ARMOUR Residential REIT Stock

ARMOUR Residential REIT, Inc. (ARMOUR) operates as a real estate investment trust (REIT).

The company is managed by ARMOUR Capital Management LP (ACM), an investment advisor registered with the Securities and Exchange Commission (SEC).

Assets

As of December 31, 2022, the company invested in mortgage backed securities (MBS), issued or guaranteed by a United States (U.S.) Government-sponsored entity (GSE), such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or a government agency, such as Government National Mortgage Administration (Ginnie Mae) (collectively, Agency Securities). The company’s Agency Securities consist primarily of fixed rate loans. The remaining are either backed by hybrid adjustable rate or adjustable rate loans. The company has also invested in credit risk and non-agency securities, interest-only securities, the U.S. treasury securities, and money market instruments.

The company owns a 10.8% equity interest in BUCKLER Securities LLC (BUCKLER), a Delaware limited liability company and a FINRA (Financial Industry Regulatory Authority)-regulated broker-dealer, controlled by ACM.

Strategies

The company’s focus on residential real estate finance supports home ownership for a broad and diverse spectrum of Americans by bringing private capital into the mortgage markets.

Tax Status

The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. As a result, the company is not subject to Federal or State income taxation at the corporate level to the extent it distributes annually approximately 90% of its REIT taxable income to its shareholders and satisfies certain other requirements.

History

ARMOUR Residential REIT, Inc., a Maryland corporation, was founded in 2008. The company was incorporated in 2008.