- Q1 core income of $30.3M or $0.72 per share vs. $47.7M and $1.10 in Q4. Dividends of $0.33 per month, or $0.99 for the quarter. Dividend for April is $0.27 and $0.22 is declared for May and June.
- $85.2M purchase of Javelin Mortgage completed during quarter.
- Book value per share of $24.48 falls from $28 three months ago. Last night's close of $21.05 is a 14% discount to book. April 29 book value is estimated at $25.52.
- Economic return of negative $2.53 per share during quarter, or 36% annualized.
- Previously: ARMOUR Residential REIT misses by $0.19 (May 2)
- ARR -3.6% premarket o $20.30.
- Related: Thoughts On A Handful Of mREITs And The State Of The Industry (Week 29) (May 3)
Armour Residential slumps after results, dividend cut
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Symbol | Last Price | % Chg |
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ARR | - | - |
ARMOUR Residential REIT, Inc. |