ARMOUR Residential REIT, Inc. Announces Updated Estimated Book Value
ARMOUR Residential REIT, Inc. (ARR) reported an estimated book value per common share between $20.96 and $21.06 as of February 29, 2024.
The recent announcement by ARMOUR Residential REIT, Inc. regarding its estimated book value per common share is a key metric for investors and analysts. Book value is a measure of the net asset value of a company, calculated as total assets minus intangible assets and liabilities. It provides an insight into what shareholders might expect to receive if the company were liquidated. The range provided, $20.96 to $21.06, suggests a stable financial position, although investors will compare this with past figures and the current market price of the shares to assess the potential for investment.
It is essential to consider the company's historical book value trends and how these figures align with market expectations. A book value that is significantly lower than the market price could indicate that the stock is overvalued, while a book value near or above the market price may suggest undervaluation. Additionally, the stability of the book value over time can signal the company's resilience to market volatility, which is particularly relevant for a real estate investment trust (REIT) given the cyclical nature of real estate markets.
ARMOUR Residential REIT's disclosure of its book value is particularly pertinent to stakeholders within the real estate sector. As a REIT, ARMOUR's portfolio consists of mortgage-backed securities and its value is inherently linked to the performance of the housing market and interest rate fluctuations. The reported range indicates that the company has a solid grasp on its asset valuation, which can be reassuring for investors who rely on the stability and predictability of returns from real estate investments.
Moreover, the book value per share is an important indicator for evaluating a REIT's performance relative to its peers. It can reflect the management's effectiveness in property selection and capital appreciation. However, investors should also consider the company's dividend yield and payout ratio, as these are crucial factors for REITs, given their requirement to distribute a significant portion of income to shareholders.
03/01/2024 - 04:21 PM
VERO BEACH, Florida, March 01, 2024 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced that as of February 29, 2024, the Company estimated that book value per common share was between $20.96 and $21.06 .
About ARMOUR Residential REIT, Inc.
ARMOUR invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or guaranteed by the Government National Mortgage Association. ARMOUR is externally managed and advised by ARMOUR Capital Management LP, an investment advisor registered with the Securities and Exchange Commission (“SEC”).
Safe Harbor
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. The Company disclaims any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Additional Information and Where to Find It
Investors, security holders and other interested persons may find additional information regarding the Company at the SEC’s internet site at www.sec.gov www.armourreit.com
Contact:
Investors:
Investors@armourreit.com
Media:
Meaghan Repko/Mahmoud Siddig/Tim Ragones
What is the estimated book value per common share for ARMOUR Residential REIT, Inc. (ARR) as of February 29, 2024?
ARMOUR Residential REIT, Inc. (ARR) reported an estimated book value per common share between $20.96 and $21.06 as of February 29, 2024.
What is the stock ticker symbol for ARMOUR Residential REIT, Inc.?
The stock ticker symbol for ARMOUR Residential REIT, Inc. is ARR.
ARMOUR Residential REIT Inc
ARR Rankings
#4628 Ranked by Stock Gains
ARR Stock Data
Industry
Other Financial Vehicles
Sector
Finance and Insurance
Tags
Finance, Real Estate Investment Trusts, Finance and Insurance, Other Financial Vehicles
Country
US
City
Vero Beach
About ARR
ARMOUR Residential REIT, Inc. (NYSE: ARR) is a Maryland corporation incorporated in 2008. ARMOUR and its subsidiaries are managed by ARMOUR Capital Management LP, an investment advisor registered with the SEC. We invest primarily in residential mortgage backed securities issued or guaranteed by a United States Government-sponsored entity, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or guaranteed by the Government National Mortgage Administration (Ginnie Mae) (collectively, “Agency Securities”). Our Agency Securities consist primarily of fixed rate loans. The remaining are either backed by hybrid adjustable rate or adjustable rate loans. From time to time we may also invest in Interest-Only Securities, U.S. Treasury Securities and money market instruments.
