Armour Residential REIT: Fourth Quarter Earnings Overview

Armour Residential REIT Reports Strong Fourth-Quarter Results

Armour Residential REIT Inc., headquartered in Vero Beach, Florida, announced a net profit of $211.7 million for the fourth quarter, marking a turnaround from a loss during the same period last year.

The company achieved earnings of $1.86 per share for the quarter. When excluding one-time gains, adjusted earnings were 71 cents per share.

During this period, Armour Residential REIT generated $236.5 million in total revenue, with adjusted revenue totaling $50.4 million.

Looking at the full year, the company reported a net income of $322.7 million, or $3.30 per share, reflecting a return to profitability. Annual revenue reached $158.3 million.

Since the start of the year, Armour Residential REIT's stock price has experienced a modest decline. By the close of trading on Wednesday, shares stood at $17.68, representing a decrease of about 7% over the past year.