ARMOUR Residential REIT, Inc. (ARR-PC)

USD 21.22

(-3.11%)

Market Cap (In USD)

1.06 Billion

Revenue (In USD)

449.67 Million

Net Income (In USD)

-67.92 Million

Avg. Volume

14.88 Thousand

Currency
USD
Country
Real Estate
Open
-
Prev. Close
-
Day Range
-
Year Range
20.01-23.575
PE
-
EPS
-
Beta Value
1.507
ISIN
US0423156068
CUSIP
042315606
CIK
1428205
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Real Estate
Industry
REIT - Mortgage
CEO
Mr. Scott Jeffrey Ulm
Employee Count
-
Website
https://www.armourreit.com
Ipo Date
2020-01-27
Details
ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. The company's securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. It also invests in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency. The company has elected to be taxed as a real estate investment trust under the Internal Revenue Code. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. ARMOUR Residential REIT, Inc. was incorporated in 2008 and is based in Vero Beach, Florida.