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ARMOUR Residential REIT (LTS:0HHU) Cash, Cash Equivalents, Marketable Securities


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What is ARMOUR Residential REIT Cash, Cash Equivalents, Marketable Securities?

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ARMOUR Residential REIT (LTS:0HHU) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ARMOUR Residential REIT Inc (LTS:0HHU) » Definitions » Cash, Cash Equivalents, Marketable Securities
Traded in Other Exchanges
Address
3001 Ocean Drive, Suite 201, Vero Beach, FL, USA, 32963
ARMOUR Residential REIT Inc is a real estate investment trust that invests in residential mortgage-backed securities or RMBS. These are issued or guaranteed by U.S.-government-sponsored enterprises, such as Fannie Mae, Freddie Mac, or Ginnie Mae. The company's investment portfolio is composed of mortgage-backed securities, adjustable-rate mortgage securities, and multifamily mortgage-backed securities. In terms of total fair value, most Armour's investments are long-term, fixed-rate agency RMBS. Multifamily RMBS also represents a substantial amount. Fannie Mae guarantees most of the company's holdings. Armour derives substantially all its revenue as interest income from its investments.