ARMOUR Residential REIT, Inc. (ARR)

7.52 +0.02 (+0.27%) At close: 04:00PM EDT

ARMOUR Residential REIT, Inc.

3001 Ocean Drive
Suite 201
Vero Beach, FL 32963
United States
772 617 4340
https://www.armourreit.com

Sector(s): Real Estate
Industry: REIT—Mortgage
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jeffrey J. Zimmer	Co-CEO, Co-Vice Chairman & Pres	334.06k	N/A	1957
Mr. Scott Jeffrey Ulm	Co-CEO, Co-Vice Chairman & Head of Risk Management	334.06k	N/A	1958
Mr. James Robert Mountain CPA	CFO & Sec.	89.68k	N/A	1959
Mr. Mark Richard Gruber CFA	Chief Investment Officer	60.69k	N/A	1976
Mr. Gordon M. Harper	VP of Fin., Treasurer & Controller	44.69k	N/A	1967
Mr. David B. Sayles	Managing Director for Portfolio & Risk Analysis	N/A	N/A	N/A

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

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.

Corporate governance

ARMOUR Residential REIT, Inc.’s ISS governance QualityScore as of 31 July 2022 is 6. The pillar scores are Audit: 6; Board: 7; Shareholder rights: 5; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.