Armour Residential REIT, Inc. has released its monthly update for January 2025, providing key data and portfolio information as of December 31, 2024. The company's common stock price stood at $18.86, with a debt-equity ratio of 7.9 and an implied leverage of 8.0. The book value per common share ranged from $18.97 to $19.17 in Q4 2024.
The total liquidity of Armour Residential REIT, Inc. was reported at $608.0 million as of December 31, 2024. The company declared a common dividend of $0.24 for January 2025, with an ex-dividend date of January 15, 2025, and a pay date of January 30, 2025.
Regarding the company's portfolio composition, agency CMBS accounted for 4.1% of the portfolio, with an estimated value of $513 million and an effective duration using current values of 4.77. The majority of the portfolio was comprised of 30-year fixed-rate pools, representing 95.9% of the portfolio by value.
In terms of repurchase agreements, Armour had principal borrowed of $5,342 million, with 47.6% of repo positions held with Buckler Securities LLC and the remaining 52.4% with other counterparties. The weighted average original term for the repo agreements was 37 days, with a weighted average remaining term of 16 days.
Armour also disclosed details about its interest rate swaps, with notional amounts ranging across different maturity periods. The total notional amount for the interest rate swaps was $7,232 million, with a weighted average remaining term of 76 months and a weighted average rate of 1.66%.
It's important to note that the portfolio data was reported as of December 31, 2024, except for the CPR (conditional prepayment rate), which was as of January 7, 2025. This information provides an insight into the company's financial position and performance during the specified period. 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 $18.66. For the full picture, make sure to review ARMOUR Residential REIT's 8-K report.
