ARMOUR Residential REIT swings to Q2 profit of $111.5 million; total economic return rises to 4.8% - ARR News | RalliesARMOUR Residential REIT swings to Q2 profit of $111.5 million; total economic return rises to 4.8%
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ARR• Quarterly profit and return improve
- ARMOUR Residential REIT posted Q2 GAAP net income attributable to common stockholders of USD 111.5 million, or USD 0.86 per share.
- Book value per share rose 0.6% from Q1 to USD 17.53; total economic return for the quarter was 4.8%.
- Net interest income increased to USD 76.8 million; economic net interest spread narrowed 2 basis points from Q1 to 1.82%.
- Non-GAAP distributable earnings available to common stockholders fell to USD 93.2 million, or USD 0.72 per share, from USD 0.76 in Q1.
- The company issued 12,714,990 common shares for USD 218.7 million; CEO Scott Ulm cited systematic hedging and stress-tested liquidity.
