Overview

* ARMOUR reports Q2 GAAP net loss of $78.6 mln, $0.94 per share

* Book value per common share falls to $16.90 from $18.59 in Q1

* Raised $104.6 mln capital via at-the-market offering program

Result Drivers

* CAPITAL RAISE - Co raised $104.6 mln through at-the-market offering program

* INTEREST SPREAD - Economic net interest spread was 1.82%, reflecting income and expense differences

* PORTFOLIO COMPOSITION - 94.1% of portfolio comprised of Agency MBS, influencing financial results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $64.90

Distribu mln

table

Earnings

Q2 Net $33.10

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy."

* Wall Street's median 12-month price target for ARMOUR Residential REIT Inc ( ARR/PC ) is $18.00, about 7.3% above its July 22 closing price of $16.68

* The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)