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Jun 30, 2024
ARMOUR Residential REIT Q2 2024 Earnings Report
ARMOUR Residential REIT's Q2 2024 financial performance reflected a net loss but also showed positive distributable earnings.
Key Takeaways
ARMOUR Residential REIT reported a GAAP net loss of $(51.3) million, or $(1.05) per common share, for Q2 2024. However, the company also reported distributable earnings available to common stockholders of $52.5 million, which represents $1.08 per common share. The company's book value per common share was $20.30 as of June 30, 2024.
GAAP net loss related to common stockholders was $(51.3) million, or $(1.05) per common share.
Net interest income was $7.0 million.
Distributable Earnings available to common stockholders was $52.5 million, or $1.08 per common share.
Book value per common share was $20.30 as of June 30, 2024.
Forward Guidance
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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