Armour Residential Reit, Inc. · NYSE:ARR

Armour Residential Reit — Corporate Update (September 2023)

8 slides from Armour Residential Reit's corporate update, Sep 14, 2023

  1. Slide 1: ARMOUR Residential REIT, Inc. Company Update

    ARMOUR RESIDENTIAL REIT, Inc. Company Update 9/14/2023 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

  2. Slide 2: • Certain statements made in this presentation regarding ARMOUR Residential REIT, Inc. (“ARMOUR” or

    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-looking statements” made within the meaning of the safe harbor provis

  3. Slide 3: ARMOUR Overview

    3 Stockholders' Equity and Liquidity Dividend Policy Shareholder Alignment Transparency and Governance ARMOUR REIT Manager • Stockholders' Equity as of June 30, 2023 totaled $1.3 billion, including the 7.00% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred") with liquidation prefe

  4. Slide 4: ARMOUR Portfolio and Financing Composition

    4 ARMOUR Portfolio Securities % of Portfolio Current Value (millions) Weighted Average Book Price Weighted Average Market Price Weighted Average Net/Gross Coupon Estimated Effective Duration Agency Multifamily Ballooning in 120 Months or Less 4.8% $595 99.8% 97.0% 4.48/5.36 7.90 Agency Fixed Rates M

  5. Slide 5: ARMOUR Hedging Composition

    5 Information as of 08/31/2023. Some totals may not foot due to rounding. ARMOUR Hedging Composition 6 Remaining Term (in months) N ot io na l ( in m ill io ns ) Interest Rate Swap Breakdown by Months to Maturity 0 - 12 M on th s 13 - 2 4 M on th s 25 - 3 6 M on th s 37 - 4 8 M on th s 49 - 6 0 M on

  6. Slide 6: ARMOUR's Agency Portfolio Constant Prepayment Rates (CPR)

    6 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 next twelve months based on historical principal pay downs. CPR is reported on the 4th business day of the month for the

  7. Slide 7: ARMOUR Net Interest Margin

    7ARMOUR Net Interest Margin Pe rc en t Asset Yield Cost of Funds including Hedges Net Interest Margin 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1 2 3 4 Information as of Q2 2023.

  8. Slide 8: ARMOUR Residential REIT, Inc.

    ARMOUR Residential REIT, Inc. 3001 Ocean Drive Suite 201 Vero Beach, FL 32963 armourreit.com 772-617-4340

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