Stock Pulse
Armour Residential REIT (ARR) reported a Q4 2024 GAAP net loss of $49.4 million ($0.83 per share), but distributable earnings were $46.5 million ($0.78 per share) [6], [9], [10]. While revenue exceeded estimates, earnings missed Zacks Consensus Estimate by 22.77% [8]. ARR maintained its $0.24 monthly dividend and announced future dividends for January and March 2025 [1], [3], [5], but book value decreased to $19.07 per share [6]. The company raised over $259 million through at-the-market offerings, but this was dilutive to book value [6], [10]. While Zacks research suggests ARR is undervalued based on several metrics [2], Q4 results combined with the company's and industry's underperformance present headwinds [8]. Management remains confident, citing attractive portfolio yields and proactive hedging strategies [9], [10].