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Stock impact report

ARMOUR Residential REIT, Inc. Reports Financial Results for the Quarter Ended September 30, 2019

ARMOUR Residential REIT, Inc. (ARR) 
US:NYSE Investor Relations: armourreit.com
Company Research Source: GlobeNewswire
VERO BEACH, Florida, Oct. 23, 2019 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PB) (“ARMOUR” or the “Company”) today announced financial results for the quarter ended September 30, 2019. Q3 2019 Highlights and Financial Information $(61.0) million ($(1.09) per Common share) net loss under Generally Accepted Accounting Principles (“GAAP”) based on 59,076,935 weighted average diluted Common shares outstanding$35.9 million ($0.55 per Common share) Core Income including “Drop Income” (as defined below), which represents an annualized return of 10.4% based on stockholders’ equity at the beginning of the quarter$0.51 per Common share dividends for Q3 at the rate of $0.17 per monthCore Income exceeded dividends paid for the thirteenth straight quarter330,000 Common shares repurchased; current remaining repurchase authorization of 8,295,000 shares696,479 shares of 7.875% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) issued3.6% average Show less Read more
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