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Armour Residential (ARR): Q1 core EPS of $0.18 misses by $0.05. Book value of $6.69/share, down...

Armour Residential (ARR): Q1 core EPS of $0.18 misses by $0.05. Book value of $6.69/share, down from $7.29 on Dec. 31 (was estimated at $6.70-$6.76 on Feb. 13). Net interest margin of 1.35% off 20 bps from Q4. CPR of 15.7% vs. 14.1% in Q4. Shares -1.55% AH. (PR)
Comments (7)
  • jmacjohn
    , contributor
    Comments (36) | Send Message
     
    Think I'm done with REITs!
    2 May 2013, 11:18 PM Reply Like
  • Cavalaw
    , contributor
    Comments (123) | Send Message
     
    jmacjohn.

     

    It was worse back in November....if you are not in for the long term. then Reits are not for you
    2 May 2013, 11:50 PM Reply Like
  • asrussell96
    , contributor
    Comments (3) | Send Message
     
    I am in for the long term. REITs will come back and I will be ready
    3 May 2013, 08:28 AM Reply Like
  • spetty
    , contributor
    Comments (6) | Send Message
     
    Love to see so many getting out of REITs...what a great opportunity for those who do not or who want to jump in.
    3 May 2013, 08:49 AM Reply Like
  • tnovak
    , contributor
    Comments (18) | Send Message
     
    The 1st quarter decline in book value may be a small harbinger of what happens if/when the Fed changes its low interest rate policy. BV collapses, rate spreads go negative and investors screwed. Profits have been great with MREIT'S the last 2 -3 years, but its time to move on.
    3 May 2013, 08:52 AM Reply Like
  • RoberHD05
    , contributor
    Comments (67) | Send Message
     
    Go ahead and sell off. That just drives the price down for me. The better managed mREITs are paying me well and I am staying long.
    3 May 2013, 10:26 AM Reply Like
  • galanh82
    , contributor
    Comment (1) | Send Message
     
    As long as you're satisfied by dividends covering your loss, you're all set!
    3 May 2013, 03:09 PM Reply Like
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