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ARR| Name | Value |
|---|---|
| Revenues | 44.8M |
| Cost of Revenue | 2.3M |
| Gross Profit | 42.6M |
| Operating Expense | 1.3M |
| Operating I/L | 44.9M |
| Other Income/Expense | -2.0M |
| Interest Income | 134.8M |
| Pretax | 43.0M |
| Income Tax Expense | 3.0M |
| Net Income/Loss | 43.0M |
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.
