ARMOUR Residential REIT, Inc.
ARR
$18.72
$0.160.86%
Corporate Info
Website
Phone Number
772 617 4340
Address
3001 Ocean Drive
Suite 201
Vero Beach, FL 32963
Suite 201
Vero Beach, FL 32963
Country
United States
Year Founded
2008
Details
Sector
Financials
Industry
Financial Services
Employees
Business Decription
ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. Its 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; and unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments. The company has elected to be taxed as a real estate investment trust. 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.