Name | Value |
---|---|
Revenues | 36.0M |
Cost of Revenue | 6.4M |
Gross Profit | 29.7M |
Operating Expense | -0.3M |
Operating I/L | 88.5M |
Other Income/Expense | -49.0M |
Interest Income | 77.5M |
Pretax | 39.4M |
Income Tax Expense | 61.0M |
Net Income/Loss | 39.4M |
ARMOUR Residential REIT, Inc. specializes in investing in residential mortgage-backed securities (MBS) in the United States. Its securities portfolio primarily includes securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans, as well as unsecured notes and bonds issued by government-sponsored entities and the United States treasuries. The company also invests in other securities backed by residential mortgages. By electing to be taxed as a real estate investment trust, ARMOUR Residential REIT, Inc. avoids corporate income tax on the portion of its net income distributed to shareholders, thus maximizing returns for investors.