In Q2 FY2011, Armour Residential REIT reported net income of $114.8 million, a significant increase of 251.9% year-over-year. Diluted EPS was $0.86, up 191.5% from the prior year. Revenue was negative $5.1 million, a sharp decline of 2,379.7% year-over-year.
•Net income surged 251.9% YoY to $114.8 million.
•Diluted EPS rose 191.5% to $0.86.
•Revenue was negative $5.1 million, down 2,379.7% YoY.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. Its 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 unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. The company has elected to be taxed as a real estate investment trust. ARMOUR Residential REIT, Inc. was incorporated in 2008 and is based in Vero Beach, Florida.
ARMOUR Residential REIT, Inc. is a real estate investment trust that invests primarily in residential mortgage-backed securities (MBS) in the United States. Its portfolio mainly consists of securities issued or guaranteed by U.S. Government-sponsored entities (GSEs) like Fannie Mae and Freddie Mac, as well as the Government National Mortgage Administration (Ginnie Mae). These securities are backed by fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans. The company also holds unsecured notes and bonds issued by GSEs, U.S. Treasuries, and money market instruments. By focusing on these high-quality, government-backed securities, ARMOUR aims to generate income for its shareholders while maintaining a conservative risk profile.
Where is ARMOUR Residential REIT (ARR) listed and in which currency?
ARMOUR Residential REIT, Inc. is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol ARR. Its shares are denominated in U.S. Dollars (USD), reflecting its operations and asset base in the United States. As a U.S.-based company, all financial reporting and dividends are also in USD. Investors looking to trade ARR can do so during regular NYSE trading hours, and the stock is accessible through most brokerage platforms that offer access to U.S. equities.
What sector and industry does ARMOUR Residential REIT (ARR) belong to?
ARMOUR Residential REIT, Inc. operates in the Real Estate sector, specifically within the REIT - Mortgage industry. As a mortgage REIT (mREIT), it does not own physical properties like traditional real estate investment trusts. Instead, it invests in mortgage-backed securities and related financial assets. The company's focus on residential mortgage-backed securities issued or guaranteed by U.S. government agencies places it in the agency mREIT subsector, which is known for lower credit risk compared to non-agency mREITs. This industry classification helps investors understand the company's risk profile and income generation strategy.
Where is ARMOUR Residential REIT (ARR) headquartered and what markets does it serve?
ARMOUR Residential REIT, Inc. is headquartered in Vero Beach, Florida, United States. The company was incorporated in 2008 and has since focused exclusively on the U.S. residential mortgage market. Its investments are concentrated in securities backed by U.S. home loans, primarily those guaranteed by government-sponsored entities and federal agencies. Therefore, ARMOUR's operations and revenue are entirely tied to the U.S. housing and mortgage markets. The company does not have international exposure, and its performance is closely linked to U.S. interest rates, housing trends, and government housing policy.
How does ARMOUR Residential REIT (ARR) generate income?
ARMOUR Residential REIT generates income primarily by investing in residential mortgage-backed securities (MBS) and earning the spread between the interest income from these securities and its borrowing costs. The company's portfolio consists largely of agency MBS, which are issued or guaranteed by U.S. government-sponsored entities like Fannie Mae and Freddie Mac, as well as Ginnie Mae. These securities provide regular interest payments. ARMOUR also holds U.S. Treasuries and money market instruments for liquidity and risk management. As a REIT, it is required to distribute at least 90% of its taxable income to shareholders as dividends, making dividend yield a key aspect of its investment proposition. The company's profitability depends on factors such as interest rate changes, prepayment rates on underlying mortgages, and the shape of the yield curve.