Armour Residential REIT, Inc. ARR
ARMOUR is an externally managed Maryland corporation incorporated in 2008. The Company is managed by ACM, an investment advisor registered with the Securities and Exchange Commission ("SEC") (which registration the Company provides notice of to the state of Florida) (see Note 8 and Note 14 to the consolidated financial statements). We have elected to be taxed as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"). We believe that we are organized in conformity with the requirements for qualification as a REIT under the Code and our manner of operations enables us to meet the requirements for taxation as a REIT for federal income tax purposes (See Real Estate Investment Trust Requirements section below).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total operating expenses | $61.3M | $60.2M | $50.2M | $45.6M | $43.5M | $40.8M | $38.5M | $37.0M | $35.8M | $37.5M |
| Interest expense | $158.3M | $26.8M | $27.1M | $107.7M | $73.4M | $106.4M | $151.3M | $128.9M | $159.9M | $190.9M |
| Pre-tax income | — | — | — | — | — | — | -$249.9M | — | — | — |
| Income tax | — | — | — | — | — | — | $25.0K | — | — | — |
| Net income | $322.7M | -$14.4M | -$67.9M | -$229.9M | $15.4M | -$215.1M | -$249.9M | -$106.0M | $181.2M | -$45.5M |
| EPS, basic | 3.31 | -0.51 | -1.86 | -10.25 | 0.24 | -3.57 | -4.59 | -2.92 | 4.22 | -1.67 |
| EPS, diluted | 3.30 | -0.51 | -1.86 | -10.25 | 0.24 | -3.57 | -4.59 | -2.92 | 4.17 | -1.67 |
| Shares, diluted (wtd. avg.) | 94.3M | 52.2M | 43.1M | 23.6M | 16.1M | 63.1M | 57.8M | 42.1M | 39.6M | 36.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $63.3M | $68.0M | $258.9M | $118.1M | $356.2M | $171.7M | $273.2M | $232.2M | $282.4M | $351.2M |
| Total assets | $21.01B | $13.55B | $12.34B | $9.44B | $5.28B | $5.52B | $13.27B | $8.46B | $8.93B | $7.98B |
| Total liabilities | $18.74B | $12.19B | $11.07B | $8.32B | $4.13B | $4.59B | $11.84B | $7.34B | $7.60B | $6.89B |
| Retained earnings | -$518.2M | -$840.9M | -$826.5M | -$758.5M | -$528.6M | -$2.27B | -$1.97B | -$1.58B | -$1.36B | -$1.44B |
| Total equity | $2.26B | $1.36B | $1.27B | $1.11B | $1.14B | $938.3M | $1.44B | $1.13B | $1.33B | $1.09B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $124.2M | $261.5M | $132.8M | $124.1M | $11.7M | -$257.8M | -$40.7M | $75.2M | $110.1M | -$203.4M |
| Stock-based compensation | $2.1M | $3.2M | $3.2M | $3.7M | $4.8M | $4.1M | $2.7M | $2.4M | $937.0K | $881.0K |
| Investing cash flow | -$7.28B | -$1.69B | -$3.04B | -$3.89B | $503.6M | $7.09B | -$4.39B | $466.3M | -$959.1M | $5.48B |
| Financing cash flow | $7.30B | $1.31B | $3.05B | $3.53B | -$330.8M | -$6.93B | $4.47B | -$591.7M | $780.2M | -$5.48B |
| Dividends paid | $271.4M | $150.9M | $216.2M | $142.4M | $96.6M | $75.5M | $124.5M | $97.0M | $89.4M | $8.1M |
| Buybacks | $19.9M | $1.3M | $9.9M | $7.7M | $0 | $777.0K | $17.0M | $0 | $0 | $14.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001428205-26-000029.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$45.5M | $181.2M | -$106.0M | -$249.9M | -$215.1M | $15.4M | -$229.9M | -$67.9M | -$14.4M | $322.7M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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