residential REIT, Inc. is a real estate investment trust that primarily invests in residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises. The company is externally managed by ARMOUR Capital Management LP.
In its latest financial report, ARMOUR Residential REIT, Inc. announced its unaudited first-quarter results for 2025, highlighting a GAAP net income of $24.3 million, or $0.32 per common share. The company also reported a net interest income of $36.3 million and distributable earnings of $64.6 million, equating to $0.86 per common share.
Key financial metrics from the report include an economic net interest spread of 1.88% and a book value per common share of $18.59, down from $19.07 at the end of 2024. The company raised $371.4 million through the issuance of common stock and maintained a robust liquidity position of $848 million. ARMOUR’s agency mortgage-backed securities portfolio stood at $14.4 billion, with a debt-to-equity ratio of 7.33:1.
ARMOUR’s strategic activities in the first quarter included the repurchase of 666,600 common shares and the issuance of preferred stock, contributing to an increase in total stockholders’ equity to $1.7 billion. The company paid common stock dividends of $0.72 per share for the quarter, maintaining its commitment to shareholder returns.
Looking ahead, ARMOUR Residential REIT, Inc. remains focused on managing its investment portfolio and maintaining its REIT tax status. The company continues to assess market conditions to optimize its financial performance and shareholder value.