Armour Residential REIT, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Operating Expenses $37.5m $35.8m $37.0m $38.5m $40.8m $43.5m $45.6m $50.2m $60.2m $61.3m
Additional Financial Items
Debt Securities, Gain (Loss) $0 $386.7m $19.6m ($77.1m) ($946.7m) ($52.7m) ($348.6m) $514.8m
Debt Securities, Trading, Gain (Loss) $190.9m $159.9m $128.9m $151.3m $19.6m ($77.1m) ($946.7m) ($52.7m) ($348.6m) $514.8m
Interest Income, Debt Securities, Operating $190.9m $159.9m $283.1m $439.6m $169.8m $80.8m $228.4m $552.9m $550.9m $800.4m
Investment Company, Contractual Fee Waived $128.9m $151.3m $8.9m $8.6m $7.8m $6.6m $6.6m $6.6m
Preferred Stock Dividends, Income Statement Impact $15.6m $15.9m $17.0m $15.6m $9.8m $11.5m $12.0m $12.0m $12.0m $12.0m
Gain (Loss) on Derivative Instruments, Net, Pretax ($246.2m) $16.6m $1.8m ($350.1m) ($284.2m) $52.2m $810.8m $51.7m $323.5m ($285.7m)
Net Income (Loss) Attributable to Parent ($45.5m) $181.2m ($106.0m) ($249.9m) ($215.1m) $15.4m ($229.9m) ($67.9m) ($14.4m) $322.7m
Net Income (Loss) Available to Common Stockholders, Basic ($61.1m) $165.3m ($123.0m) ($265.5m) ($224.9m) $3.9m ($241.9m) ($79.9m) ($26.4m) $310.6m
Earnings Per Share, Basic ($1.67) $4.22 ($2.92) ($4.59) ($3.57) $0.05 ($2.05) ($1.86) ($0.51) $3.31
Earnings Per Share, Diluted ($1.67) $4.17 ($2.92) ($4.59) ($3.57) $0.05 ($2.05) ($1.86) ($0.51) $3.30
Common Stock, Dividends, Per Share, Declared $3.02 $2.28 $2.28 $2.16 $1.20 $1.20 $1.20 $5.00 $2.88 $2.88
Weighted Average Number of Shares Outstanding, Basic 36.7m 39.2m 42.1m 57.8m 63.1m 79.5m 118.0m 43.1m 52.2m 93.9m
Weighted Average Number of Shares Outstanding, Diluted 36.7m 39.6m 42.1m 57.8m 63.1m 80.3m 118.0m 43.1m 52.2m 94.3m
Interest Expense, Securities Sold under Agreements to Repurchase $73.1m $94.6m $154.2m $288.2m $62.9m $7.0m $120.8m $525.8m $524.1m $642.1m
Labor and Related Expense $2.3m $2.3m $3.8m $3.9m $5.6m $6.6m $5.5m $4.9m $4.7m $3.6m
Management Fee Expense $38.2m $39.7m $45.5m
Other Expenses $2.9m $1.5m
Income Tax Expense (Benefit) $25k
Interest Income (Expense), Net $190.9m $159.9m $128.9m $151.3m $106.8m $73.7m $107.6m $27.1m $26.8m $158.3m
Other Operating Income (Expense), Net ($367k) ($1.5m) ($1.1m) ($2.3m) ($6.4m) ($7.0m) ($15.8m) ($12.3m)