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ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. The company has elected to be taxed as a real estate investment trust. ARMOUR Residential REIT, Inc. was incorporated in 2008 and is based in Vero Beach, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $332M | - | $323M | $124M | 14.3% | -69550.2% | -2341.8% |
| 2024 | $-0M | - | $-14M | $261M | -1.1% | -99.2% | -78.8% |
| 2023 | $-63M | - | $-68M | $133M | -5.3% | -72.3% | -70.5% |
| 2022 | $-226M | - | $-230M | $124M | -20.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | -225.87 | -62.56 | -0.48 | 331.97 |
| Operating Revenue | - | -225.87 | -62.56 | -0.48 | 331.97 |
| Selling General And Administration | - | 5.48 | 4.94 | 4.74 | 3.56 |
| Interest Income | - | 228.43 | 552.90 | 550.95 | 800.42 |
| Interest Expense | - | 120.77 | 525.79 | 524.15 | 642.08 |
| Net Interest Income | - | 107.66 | 27.11 | 26.80 | 158.34 |
| Other Non Operating Income Expenses | -2.34 | -6.37 | - | - | - |
| Pretax Income | - | -229.93 | -67.92 | -14.39 | 322.69 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 1.39 |
| Net Income Continuous Operations | - | -229.93 | -67.92 | -14.39 | 322.69 |
| Net Income From Continuing And Discontinued Operation | - | -229.93 | -67.92 | -14.39 | 322.69 |
| Net Income From Continuing Operation Net Minority Interest | - | -229.93 | -67.92 | -14.39 | 322.69 |
| Net Income | - | -229.93 | -67.92 | -14.39 | 322.69 |
| Net Income Common Stockholders | - | -241.91 | -79.90 | -26.38 | 310.65 |
| Net Income Including Noncontrolling Interests | - | -229.93 | -67.92 | -14.39 | 322.69 |
| Normalized Income | - | -237.73 | -74.52 | -20.99 | 317.47 |
| Diluted NI Availto Com Stockholders | - | -241.91 | -79.90 | -26.38 | 310.65 |
| Basic Average Shares | - | 23.59 | 43.05 | 52.16 | 93.94 |
| Diluted Average Shares | - | 23.59 | 43.05 | 52.16 | 94.27 |
| Total Unusual Items | - | 7.80 | 6.60 | 6.60 | 6.60 |
| Total Unusual Items Excluding Goodwill | - | 7.80 | 6.60 | 6.60 | 6.60 |
| Preferred Stock Dividends | - | 11.98 | 11.98 | 11.98 | 12.04 |
| Special Income Charges | - | 7.80 | 6.60 | 6.60 | 6.60 |
| Other Special Charges | - | -7.80 | -6.60 | -6.60 | -6.60 |
| Gain On Sale Of Security | - | 646.90 | 1.18 | 361.10 | -295.74 |
| General And Administrative Expense | - | 5.48 | 4.94 | 4.74 | 3.56 |
| Salaries And Wages | - | 5.48 | 4.94 | 4.74 | 3.56 |
| Insurance And Claims | 0.79 | - | - | - | - |
| Professional Expense And Contract Services Expense | 2.67 | - | - | - | - |
| Other Non Interest Expense | - | 6.37 | 7.02 | 15.78 | 12.32 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| ARMOUR Residential REIT, Inc.this co. | ARR | $2.1B | 6.62↓ discount | 0.94 | 14.3% | - |
| LXP Industrial Trust | LXP | $3.0B | 26.93 | 1.57 | 5.8% | 10.60 |
| Medical Properties Trust, Inc. | MPT | $3.0B | - | 0.65 | -6.0% | 15.11 |
| Urban Edge Properties | UE | $3.0B | 31.72 | 2.30 | 7.3% | 14.67 |
| Uniti Group Inc. | UNIT |
| - |
| - |
| - |
| - |
| - |
| - |
| $2.9B |
| 2.19 |
| 7.53 |
| 343.1% |
| 5.29 |
| Four Corners Property Trust, Inc. | FCPT | $2.6B | 23.38 | 1.61 | 6.9% | 17.00 |
| DiamondRock Hospitality Company | DRH | $2.4B | 23.35 | 1.64 | 7.0% | 12.70 |
| Global Net Lease, Inc. | GNL | $2.0B | -8.83 | 1.20 | -13.6% | 14.08 |
| Getty Realty Corp. | GTY | $1.9B | 24.60 | 1.82 | 7.4% | 15.60 |
| Peer Median | - | 23.38 | 1.63 | 7.0% | 14.37 | |