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Jun 30, 2021
ARMOUR Residential REIT Q2 2021 Earnings Report
Announced financial position and Q2 results.
Key Takeaways
ARMOUR Residential REIT reported a comprehensive loss of $61.3 million, or $0.85 per common share, and core income of $18.9 million, or $0.21 per common share, for Q2 2021. The company's book value per common share was $11.28, and stockholders' equity totaled $1,109 million. They issued 13,290,759 shares of common stock, raising $159.3 million, and paid common stock dividends of $0.10 per share per month.
Stockholders' equity totaled $1,109 million.
Book value per common share was $11.28.
Liquidity, including cash and unencumbered securities, was $832 million.
Comprehensive loss of $(61.3) million, or $(0.85) per common share.
Forward Guidance
ARMOUR paid monthly cash dividends of $0.10 per share of the Company’s common stock for each month in Q2 2021. ARMOUR previously announced the July and August common stock dividends of $0.10 per share payable July 29, 2021 and August 27, 2021 to holders of record on July 15, 2021 and August 16, 2021, respectively.
Positive Outlook
- ARMOUR paid monthly cash dividends of $0.10 per share of the Company’s common stock for each month in Q2 2021.
- ARMOUR previously announced the July and August common stock dividends of $0.10 per share payable July 29, 2021 and August 27, 2021 to holders of record on July 15, 2021 and August 16, 2021, respectively.
- ARMOUR’s Board of Directors will determine future common dividend rates based on an evaluation of the Company’s results, financial position, real estate investment trust (“REIT”) tax requirements, and overall market conditions as the quarter progresses.
- ARMOUR paid monthly cash dividends of $0.14583 per share of the Company’s Series C Preferred Stock for each month in Q2 2021.
- ARMOUR previously announced monthly dividends on its Series C Preferred Stock at the rate of $0.14583 per share to holders of record on July 15, 2021, August 15, 2021 and September 15, 2021, payable on July 27, 2021, August 27, 2021 and September 27, 2021, respectively.
Challenges Ahead
Historical Earnings Impact
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Avg. Return Before/After Earnings
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