ARMOUR Residential REIT, Inc. (NYSE:ARR) Reports Results


Dallas, Texas 03/04/2014 (FINANCIALSTRENDS) – ARMOUR Residential REIT, Inc.(NYSE:ARR) had reported a core income of $0.15 per share. This is valued at $59.3 million, during the fourth quarter of 2013. The company has also reported a dip of $0.07 per share. This is relative to the core income of $0.22 on a share and is viewed as the fourth quarter of 2012. This time around the drop is to the value of 32%.

ARMOUR Residential REIT, Inc.(NYSE:ARR), in the fourth quarter has indicated that the capital losses as well as reduction in the value of the products are related to agency securities. The report has revealed that the net loss of $541 million was to the tune of $1.47 per share. Later by the fourth quarter of 2012, it was reported that the net income was $115 million. This was priced at $0.37 to a share. The full year 2013 prices reported a net loss of $187 million, however the price was $0.55 per share. This was in comparison to the net income of $222 million. The per share price too is $0.99 on a share during 2012.

According to detailed reports, ARMOUR Residential REIT, Inc.(NYSE:ARR) showed a  sharp decline in the 2013 prices, because of 2012 declines. The security purchases as well as reduction in the leverage resulting in capital losses, besides other temporary impairment. The capital raising has thus increased and the preferred common shares outstanding were as indicated. The annual report which the ARMOUR Residential REIT, Inc.(NYSE:ARR) filed before SEC indicated various statistics. The Agency securities are the mortgage bonds issued by Fannie Mae as well as Freddie Mac. These two are the principal funds which the company continues to invest.

ARMOUR Residential REIT, Inc.(NYSE:ARR) has also lowered the equity, debt, besides leverage ratio for the company. It now stands at 6.92 to 1 by the end of the year of 2013. This has lowered from 7.96 to 1 by the end of the year of 2012.