NYSE$ARR
ARMOUR Residential REIT Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Announced financial position and Q2 results.
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.
Headline financials
Revenue & EPS history
ARMOUR Residential REIT · Revenue · Quarterly
$16.7M
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.
Tailwinds
- 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.
Headwinds
- ARMOUR Comprehensive loss of $(61.3) million, or $(0.85) per common share, which represents an annualized return of (24)% based on stockholders' equity at the beginning of the quarter.
- The Company’s remote work environment protocol has allowed operations to remain fully functional while we worked remotely.
- All of ACM's eligible employees are fully vaccinated, and have begun a phased plan to return to working from the Company’s offices, which is expected to be complete in September 2021.
- ARMOUR's debt to equity ratio (based on repurchase agreements divided by stockholders' equity) was approximately 3.5 to 1.
- Leverage, including TBA Securities was approximately 7.2 to 1.
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 Q2 2021
-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
| Quarter | Report date | Reaction (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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