ARMOUR Residential REIT, Inc. (ARR-PC) NYSE

21.95

+0.0099(+0.05%)

Updated at August 18 03:11PM

Currency In USD

ARMOUR Residential REIT, Inc.

Address

3001 Ocean Drive

Vero Beach, FL 32963

United States of America

Phone

772 617 4340

Sector

Real Estate

Industry

REIT - Mortgage

Employees

22

First IPO Date

January 27, 2020

Key Executives

NameTitlePayYear Born
Mr. Scott Jeffrey Ulm J.D.Chief Executive Officer and Vice Chairman01958
Mr. Gordon Mackay Harper CPAChief Financial Officer, Secretary & Controller01967
Mr. Desmond E. MacauleyCo-Chief Investment Officer & Head of Risk Management01970
Mr. Sergey Losyev C.F.A., CFACo-Chief Investment Officer01982
Shane RandHead of Trading & Senior Portfolio Manager0N/A

Description

ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. The company's securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. It also invests in other securities backed by residential mortgages for which the payment of principal and interest is not guaranteed by a GSE or government agency. The company has elected to be taxed as a real estate investment trust under the Internal Revenue Code. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. ARMOUR Residential REIT, Inc. was incorporated in 2008 and is based in Vero Beach, Florida.