Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Corporate Update (November 2020)
8 slides from Armour Residential Reit's corporate update, Nov 13, 2020
Slide 1: ARMOUR Residential REIT Company Update
ARMOUR RESIDENTIAL REIT, Inc. Company Update 11/13/2020 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 f
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 manages an investment portfolio consisting of mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises (“GSEs”), Treasury securities, and cash. 1 Stockholders' Equity and Liquidity • Stockholders' Equity at the end of Q3 2020 totaled $892 mill
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 0.4% $28.2 102.0% 102.7% 3.09/3.71 0.95 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 1,500 Total Swap Position is $5.0B with a weighted average maturity of 55 months. 1,000 500 Secured Overnight No tional (in millions) Financing Rate Fed F
Slide 6: Agency Portfolio Constant Prepayment Rates (CPR)
ARMOUR's Agency Portfolio Constant Prepayment Rates ("CPR") 20 15 Monthly Portfolio CPR 10 November 2019 December 2019 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 Janu
Slide 7: Net Interest Margin Analysis thru Q3 2020
7 2020 2019 2018 2017 2016 Net Interest Margin Analysis thru Q3 2020 2015 2014 4 2013 3 2012 Asset Yield 2 Cost of Funds including Hedges rcent Pe 2011 Net Interest Margin 1 ARMOUR Net Interest Margin 2010 0
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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