Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Corporate Update (February 2018)
10 slides from Armour Residential Reit's corporate update, Feb 14, 2018
Slide 1: ARMOUR Residential REIT Company Update 2/14/18
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 a broad and diverse spectrum of Americans by bringing
Slide 2: Important Regulatory and Yield Estimate Risk Disclosures
PLEASE READ: Important Regulatory and Yield Estimate Risk Disclosures 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-look
Slide 3: NIM Breakdown and ARMOUR Key Metrics
NIM Breakdown 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 4Q 17 ARMOUR Key Metrics Market Date 11/30/17 12/31/17 1/31/18 Common Stock Price $25.29 $25.72 $23.41 Estimated Book Value $26.37 $26.62 $25.84 Common Shares Outstanding(1) 41,876,625 41,877,404 41,877,404 Preferr
Slide 4: Overview, Governance, Dividend Policy and Capitalization
ARMOUR Overview Transparency and Governance ARMOUR REIT Manager Common Stock Dividend Policy Capitalization Information as of 1/31/18. • Total Capitalization of $1,295.8 million composed of: ◦ Estimated book value of common stock of $1,082.1 million. ◦ Preferred stock par value of $213.7 million. •
Slide 5: Balance Sheet Metrics
ARMOUR Balance Sheet Metrics • ARMOUR invests in mortgage securities. Allocation of equity in repo is: ◦ 61.8% in Agency securities. ◦ 38.0% in Credit Risk and Non-Agency securities. ◦ 0.2% in US Treasuries. Equity Allocation Duration Leverage Information as of 1/31/18. 5 (1) Leverage does not inclu
Slide 6: Portfolio
ARMOUR Portfolio Information as of 1/31/18. 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. 6 Securities % ofPortfolio Current Value (millions) Weighted Average Book Price
Slide 7: Hedge Portfolio
ARMOUR Hedge Portfolio Information as of 1/31/18. Some totals may not foot due to rounding. Interest Rate Swaps Remaining Term (Months) Weighted Average Remaining Term (Months) Notional Amount (millions) Weighted Average Rate 0-12 4 $ 50.0 0.92 13-24 22 $ 550.0 1.21 25-36 29 $ 675.0 1.48 37-48 36 $
Slide 8: Repo Composition
ARMOUR Repo Composition Information as of 1/31/18. 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 1 ABN AMRO Bank N.V. $ 379.1 5.0% 53 2
Slide 9: Monthly Portfolio CPR Since 2017
9 Monthly Portfolio CPR Since 2017 15 10 5 0 Jan ua ry 20 17 Fe bru ary 20 17 Ma rch 20 17 Ap ril 20 17 Ma y 2 01 7 Jun e 2 01 7 Jul y 2 01 7 Au gu st 20 17 Se pte mb er 20 17 Oc tob er 20 17 No ve mb er 20 17 De ce mb er 20 17 Jan ua ry 20 18 10.7 7.3 6.1 7.8 5.8 7.4 7.5 6.8 7.0 6.2 8.6 6.2 7.0 Jan
Slide 10: ARMOUR Residential REIT, Inc. contact details
www.armourreit.com ARMOUR Residential REIT, Inc. 3001 Ocean Drive Suite 201 Vero Beach, FL 32963 772-617-4340
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