NYSE$ARR

ARMOUR Residential REIT Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

ARMOUR Residential REIT's Q2 2024 financial performance reflected a net loss but also showed positive distributable earnings.

ARMOUR Residential REIT reported a GAAP net loss of $(51.3) million, or $(1.05) per common share, for Q2 2024. However, the company also reported distributable earnings available to common stockholders of $52.5 million, which represents $1.08 per common share. The company's book value per common share was $20.30 as of June 30, 2024.

  • GAAP net loss related to common stockholders was $(51.3) million, or $(1.05) per common share.
  • Net interest income was $7.0 million.
  • Distributable Earnings available to common stockholders was $52.5 million, or $1.08 per common share.
  • Book value per common share was $20.30 as of June 30, 2024.

Headline financials

Total Revenue

$6.97M

Previous: $5.76M+21.0%
EPS

-$1.05

Previous: $1.15-191.3%
Implied Leverage

7.44

No prior period
Economic Net Interest Spread

2.0%

No prior period
Book Value Per Common Share

$20.30

Previous: $5.38+277.3%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

-$48.4M

Previous: $43M-212.5%
Net Income

-$48.4M

Previous: $43M-212.5%
Operating Income

-$7.95M

Previous: -$9.41M+15.5%
Gross Profit

$6.97M

Previous: $5.76M+21.0%
Cash & Equivalents

$127M

Previous: $164M-22.7%
Total Assets

$10.1B

Previous: $12.5B-19.8%
Stock-Based Comp

$766K

Previous: $821K-6.7%

Revenue & EPS history

ARMOUR Residential REIT · Revenue · Quarterly

$6.97M

Q2 2024+21%vs Q2 2023
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 Q2 2024

Historical avgQ2 2024

-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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