Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — JMP Securities Financial Services Conference 2023
8 slides from Armour Residential Reit's conference presentation, Nov 15, 2023
Slide 1: JMP Securities Financial Services Conference
JMP Securities Financial Services Conference 11/16/2023 ARMOUR Residential REIT, Inc. (“ARMOUR”; NYSE ticker ARR) brings private capital into the mortgage markets to support home ownership for a broad and diverse spectrum of Americans. We seek to create shareholder value through thoughtful investmen
Slide 2: Forward-looking statements and disclaimer
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 the safe harbor provis
Slide 3: ARMOUR Overview as of November 14, 2023
3 Stockholders' Equity, Liquidity, and Leverage Dividend Policy Shareholder Alignment Transparency and Governance ARMOUR REIT Manager • Book Value per Common Share was $20.74, after accrual of November dividends. ◦ Stockholder's Equity was $1.2 billion, including the 7.00% Series C Cumulative Redeem
Slide 4: ARMOUR Portfolio Securities
4 • Approximately 77% of ARMOUR's Agency Portfolio positions (excluding TBA positions) contain better convexity characteristics, including: ◦ 32% have loan-to-value ratios greater than 95%, FICO scores of less than 700 or seasoning of greater than 24 months. ◦ 22% have 100% loans in geographies with
Slide 5: ARMOUR Hedging Composition
5 Information as of 11/14/2023. Some totals may not foot due to rounding. ARMOUR Hedging Composition 6 Remaining Term (in months) N ot io na l ( in m ill io ns ) Interest Rate Swap Breakdown by Months to Maturity 0 - 12 M on th s 13 - 2 4 M on th s 25 - 3 6 M on th s 37 - 4 8 M on th s 49 - 6 0 M on
Slide 6: ARMOUR's Agency Portfolio Constant Prepayment Rates (CPR)
6 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 7: ARMOUR Net Interest Margin
7ARMOUR Net Interest Margin Pe rc en t Asset Yield Cost of Funds including Hedges Net Interest Margin 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1 2 3 4 Information as of Q3 2023.
Slide 8: 3001 Ocean Drive Suite Vero Beach, FL 32963 armourreit.com 772-617-4340
ARMOUR Residential REIT, Inc. 3001 Ocean Drive Suite 201 Vero Beach, FL 32963 armourreit.com 772-617-4340
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