NYSE$ARR

ARMOUR Residential REIT Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

ARMOUR Residential REIT announced Q1 2023 results and March 31, 2023 financial position.

ARMOUR Residential REIT reported a comprehensive loss related to common stockholders of $(22.8) million, or $(0.12) per common share, and distributable earnings available to common stockholders of $49.3 million, or $0.27 per common share.

  • Comprehensive loss related to common stockholders was $(22.8) million, or $(0.12) per common share.
  • Net interest income was $12.0 million with a net interest margin of 1.97%.
  • Distributable Earnings available to common stockholders totaled $49.3 million, representing $0.27 per common share.
  • Liquidity, including cash and unencumbered agency and U.S. government securities, reached $550.2 million.

Headline financials

Total Revenue

$12M

Previous: $30.9M-61.2%
EPS (adj)

$1.35

Previous: $1.40-3.6%
Book Value Per Common Share

$5.44

Previous: $8.48-35.8%
Free Cash Flow

-$31.4M

Previous: -$66.4M+52.8%
Net Income

-$31.4M

Previous: -$66.4M+52.8%
Operating Income

-$887K

Previous: $19M-104.7%
Gross Profit

$12M

Previous: $30.9M-61.2%
Cash & Equivalents

$135M

Previous: $317M-57.3%
Total Assets

$13.2B

Previous: $8.71B+52.2%
Stock-Based Comp

$692K

Previous: $935K-26.0%

Revenue & EPS history

ARMOUR Residential REIT · Revenue · Quarterly

$12M

Q1 2023-61.2%vs Q1 2022
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-0.3%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-2.6%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+9.1%

Q2 2022

Best reaction

-12.1%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%+0.3%-5.7%
Q4 2025-0.2%+2.8%-12.4%
Q3 2025+1.1%+3.3%+5.3%
Q1 2025-0.4%+3.8%-1.0%
Q4 2024+1.6%+0.2%-0.6%
Q3 2024-0.4%-3.0%-5.1%
Q2 2024-5.5%-3.7%-5.9%
Q1 2024-1.1%-3.0%+1.3%
Q4 2023+4.8%+3.9%+2.0%
Q3 2023-7.0%-9.0%+14.4%
Q2 2023+0.2%-1.4%-6.2%
Q1 2023+1.2%-0.4%-5.0%
Q4 2022-1.0%-1.0%-19.4%
Q3 2022+5.4%+7.3%+18.8%
Q2 2022+9.1%+10.8%+2.4%
Q1 2022+3.9%+2.8%+5.0%
Q4 2021-2.1%-0.1%-3.9%
Q3 2021-0.9%+0.9%-6.5%
Q2 2021-6.6%-5.0%-4.4%
Q1 2021-0.3%+0.5%-1.7%
Q4 2020-4.4%-1.2%-0.6%
Q3 2020+3.5%+3.5%+11.6%
Q2 2020-2.4%-4.6%-1.6%
Q1 2020-12.1%-11.9%-14.7%
Q4 2019+4.0%+0.4%-61.6%
Q3 2019-1.4%-2.6%-0.5%
Q2 2019-3.4%-3.8%-10.1%
Q1 2019-3.9%-3.9%-9.4%
Q4 2018-1.3%-1.7%-8.0%
Q3 2018+4.6%+5.9%+7.5%
Q2 2018+2.4%+3.3%+2.9%
Q1 2018-0.4%-0.3%+1.2%
Q4 2017+0.6%+1.4%-0.7%
Q3 2017-5.1%-5.6%-5.0%
Q2 2017+0.9%+1.0%+6.4%
Q1 2017+3.8%+5.3%+8.0%
Q4 2016+1.9%+0.5%+2.5%
Q3 2016+0.1%+1.8%-4.2%
Q2 2016+3.3%+5.1%+1.7%
Q1 2016-5.8%
Q4 2015+2.6%
Q3 2015+1.7%
Q2 2015+6.4%
Q1 2015-2.9%
Q4 2014+1.9%
Q3 2014-2.5%
Q2 2014-0.9%
Q1 2014-0.9%
Q4 2013+1.2%
Q3 2013-7.0%
Q2 2013-4.6%
Q1 2013-0.8%
Q4 2012+0.9%
Q3 2012-0.8%
Q2 2012+2.3%
Q4 2011+0.5%
Q1 2011+0.6%
Q1 2012+1.2%
Q3 2011-1.2%
Q4 2010-2.7%
Q2 2011-2.7%
Q3 2010+0.1%
Q2 2010+0.3%
Q1 2010+3.0%

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