Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Corporate Update (March 2019)
9 slides from Armour Residential Reit's corporate update, Mar 15, 2019
Slide 1: Company Update 3/15/19
ARMOUR RESIDENTIAL REIT, Inc. Company Update 3/15/19 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: Key Metrics
ARMOUR Key Metrics 3 ARMOUR invests in and manages a leveraged portfolio of mortgage-related assets and U.S. government securities. Market Date 12/31/2018 1/31/2019 2/28/19 NIM Breakdown 4.0 Common Stock Price $20.50 $21.02 $20.05 Estimated Book Value $20.86 $21.19 $21.10 3.5 Common Shares Outstandi
Slide 4: Overview
ARMOUR Overview 4 1 Capitalization • Total capitalization of $1,475.3 million composed of: ◦ Estimated book value of common stock of $1,261.5 million. ◦ Preferred stock par value of $213.7 million. 2 Dividend Policy • ARMOUR pays dividends monthly. • Dividends are typically announced on a monthly ba
Slide 5: Balance Sheet Metrics
ARMOUR Balance Sheet Metrics 5 1 Equity Allocation • ARMOUR invests in mortgage-related assets and U.S. government securities. Allocation of equity in repo is: ◦ 78.0% in Agency securities. ◦ 22.0% in Credit Risk and Non-Agency securities. 2 Duration • 0.20 net balance sheet duration. 3 Hedging • $9
Slide 6: Portfolio & Hedge Positioning
ARMOUR Portfolio & Hedge Positioning 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 0.4% $48.6 104.8% 103.4% 3.93/4.57 0.81 Agency Multifamily Ballooni
Slide 7: Repo Composition
ARMOUR Repo Composition 7 Weighted Weighted Average Average Longest Principal Borrowed Percentage of Repo Original Term in Remaining Remaining Repo Counter-Party (millions) Positions with ARMOUR Days Term in Days Term in Days 1 BUCKLER Securities LLC (1) $4,497.7 47.8% 25 10 46 2 ING Financial Marke
Slide 8: Portfolio Constant Prepayment Rates ("CPR")
ARMOUR Portfolio Constant Prepayment Rates ("CPR") 8 Trailing Twelve Month Portfolio CPR 10 February 2019 Agency Asset CPR* 10 & 15 Year Pass-Throughs 5.4 25 & 30 Year Pass-Throughs 5.4 5 Agency Multifamily 0.0 Portfolio Average 3.7 0 0 2 4 6 8 10 8 8 8 8 8 8 8 8 8 8 8 9 9 1 1 1 1 1 1 1 1 1 1 1 1 1
Slide 9: 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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