Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Corporate Update (May 2020)
8 slides from Armour Residential Reit's corporate update, May 14, 2020
Slide 1: Company Update 5/14/2020
ARMOUR RESIDENTIAL REIT, Inc. Company Update 5/14/2020 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 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: 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 • March 31, 2020 stockholders' equity totaled $786 million, including the 7.00% Series C Cumulative Redeemable Preferred Stock ("Serie
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% 102.7% 3.40/3.96 1.34 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 ) s n $5.3B with a weighted o i l average maturity of 49 l 1,500 i months. m n i ( 1,000 l a Secured Overnight n n Financing
Slide 6: ARMOUR's Agency Portfolio Constant Prepayment Rates (CPR)
ARMOUR's Agency Portfolio Constant Prepayment Rates ("CPR") 6 Trailing Twelve Month Portfolio CPR 25 20 15 10 5 0 9 9 9 9 9 9 9 9 0 0 0 0 0 1 1 1 1 1 1 1 1 2 2 2 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 2 2 2 2 2 2 2 2 2 2 2 2 2 y e ly st r r r r y y h il y a n u u e e e e ar ar rc r a M u J g b b b b u u a p
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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