REIT that invests primarily in residential mortgage-backed securities (RMBS) issued or guaranteed by U.S. Government agencies.
ARMOUR Residential REIT, Inc. specializes in investing in residential mortgage-backed securities (MBS) across the United States. The company's portfolio primarily comprises securities issued or guaranteed by Government-sponsored entities (GSEs) like Fannie Mae, Freddie Mac, and securities backed by the Government National Mortgage Association (GNMA). These securities are collateralized by fixed-rate, hybrid adjustable-rate, and adjustable-rate home loans. Additionally, ARMOUR holds unsecured notes and bonds issued by GSEs and U.S. Treasuries, along with investments in other residential mortgage-backed securities not backed by a GSE or government agency.
As a real estate investment trust (REIT) under the Internal Revenue Code, ARMOUR Residential REIT, Inc. enjoys tax advantages, particularly exemption from corporate income tax on the portion of its net income distributed to shareholders. This favorable tax structure is contingent upon distributing at least 90% of its taxable income to its shareholders annually.
Established in 2008 and headquartered in Vero Beach, Florida, ARMOUR Residential REIT, Inc. strategically positions itself in the market to benefit from the income generated by its portfolio of residential mortgage-backed securities. The company's investment strategy focuses on maximizing returns while managing risks associated with interest rate fluctuations and credit performance in the residential mortgage market.
Driven by a commitment to shareholder value and sound financial stewardship, ARMOUR Residential REIT, Inc. continues to navigate the complexities of the real estate and financial markets, leveraging its expertise to capitalize on opportunities for growth and profitability.