ARMOUR Residential REIT (ARR)

Company Profile

ARMOUR Residential REIT, Inc. (NYSE: ARR) is a Maryland corporation incorporated in 2008. ARMOUR and its subsidiaries are managed by ARMOUR Capital Management LP, an investment advisor registered with the SEC. We invest primarily in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored entity, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, “Agency Securities”). Our Agency Securities consist primarily of fixed rate loans. The remaining are either backed by hybrid adjustable rate or adjustable rate loans. From time to time we may also invest in Interest-Only Securities, U.S. Treasury Securities and money market instruments.

Company profile

Ticker

ARR, ARR+C

Exchange

NYSE

Website

www.armourreit.com/

CEO

Scott J. Ulm / Jeffrey J. Zimmer

Incorporated

Maryland

Location

Florida

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Starwood Property Trust • Annaly Capital Management • AGNC Investment • Equity Residential Properties Trust • VEREIT • Invesco Mortgage Capital • Welltower • Vornado Realty • Vornado Realty Trust • Healthpeak Properties ...

SEC CIK

0001428205

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

ARR stock data

1M 1Y 5Y

Latest filings (excl ownership)

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Armour Residential Reit, Inc. Announces Effectiveness of One-for-five Reverse Stock Split

2 Oct 23

8-K

Regulation FD Disclosure

14 Sep 23

8-K

Continued Dividend Rate Per Common Share for September 2023

29 Aug 23

8-K

Regulation FD Disclosure

11 Aug 23

8-K

Regulation FD Disclosure

26 Jul 23

Prospectus supplement for primary offering

26 Jul 23

8-K

Armour Residential Reit, Inc. Announces ARMOUR's Q2 2023 Results

26 Jul 23

8-K

Armour Residential Reit, Inc. Announces August 2023 Dividend Rate Per Common Share

26 Jul 23

Transcripts

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ARR

Earnings call transcript

2023 Q2

27 Jul 23

ARR

Earnings call transcript

2023 Q1

27 Apr 23

ARR

Earnings call transcript

2022 Q4

16 Feb 23

ARR

Earnings call transcript

2022 Q3

28 Oct 22

ARR

Earnings call transcript

2022 Q1

28 Apr 22

ARR

Earnings call transcript

2021 Q2

23 Jul 21

ARR

Earnings call transcript

2021 Q1

22 Apr 21

ARR

Earnings call transcript

2020 Q4

18 Feb 21

ARR

Earnings call transcript

2020 Q3

22 Oct 20

ARR

Earnings call transcript

2020 Q1

1 May 20

Latest ownership filings

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Financial summary

Financial statements Chart ARR financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	216.22 mm	216.22 mm	216.22 mm	216.22 mm	216.22 mm	216.22 mm
Cash burn (monthly)	14.37 mm	1.46 mm	5.06 mm	4.52 mm	2.97 mm	(no burn)
Cash used (since last report)	44.67 mm	4.54 mm	15.72 mm	14.05 mm	9.24 mm	n/a
Cash remaining	171.56 mm	211.69 mm	200.50 mm	202.17 mm	206.98 mm	n/a
Runway (months of cash)	11.9	145.1	39.6	44.7	69.6	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

ARR institutional ownership history Ownership history

42.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	167	163	+2.5%
Opened positions	31	29	+6.9%
Closed positions	27	27	–
Increased positions	81	81	–
Reduced positions	32	27	+18.5%

13F shares	Current	Prev Q	Change
Total value	508.82 bn	460.69 bn	+10.4%
Total shares	97.41 mm	89.45 mm	+8.9%
Total puts	156.00 k	276.50 k	-43.6%
Total calls	386.50 k	213.10 k	+81.4%
Total put/call ratio	0.4	1.3	-68.9%

Largest owners	Shares	Value	Change
BLK Blackrock	33.12 mm	$176.53 bn	+14.0%
Vanguard	21.42 mm	$114.16 bn	+5.5%
STT State Street	6.31 mm	$33.64 bn	+12.6%
Geode Capital Management	3.80 mm	$20.25 bn	+23.8%
IVZ Invesco	3.62 mm	$19.31 bn	-4.0%
NTRS Northern Trust	2.20 mm	$11.72 bn	+26.4%
Jupiter Asset Management	2.04 mm	$10.83 bn	-32.4%
MS Morgan Stanley	2.01 mm	$10.72 bn	+21.2%
Two Sigma Investments	1.95 mm	$10.38 bn	+80.5%
Charles Schwab Investment Management	1.51 mm	$8.04 bn	+22.0%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	33.12 mm	+4.07 mm	+14.0%
Mirae Asset Global Investments	90.54 k	-1.41 mm	-94.0%
Vanguard	21.42 mm	+1.11 mm	+5.5%
Jupiter Asset Management	2.04 mm	-975.62 k	-32.4%
Two Sigma Investments	1.95 mm	+868.36 k	+80.5%
Geode Capital Management	3.80 mm	+731.70 k	+23.8%
STT State Street	6.31 mm	+703.85 k	+12.6%
NTRS Northern Trust	2.20 mm	+459.63 k	+26.4%
State of New Jersey Common Pension Fund D	0.00	-404.40 k	EXIT
Citadel Advisors	694.53 k	-386.32 k	-35.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ARR insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
22 Aug 23	Zimmer Jeffrey J	Common Stock	Sale back to company	Dispose D	No	No	4.63	8,760	40.56 k	232,896
22 Aug 23	Zimmer Jeffrey J	Common Stock	Option exercise	Acquire M	No	No	0	21,900	0.00	241,656
22 Aug 23	Zimmer Jeffrey J	Phantom Stock Common Stock	Option exercise	Dispose M	No	No	0	21,900	0.00	378,350
22 Aug 23	Ulm Scott	Common Stock, par value $0.001 per share	Sale back to company	Dispose D	No	No	4.63	8,760	40.56 k	257,751
22 Aug 23	Ulm Scott	Common Stock, par value $0.001 per share	Option exercise	Acquire M	No	No	0	21,900	0.00	266,511
22 Aug 23	Ulm Scott	Phantom Stock Common Stock	Option exercise	Dispose M	No	No	0	21,900	0.00	378,350
22 Aug 23	Staton Daniel C	Common Stock, par value $0.001 per share	Option exercise	Acquire M	Yes	No	0	3,500	0.00	354,811
22 Aug 23	Staton Daniel C	Common Stock, par value $0.001 per share	Option exercise	Acquire M	Yes	No	0	2,400	0.00	351,311
22 Aug 23	Staton Daniel C	Phantom Stock Common Stock	Option exercise	Dispose M	No	No	0	3,500	0.00	80,850
22 Aug 23	Staton Daniel C	Phantom Stock Common Stock	Option exercise	Dispose M	No	No	0	2,400	0.00	84,350