Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Corporate Update (March 2018)
9 slides from Armour Residential Reit's corporate update, Mar 14, 2018
Slide 1: ARMOUR Residential REIT Company Update
ARMOUR RESIDENTIAL REIT, Inc. Company Update 03/14/2018 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 f
Slide 2: 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-looking statements made within the meaning of Section 21E of the Secur
Slide 3: ARMOUR Key Metrics
3 (1) Leverage does not include TBA dollar rolls or forward settling transactions. Market Date 12/31/17 1/31/18 2/28/18 Common Stock Price $25.72 $23.41 $21.42 Estimated Book Value $26.62 $25.84 $24.83 Common Shares Outstanding 41,877,404 41,877,404 41,877,404 Preferred A Shares Outstanding 2,180,57
Slide 4: Capitalization, Dividend Policy and Governance
4 Capitalization Common Stock Dividend Policy Shareholder Alignment Transparency and Governance ARMOUR REIT Manager • Total capitalization of $1,253.6 million composed of: ◦ Estimated book value of common stock of $1,039.8 million. ◦ Preferred stock par value of $213.7 million. • ARMOUR pays common
Slide 5: ARMOUR Balance Sheet Metrics
5 Equity Allocation Duration Hedging Liquidity Leverage • ARMOUR invests in mortgage-related assets and U.S. government securities. Allocation of equity in repo is: ◦ 60.7% in Agency securities. ◦ 39.1% in Credit Risk and Non-Agency securities. ◦ 0.1% in US Treasuries. • 0.60 net balance sheet durat
Slide 6: ARMOUR Portfolio & Hedge Positioning
6 Information as of 02/28/2018. Portfolio value is based on independent third-party pricing. Information includes estimates of the effect of forward settling trades. Some totals may not foot due to rounding. ARMOUR Portfolio & Hedge Positioning Securities % of Portfolio Current Value (millions) Weig
Slide 7: Repo Counter-Party Exposure
7 (1) Affiliated with ARMOUR. Information as of 02/28/2018. Some totals may not foot due to rounding. Repo Counter-Party Principal Borrowed (millions) Percentage of Repo Positions with ARMOUR Weighted Average Original Term in Days Weighted Average Remaining Term in Days Longest Remaining Term in Day
Slide 8: ARMOUR Portfolio Constant Prepayment Rates
8 Constant Prepayment Rate ("CPR") is the annualized equivalent of single monthly mortality ("SMM"). CPR attempts to predict the percentage of principal that will prepay over the next twelve months based on historical principal pay downs. CPR is reported on the 4th business day of the month for the
Slide 9: ARMOUR Residential REIT, Inc. Contact
ARMOUR Residential REIT, Inc. 3001 Ocean Drive Suite 201 Vero Beach, FL 32963 armourreit.com 772-617-4340
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