Armour Residential REIT, Inc. has released its monthly update for September 2024, providing key data and portfolio information as of August 31, 2024. Let's dive into the specific metrics to understand the company's performance and position.
Common Stock Price: The common stock price stood at $20.45, indicating the market valuation of the company's equity.
Debt-Equity and Implied Leverage: The debt-equity ratio was reported at 7.4, while the implied leverage stood at 7.9, reflecting the company's leverage position.
Total Liquidity: Armour reported total liquidity of $630.7 million as of August 31, 2024, indicating the availability of funds for its operations and investment activities.
Dividend Information: The common dividend for September 2024 was $0.24 per share. The ex-dividend date was set for September 16, 2024, with a pay date of September 27, 2024.
Portfolio Composition: The portfolio composition included agency CMBS, 30-year fixed rate pools, conventionals, and Ginnie Mae securities, with their respective percentages and current values provided.
Armour Repo: The company disclosed details about its repurchase agreements, including the principal borrowed, percentage of repo positions with Armour, and various average terms.
Armour Interest Rate Swaps: Details of the interest rate swaps maturity, notional amount, weighted average remaining term, and weighted average rate were provided, offering insights into the company's interest rate risk management strategies.
These metrics provide a comprehensive view of Armour Residential REIT, Inc.'s financial and investment position as of August 31, 2024. It's essential for stakeholders and investors to consider these specific figures when assessing the company's performance and prospects. As a result of these announcements, the company's shares have moved 1.0% on the market, and are now trading at a price of $20.76. For more information, read the company's full 8-K submission here.
