Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Corporate Update (June 2020)
8 slides from Armour Residential Reit's corporate update, Jun 12, 2020
Slide 1: ARMOUR Residential REIT Company Update
ARMOUR RESIDENTIAL REIT, Inc. Company Update 6/12/2020 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 fo
Slide 2: Important Note Regarding Forward Looking Statements and Estimates
PLEASE READ: Important Note Regarding Forward Looking Statements and Estimates 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
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 Stockholders' Equity and Liquidity • Stockholders' Equity at the end of Q1 2020 totaled $786 million, including the 7.00% Series C Cumulative Redeemable Preferred Stock
Slide 4: Portfolio Composition
ARMOUR Portfolio Composition 4 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 0.5% $33.7 102.0% 102.8% 3.40/3.96 1.22 Agency Multifamily Ballooning in 12
Slide 5: Hedging and Financing Composition
ARMOUR Hedging and Financing Composition 5 Interest Rate Swap Breakdown by Months to Maturity Interest Rate Swap Breakdown by Floating Rate Index 2,000 Total Swap Position is $5.3B with a weighted average maturity of 48 ) s n months. o i l l 1,500 i m n i ( 1,000 l a Secured Overnight n n Financing
Slide 6: Agency Portfolio Constant Prepayment Rates (CPR)
ARMOUR's Agency Portfolio Constant Prepayment Rates ("CPR") 2 5 2 0 1 5 Tr 1 a 0 i lin g Tw 5 el ve M o 0 n th P o June 2019 rt fo lio July 2019 C P R Constant Prepayment Rate ("CPR") is the annualized equivalent of single monthly mortality ("SMM").Aug uCPRst 2attempts019 to predict the percentage o
Slide 7: Net Interest Margin
ARMOUR Net Interest Margin 7 Net Interest Margin Analysis 4 3 t n e c r 2 e P 1 0 2 2 2 2 2 2 2 2 2 2 2 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 2 0 1 2 3 4 5 6 7 8 9 0 Asset Yield Cost of Funds including Hedges Net Interest Margin
Slide 8: Residential REIT, Inc. 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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