Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Corporate Update (March 2020)
9 slides from Armour Residential Reit's corporate update, Mar 13, 2020
Slide 1: ARMOUR Residential REIT Company Update 3/13/20
ARMOUR RESIDENTIAL REIT, Inc. Company Update 3/13/20 ARMOUR seeks to create shareholder value through thoughtful investment and risk management that produces current yield and superior risk adjusted returns over the long term. Our focus on residential real estate finance supports home ownership for
Slide 2: Important Regulatory and Yield Estimate Risk Disclosures
PLEASE READ: Important Regulatory and Yield Estimate Risk Disclosures 2 • Certain statements made in this presentation regarding ARMOUR Residential REIT, Inc. (“ARMOUR” or the “Company”), and any other statements regarding ARMOUR’s future expectations, beliefs, goals or prospects constitute forward-
Slide 3: ARMOUR Overview
ARMOUR Overview 3 ARMOUR invests in and manages a leveraged portfolio of mortgage-related assets and U.S. government securities. 1 Capitalization • Total capitalization of $1,374.0 million composed of: ◦ Estimated book value of common stock of $1,252.8 million. ◦ Preferred stock par value of $121.2
Slide 4: Key Metrics
ARMOUR Key Metrics 4 Market Date 2/28/20 1/31/20 12/31/19 9/30/19 06/30/19 03/31/19 Common Stock Price $18.08 $19.26 $17.87 $16.75 $18.64 $19.53 Estimated Book Value(1) $21.26 $21.04 $20.84 $20.43 $20.50 $21.29 Common Shares Outstanding 58,927,098 58,877,848 58,877,848 58,889,758 59,192,390 59,791,8
Slide 5: Net Interest Margin
ARMOUR Net Interest Margin 5 Net Interest Margin Analysis 4 3 Asset Yield Cost of Funds NIM Q1 2017 2.93% 1.32% 1.61% t Q2 2017 3.11% 1.39% 1.72% n e c Q3 2017 3.06% 1.42% 1.64% r 2 e P Q4 2017 3.02% 1.47% 1.55% Q1 2018 3.05% 1.53% 1.52% 1 Q2 2018 3.13% 1.57% 1.56% Q3 2018 3.46% 1.82% 1.64% Q4 2018
Slide 6: Portfolio
ARMOUR Portfolio 6 Estimated % of Current Value Weighted Average Weighted Average Weighted Average Effective Securities Portfolio (millions) Book Price Market Price Net/Gross Coupon Duration Agency ARMs & Hybrids 0.3% $36.2 104.8% 103.6% 3.53/4.13 1.18 Agency Multifamily Ballooning in 120 Months or
Slide 7: Hedge & Financing Composition
ARMOUR Hedge & Financing Composition 7 Interest Rate Swaps Remaining Term (Months) 0-12 13-24 25-36 37-48 49-60 61-72 73-84 85-96 97-108 109-120 Total Weighted Average Remaining Term (Months) 9 21 33 44 55 — 81 — — 116 49 Notional Amount (millions) $1,675 $75 $1,775 $1,150 $925 — $1,350 — — $875 $7,
Slide 8: Portfolio Constant Prepayment Rates (CPR)
ARMOUR Portfolio Constant Prepayment Rates ("CPR") 8 Trailing Twelve Month Portfolio CPR* 25 20 15 10 5 0 9 9 9 9 9 9 9 9 9 9 0 0 0 1 1 1 1 1 1 1 1 1 1 2 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 2 2 2 2 2 2 2 2 2 2 2 2 2 h il y e ly st r r r r y y h rc r a n u u e e e e ar ar rc a p M u J g b b b b u u a A J u
Slide 9: ARMOUR Residential REIT contact details
ARMOUR Residential REIT, Inc. 3001 Ocean Drive Suite 201 Vero Beach, FL 32963 armourreit.com 772-617-4340
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