NYSE$ARR

ARMOUR Residential REIT Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

ARMOUR Residential REIT announced Q2 2023 results, reporting earnings available to common stockholders of $40.0 million, or $0.20 per common share, and distributable earnings available to common stockholders of $45.4 million, or $0.23 per common share.

ARMOUR Residential REIT reported Q2 2023 results, including earnings available to common stockholders of $40.0 million or $0.20 per common share and distributable earnings available to common stockholders of $45.4 million or $0.23 per common share. The company's book value per common share was $5.38 as of June 30, 2023, and liquidity stood at $644.4 million.

  • Earnings available to common stockholders were $40.0 million, or $0.20 per common share.
  • Net interest income was $5.8 million.
  • Distributable Earnings available to common stockholders totaled $45.4 million, representing $0.23 per common share.
  • Liquidity, including cash and unencumbered agency and U.S. government securities, was $644.4 million.

Headline financials

Total Revenue

$5.76M

Previous: $35M-83.6%
EPS (adj)

$1.15

Previous: $1.45-20.7%
Book Value Per Common Share

$5.38

Previous: $7.25-25.8%
Free Cash Flow

$43M

Previous: -$58.6M+173.3%
Net Income

$43M

Previous: -$58.6M+173.3%
Operating Income

-$9.41M

Previous: $22M-142.7%
Gross Profit

$5.76M

Previous: $35M-83.6%
Cash & Equivalents

$164M

Previous: $209M-21.7%
Total Assets

$12.5B

Previous: $8.86B+41.6%
Stock-Based Comp

$821K

Previous: $959K-14.4%

Revenue & EPS history

ARMOUR Residential REIT · Revenue · Quarterly

$5.76M

Q2 2023-83.6%vs Q2 2022
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

ARMOUR 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 Q2 2023

Historical avgQ2 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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