2024 Q1 Form 10-K Financial Statement

#000142820524000061 Filed on March 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $171.1M $251.3M $501.4M
YoY Change 101.59% 128.34% -847.04%
Cost Of Revenue $144.3M $148.5M $557.3M
YoY Change 37.96% 151.39% 393.18%
Gross Profit $26.80M $102.8M -$55.86M
YoY Change -235.9% 101.63% -68.99%
Gross Profit Margin 15.66% 40.91% -11.14%
Selling, General & Admin $1.437M $1.300M $4.982M
YoY Change -86.19% -87.08% -87.31%
% of Gross Profit 5.36% 1.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $12.28M $3.200M $12.11M
YoY Change 5.52% -72.35% -73.46%
Operating Profit $14.52M $99.60M -$67.97M
YoY Change -146.29% 152.73% -69.89%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $14.52M $99.60M -$67.97M
YoY Change -146.29% 152.73% -70.44%
Income Tax
% Of Pretax Income
Net Earnings $11.52M $96.60M -$79.95M
YoY Change -136.74% 165.28% -65.23%
Net Earnings / Revenue 6.73% 38.44% -15.95%
Basic Earnings Per Share $0.24 -$1.86
Diluted Earnings Per Share $0.24 $1.96 -$1.78
COMMON SHARES
Basic Shares Outstanding 48.75M shares 49.00M shares 43.05M shares
Diluted Shares Outstanding 48.99M shares 43.05M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $221.3M $221.9M $221.9M
YoY Change 63.39% 154.23% 154.23%
Cash & Equivalents $221.3M $221.9M
Short-Term Investments
Other Short-Term Assets $1.020M $1.200M $1.200M
YoY Change -85.41% -42.88% -42.88%
Inventory
Prepaid Expenses
Receivables $46.21M $47.10M $47.10M
Other Receivables $35.95M $0.00 $0.00
Total Short-Term Assets $304.5M $270.2M $270.2M
YoY Change 58.44% 128.61% 128.61%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.91B $11.16B $11.16B
YoY Change -9.75% 36.12% 36.12%
Other Assets $38.22M $37.00M $37.00M
YoY Change -69.15% 20.11% 20.11%
Total Long-Term Assets $11.90B $12.07B $12.07B
YoY Change -8.83% 29.57% 29.57%
TOTAL ASSETS
Total Short-Term Assets $304.5M $270.2M $270.2M
Total Long-Term Assets $11.90B $12.07B $12.07B
Total Assets $12.21B $12.34B $12.34B
YoY Change -7.86% 30.81% 30.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.115B $357.1M $357.1M
YoY Change 115.49% -29.85% -29.85%
Accrued Expenses $61.75M $31.50M $31.50M
YoY Change 30.03% 39.91% 39.91%
Deferred Revenue
YoY Change
Short-Term Debt $8.654B $9.648B $9.648B
YoY Change -18.01% 49.28% 49.28%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.76B $10.90B $10.90B
YoY Change -10.15% 36.92% 36.92%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $203.0M $176.5M $176.5M
YoY Change 231.44% -51.84% -51.84%
Total Long-Term Liabilities $203.0M $176.5M $176.5M
YoY Change 231.44% -51.84% -51.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.76B $10.90B $10.90B
Total Long-Term Liabilities $203.0M $176.5M $176.5M
Total Liabilities $10.96B $11.07B $11.07B
YoY Change -8.92% 33.02% 33.02%
SHAREHOLDERS EQUITY
Retained Earnings -$811.9M -$826.5M
YoY Change 2.79% 8.95%
Common Stock $49.00K $49.00K
YoY Change -74.48% -69.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.247B $1.271B $1.271B
YoY Change
Total Liabilities & Shareholders Equity $12.21B $12.34B $12.34B
YoY Change -7.86% 30.81% 30.81%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $11.52M $96.60M -$79.95M
YoY Change -136.74% 165.28% -65.23%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $96.81M $60.34M $132.8M
YoY Change 78.56% -43.82% 7.04%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $178.8M $1.619B -$3.039B
YoY Change -104.43% 143.65% -21.99%
Cash From Investing Activities $178.8M $1.619B -$3.039B
YoY Change -104.55% 143.65% -21.99%
FINANCING ACTIVITIES
Cash Dividend Paid $38.31M $228.2M
YoY Change -30.35% 47.8%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -274.9M -1.568B $3.047B
YoY Change -106.85% 63.03% -13.76%
NET CHANGE
Cash From Operating Activities 96.81M 60.34M $132.8M
Cash From Investing Activities 178.8M 1.619B -$3.039B
Cash From Financing Activities -274.9M -1.568B $3.047B
Net Change In Cash 659.0K 111.8M $140.8M
YoY Change -99.53% -158.92% -159.11%
FREE CASH FLOW
Cash From Operating Activities $96.81M $60.34M $132.8M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
525794000 usd
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
107664000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
10952000 usd
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
51748000 usd
CY2021 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6614000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-67923000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-229930000 usd
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-56396000 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
27109000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-7471000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-7452000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
15363000 usd
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001428205
CY2023 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.2
CY2023Q4 arr Related Party Transaction Management Agreement Monthly Percentageof Effective Management Fee Percentage
RelatedPartyTransactionManagementAgreementMonthlyPercentageofEffectiveManagementFeePercentage
0.0833
CY2023Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.2
CY2023 dei Document Annual Report
DocumentAnnualReport
true
CY2023 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023 dei Document Transition Report
DocumentTransitionReport
false
CY2023 dei Entity Registrant Name
EntityRegistrantName
ARMOUR RESIDENTIAL REIT, INC.
CY2023 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2023 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-1908763
CY2023 dei Entity Address Address Line1
EntityAddressAddressLine1
3001 Ocean Drive, Suite 201
CY2023 dei Entity Address City Or Town
EntityAddressCityOrTown
Vero Beach
CY2023 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32963
CY2023 dei City Area Code
CityAreaCode
772
CY2023 dei Local Phone Number
LocalPhoneNumber
617-4340
CY2023 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2023 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2023 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023 dei Entity Small Business
EntitySmallBusiness
false
CY2023 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2023 dei Document Fin Stmt Error Correction Flag
DocumentFinStmtErrorCorrectionFlag
false
CY2023 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Public Float
EntityPublicFloat
1094476261 usd
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
48749890 shares
CY2023 dei Auditor Firm
AuditorFirmId
34
CY2023 dei Auditor Name
AuditorName
Deloitte & Touche LLP
CY2023 dei Auditor Location
AuditorLocation
Miami, Florida
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
221888000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
87284000 usd
CY2023Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
36970000 usd
CY2022Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
30806000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
877412000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
984456000 usd
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
47111000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
28809000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
1260000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2101000 usd
CY2023Q4 us-gaap Assets
Assets
12344395000 usd
CY2022Q4 us-gaap Assets
Assets
9437047000 usd
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
9647982000 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
6463058000 usd
CY2023Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
350273000 usd
CY2022Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
502656000 usd
CY2023Q4 arr Cash Collateral Held For Counterparties
CashCollateralHeldForCounterparties
860130000 usd
CY2022Q4 arr Cash Collateral Held For Counterparties
CashCollateralHeldForCounterparties
963591000 usd
CY2023Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
171513000 usd
CY2022Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
353436000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
5036000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
13016000 usd
CY2023Q4 arr Interest Payable Securities Soldunder Agreementsto Repurchase
InterestPayableSecuritiesSoldunderAgreementstoRepurchase
26509000 usd
CY2022Q4 arr Interest Payable Securities Soldunder Agreementsto Repurchase
InterestPayableSecuritiesSoldunderAgreementstoRepurchase
19096000 usd
CY2023Q4 arr Interest Payable Us Treasury Securities Sold Short
InterestPayableUSTreasurySecuritiesSoldShort
5049000 usd
CY2022Q4 arr Interest Payable Us Treasury Securities Sold Short
InterestPayableUSTreasurySecuritiesSoldShort
3418000 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
6719000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
6404000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
11073211000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
8324675000 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48799000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
48799000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32582000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32582000 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
49000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
33000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4318155000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3874757000 usd
CY2023Q4 us-gaap Cumulative Dividends
CumulativeDividends
2220567000 usd
CY2022Q4 us-gaap Cumulative Dividends
CumulativeDividends
1992361000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-826460000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-758537000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
0 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-11527000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1271184000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1112372000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12344395000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9437047000 usd
CY2023 us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
552903000 usd
CY2022 us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
228432000 usd
CY2021 us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
80478000 usd
CY2022 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
120768000 usd
CY2021 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
7109000 usd
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
73369000 usd
CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
4183000 usd
CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
810808000 usd
CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
52493000 usd
CY2023 arr Other Operating Income Loss
OtherOperatingIncomeLoss
-51481000 usd
CY2022 arr Other Operating Income Loss
OtherOperatingIncomeLoss
-299761000 usd
CY2021 arr Other Operating Income Loss
OtherOperatingIncomeLoss
-23091000 usd
CY2023 us-gaap Management Fee Expense
ManagementFeeExpense
38188000 usd
CY2022 us-gaap Management Fee Expense
ManagementFeeExpense
33774000 usd
CY2021 us-gaap Management Fee Expense
ManagementFeeExpense
31108000 usd
CY2023 us-gaap Labor And Related Expense
LaborAndRelatedExpense
4944000 usd
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5485000 usd
CY2023 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-7019000 usd
CY2022 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-6374000 usd
CY2021 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-5793000 usd
CY2023 us-gaap Operating Expenses
OperatingExpenses
50151000 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
45633000 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
43515000 usd
CY2023 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
6600000 usd
CY2022 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
7800000 usd
CY2021 us-gaap Investment Company Contractual Fee Waived
InvestmentCompanyContractualFeeWaived
8600000 usd
CY2023 arr Expenses After Fees Waived
ExpensesAfterFeesWaived
43551000 usd
CY2022 arr Expenses After Fees Waived
ExpensesAfterFeesWaived
37833000 usd
CY2021 arr Expenses After Fees Waived
ExpensesAfterFeesWaived
34915000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-67923000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-229930000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
15363000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11982000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11982000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11473000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-79905000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-241912000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3890000 usd
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-7452000 usd
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
10952000 usd
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
0 usd
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
4183000 usd
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax
0 usd
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
4056000 usd
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-130135000 usd
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-61106000 usd
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
11527000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-118500000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-72058000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-348430000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-56695000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11473000 usd
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.86
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
5.00
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.00
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43054000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23594000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15897000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43054000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23594000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16062000 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
938304000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-56695000 usd
CY2021 us-gaap Dividends Preferred Stock
DividendsPreferredStock
11473000 usd
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
96630000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1143639000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-348430000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
475537000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3696000 usd
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7664000 usd
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
11982000 usd
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
142424000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1112372000 usd
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
450148000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3201000 usd
CY2023 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
9935000 usd
CY2023 us-gaap Dividends Preferred Stock
DividendsPreferredStock
11982000 usd
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
216224000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1271184000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-67923000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-229930000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
15363000 usd
CY2023 arr Accretion Amortizationof Discountsand Premiums Investments Availablefor Sale
AccretionAmortizationofDiscountsandPremiumsInvestmentsAvailableforSale
-3388000 usd
CY2022 arr Accretion Amortizationof Discountsand Premiums Investments Availablefor Sale
AccretionAmortizationofDiscountsandPremiumsInvestmentsAvailableforSale
-18390000 usd
CY2021 arr Accretion Amortizationof Discountsand Premiums Investments Availablefor Sale
AccretionAmortizationofDiscountsandPremiumsInvestmentsAvailableforSale
-48127000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-7471000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-7452000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
10952000 usd
CY2023 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
4183000 usd
CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded
0 usd
CY2023 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-52665000 usd
CY2022 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-946666000 usd
CY2021 us-gaap Debt Securities Trading Gain Loss
DebtSecuritiesTradingGainLoss
-77145000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
3201000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3696000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
4768000 usd
CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
18474000 usd
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
17734000 usd
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-2263000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-841000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1007000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-883000 usd
CY2023 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
-99064000 usd
CY2022 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
783267000 usd
CY2021 us-gaap Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
134704000 usd
CY2023 arr Increase Decrease In Interest Payable Securities Sold Under Agreements To Repurchase
IncreaseDecreaseInInterestPayableSecuritiesSoldUnderAgreementsToRepurchase
7413000 usd
CY2022 arr Increase Decrease In Interest Payable Securities Sold Under Agreements To Repurchase
IncreaseDecreaseInInterestPayableSecuritiesSoldUnderAgreementsToRepurchase
18152000 usd
CY2021 arr Increase Decrease In Interest Payable Securities Sold Under Agreements To Repurchase
IncreaseDecreaseInInterestPayableSecuritiesSoldUnderAgreementsToRepurchase
-681000 usd
CY2023 arr Increase Decrease In Interest Payable Us Treasury Securities Sold Short
IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort
1631000 usd
CY2022 arr Increase Decrease In Interest Payable Us Treasury Securities Sold Short
IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort
3418000 usd
CY2021 arr Increase Decrease In Interest Payable Us Treasury Securities Sold Short
IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort
0 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
315000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3677000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
156000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
132816000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
124085000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11738000 usd
CY2023 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
10288661000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
11456994000 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1265942000 usd
CY2023 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
803158000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
573609000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
870985000 usd
CY2023 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
6290592000 usd
CY2022 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
6349056000 usd
CY2021 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
980380000 usd
CY2023 us-gaap Payments For Securities Purchased Under Agreements To Resell
PaymentsForSecuritiesPurchasedUnderAgreementsToResell
2774490000 usd
CY2022 us-gaap Payments For Securities Purchased Under Agreements To Resell
PaymentsForSecuritiesPurchasedUnderAgreementsToResell
1958460000 usd
CY2021 us-gaap Payments For Securities Purchased Under Agreements To Resell
PaymentsForSecuritiesPurchasedUnderAgreementsToResell
391125000 usd
CY2023 us-gaap Proceeds From Securities Purchased Under Agreements To Resell
ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
3124829000 usd
CY2022 us-gaap Proceeds From Securities Purchased Under Agreements To Resell
ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
1254184000 usd
CY2021 us-gaap Proceeds From Securities Purchased Under Agreements To Resell
ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
391125000 usd
CY2023 us-gaap Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
-103461000 usd
CY2022 us-gaap Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
792531000 usd
CY2021 us-gaap Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
126356000 usd
CY2023 arr Proceeds From Subordinated Loan Due From Investment
ProceedsFromSubordinatedLoanDueFromInvestment
105000000 usd
CY2022 arr Proceeds From Subordinated Loan Due From Investment
ProceedsFromSubordinatedLoanDueFromInvestment
0 usd
CY2021 arr Proceeds From Subordinated Loan Due From Investment
ProceedsFromSubordinatedLoanDueFromInvestment
0 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3038640000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3894975000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
503576000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
450117000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
475537000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
328780000 usd
CY2023 arr Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
119704734000 usd
CY2022 arr Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
80087456000 usd
CY2021 arr Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
27238071000 usd
CY2023 arr Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
116870149000 usd
CY2022 arr Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
76868159000 usd
CY2021 arr Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
27826099000 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
216193000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
142424000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
96630000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9935000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7664000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3046592000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3532764000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-330766000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
140768000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-238126000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
184548000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118090000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
356216000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
171668000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258858000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118090000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
356216000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
607030000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
136966000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
21316000 usd
CY2023 arr Noncash Investingand Financing Activities Payablesto Broker Dealers And Clearing Organizations
NoncashInvestingandFinancingActivitiesPayablestoBrokerDealersAndClearingOrganizations
171513000 usd
CY2022 arr Noncash Investingand Financing Activities Payablesto Broker Dealers And Clearing Organizations
NoncashInvestingandFinancingActivitiesPayablestoBrokerDealersAndClearingOrganizations
353436000 usd
CY2021 arr Noncash Investingand Financing Activities Payablesto Broker Dealers And Clearing Organizations
NoncashInvestingandFinancingActivitiesPayablestoBrokerDealersAndClearingOrganizations
0 usd
CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
4056000 usd
CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-130135000 usd
CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-61106000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-bottom:6pt"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1 - Organization and Nature of Business Operations </span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">References to “we,” “us,” “our,” or the “Company” are to ARMOUR Residential REIT, Inc. (“ARMOUR”) and its subsidiaries. References to “ACM” are to ARMOUR Capital Management LP, a Delaware limited partnership. ARMOUR owns a 10.8% equity interest in BUCKLER Securities LLC ("BUCKLER"). BUCKLER is a Delaware limited liability company and a FINRA-regulated broker-dealer, controlled by ACM and certain executive officers of ARMOUR. Refer to the Glossary of Terms for definitions of capitalized terms and abbreviations used in this report. U.S. dollar amounts are presented in thousands, except per share amounts or as otherwise noted. </span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ARMOUR is an externally managed Maryland corporation incorporated in 2008. The Company is managed by ACM, an investment advisor registered with the SEC (see Note 8 - Commitments and Contingencies and Note 14 - Related Party Transactions). We have elected to be taxed as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"). Our qualification as a REIT depends on our ability to meet, on a continuing basis, various complex requirements under the Code relating to, among other things, the sources of our gross income, the composition and values of our assets, our distribution levels and the concentration of ownership of our capital stock. We believe that we are organized in conformity with the requirements for qualification as a REIT under the Code and our manner of operations enables us to meet the requirements for taxation as a REIT for federal income tax purposes. As a REIT, we will generally not be subject to federal income tax on the REIT taxable income that we currently distribute to our stockholders. If we fail to qualify as a REIT in any taxable year and do not qualify for certain statutory relief provisions, we will be subject to federal income tax at regular corporate rates. Even if we qualify as a REIT for U.S. federal income tax purposes, we may still be subject to some federal, state and local taxes on our income.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 31, 2023 and December 31, 2022, we invested in mortgage backed securities ("MBS"), issued or guaranteed by a United States ("U.S.") Government-sponsored entity ("GSE"), such as the Federal National Mortgage Association ("Fannie Mae"), the Federal Home Loan Mortgage Corporation ("Freddie Mac"), or a government agency such as Government National Mortgage Administration ("Ginnie Mae") (collectively, "Agency Securities"). Our Agency Securities consist of fixed rate loans. From time to time we also invest in U.S. Treasury Securities and money market instruments subject to certain income tests we must satisfy for our qualification as a REIT.</span></div>
CY2023 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="margin-bottom:6pt"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 2 - Basis of Presentation and Consolidation </span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. (“GAAP”). The consolidated financial statements include the accounts of ARMOUR Residential REIT, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the accompanying consolidated financial statements include the valuation of MBS, including an assessment of the allowance for credit losses, and derivative instruments. Certain prior year amounts have been reclassified to conform to the current year's presentation. </span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All per share amounts, common shares outstanding and stock-based compensation amounts for all periods presented reflect our one-for-five reverse stock split (the “Reverse Stock Split”), which was effective September 29, 2023. Interest earned/paid on cash collateral posted/held on interest rate swap contracts was reclassified from Interest Income to Gain (loss) on derivatives, net, in the consolidated financial statements to conform to current presentation. No other reclassifications have been made to previously reported amounts.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
Significant estimates affecting the accompanying consolidated financial statements include the valuation of MBS, including an assessment of the allowance for credit losses, and derivative instruments. Certain prior year amounts have been reclassified to conform to the current year's presentation.
CY2023 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-7471000 usd
CY2023Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
350273000 usd
CY2022Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
502656000 usd
CY2023 us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<div style="margin-bottom:6pt;text-align:justify;text-indent:36pt"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Revenue Recognition</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest income is earned and recognized on Agency Securities based on their unpaid principal amounts and their contractual terms. Recognition of interest income commences on the settlement date of the purchase transaction and continues through the settlement date of the sale transaction or maturity. Premiums and discounts associated with the purchase of Multi-Family MBS, which are generally not subject to prepayment, are amortized or accreted into interest income over the contractual lives of the securities using a level yield method. Premiums and discounts associated with the purchase of other Agency Securities are amortized or accreted into interest income over the actual lives of the securities, reflecting actual prepayments as they occur. Purchase and sale transactions (including TBA Agency Securities) are recorded on the trade date to the extent it is probable that we will take or make timely physical delivery of the related securities. Gains or losses realized from sales of available for sale securities are reclassified into income from Comprehensive Income (Loss) and are determined using the specific identification method.</span></div><div style="margin-bottom:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Interest income on U.S. Treasury Securities is recognized based on their unpaid principal amounts and their contractual terms. Recognition of interest income commences on the settlement date of the purchase transaction and continues through the settlement date of the sale transaction.</span></div>
CY2023 arr Trading Securities Quotes Received Numberof Dealers
TradingSecuritiesQuotesReceivedNumberofDealers
3 dealer
CY2023Q4 us-gaap Debt Securities
DebtSecurities
11159754000 usd
CY2022Q4 us-gaap Debt Securities
DebtSecurities
8198591000 usd
CY2023 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-7471000 usd
CY2023Q4 arr Trading Securities Debt Maturities Next Rolling Twelve Months Fair Value
TradingSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
0 usd
CY2023Q4 arr Trading Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
TradingSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
0 usd
CY2023Q4 arr Trading Securities Debt Maturities Rolling Year Twoand Three Fair Value
TradingSecuritiesDebtMaturitiesRollingYearTwoandThreeFairValue
202508000 usd
CY2023Q4 arr Trading Securities Debt Maturities Rolling Year Twoand Three Amortized Cost Basis
TradingSecuritiesDebtMaturitiesRollingYearTwoandThreeAmortizedCostBasis
195904000 usd
CY2023Q4 arr Trading Securities Debt Maturities Rolling Year Fourand Five Fair Value
TradingSecuritiesDebtMaturitiesRollingYearFourandFiveFairValue
2757464000 usd
CY2023Q4 arr Trading Securities Debt Maturities Rolling Year Four Through Five Amortized Cost Basis
TradingSecuritiesDebtMaturitiesRollingYearFourThroughFiveAmortizedCostBasis
2747842000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
61000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
64000 usd
CY2022Q4 arr Trading Securities Debt Maturities Next Rolling Twelve Months Fair Value
TradingSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
0 usd
CY2022Q4 arr Trading Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
TradingSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
0 usd
CY2022Q4 arr Available For Sale Securities Debt Maturities Rolling Year Two Through Three Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughThreeFairValue
2390000 usd
CY2022Q4 arr Available For Sale Securities Debt Maturities Rolling Year Two Through Three Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughThreeAmortizedCostBasis
2525000 usd
CY2022Q4 arr Trading Securities Debt Maturities Rolling Year Twoand Three Fair Value
TradingSecuritiesDebtMaturitiesRollingYearTwoandThreeFairValue
0 usd
CY2022Q4 arr Trading Securities Debt Maturities Rolling Year Twoand Three Amortized Cost Basis
TradingSecuritiesDebtMaturitiesRollingYearTwoandThreeAmortizedCostBasis
0 usd
CY2022Q4 arr Available For Sale Securities Debt Maturities Rolling Year Four Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearFourThroughFiveFairValue
11541000 usd
CY2022Q4 arr Available For Sale Securities Debt Maturities Rolling Year Four Through Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearFourThroughFiveAmortizedCostBasis
12171000 usd
CY2022Q4 arr Trading Securities Debt Maturities Rolling Year Fourand Five Fair Value
TradingSecuritiesDebtMaturitiesRollingYearFourandFiveFairValue
0 usd
CY2022Q4 arr Trading Securities Debt Maturities Rolling Year Four Through Five Amortized Cost Basis
TradingSecuritiesDebtMaturitiesRollingYearFourThroughFiveAmortizedCostBasis
0 usd
CY2022Q4 arr Available For Sale Securities Debt Maturities Rolling After Year Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearFiveFairValue
173953000 usd
CY2022Q4 arr Available For Sale Securities Debt Maturities Rolling After Year Five Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearFiveAmortizedCostBasis
184712000 usd
CY2022Q4 arr Trading Securities Debt Maturities Rolling After Year Five Fair Value
TradingSecuritiesDebtMaturitiesRollingAfterYearFiveFairValue
8010646000 usd
CY2022Q4 arr Trading Securities Debt Maturities Rolling After Year Five Amortized Cost Basis
TradingSecuritiesDebtMaturitiesRollingAfterYearFiveAmortizedCostBasis
8553485000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
187945000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
199472000 usd
CY2022Q4 arr Trading Securities Debt Maturities Fair Value
TradingSecuritiesDebtMaturitiesFairValue
8010646000 usd
CY2022Q4 arr Trading Securities Debt Maturities Amortized Cost Basis
TradingSecuritiesDebtMaturitiesAmortizedCostBasis
8553485000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
187397000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
11497000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
548000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
30000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
187945000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
11527000 usd
CY2023Q4 arr Repurchase Agreements Numberof Counterpartieswith Master Repurchase Agreements
RepurchaseAgreementsNumberofCounterpartieswithMasterRepurchaseAgreements
39 counterparty
CY2023Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
9647982000 usd
CY2023Q4 arr Repurchase Agreements Number Of Counterpartieswith Outstanding Borrowings
RepurchaseAgreementsNumberOfCounterpartieswithOutstandingBorrowings
14 counterparty
CY2022Q4 arr Repurchase Agreements Numberof Counterpartieswith Master Repurchase Agreements
RepurchaseAgreementsNumberofCounterpartieswithMasterRepurchaseAgreements
38 counterparty
CY2022Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
6463058000 usd
CY2022Q4 arr Repurchase Agreements Number Of Counterpartieswith Outstanding Borrowings
RepurchaseAgreementsNumberOfCounterpartieswithOutstandingBorrowings
16 counterparty
CY2023 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="margin-bottom:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table represents the contractual repricing regarding our repurchase agreements to finance MBS purchases at December 31, 2023 and December 31, 2022. Our repurchase agreements require excess collateral, known as a "haircut." At December 31, 2023, the average haircut percentage was 2.74% compared to 3.85% at December 31, 2022. The haircut for our repurchase agreements vary by counterparty and therefore, the changes in the average haircut percentage will vary with the changes in our counterparty repurchase agreement balances. </span></div><div style="margin-bottom:3pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.258%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.371%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2023</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted Average Contractual Rate</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted Average Maturity in days</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Agency Securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">≤ 30 days </span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td style="background-color:#e6eeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#e6eeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,647,982 </span></td><td style="background-color:#e6eeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="2" style="background-color:#e6eeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.54 </span></td><td style="background-color:#e6eeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total or Weighted Average</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">9,647,982 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.54 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">12</span></td></tr></table></div><div style="margin-bottom:10pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1) Net of reverse repurchase agreements of $353,937. Obligations to return securities received as collateral of $350,273 associated with the reverse repurchase agreements are all due within 30 days.</span></div><div style="margin-bottom:3pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.258%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.162%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.406%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.601%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.371%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2022</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Balance</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted Average Contractual Rate</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted Average Maturity in days</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Agency Securities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">≤ 30 days </span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td style="background-color:#e6eeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#e6eeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5,912,572 </span></td><td style="background-color:#e6eeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="2" style="background-color:#e6eeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.43 </span></td><td style="background-color:#e6eeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&gt; 30 days to ≤ 60 days</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">550,486 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.48 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">34</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#1c4787;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Total or Weighted Average</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td style="background-color:#e6eeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#e6eeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">6,463,058 </span></td><td style="background-color:#e6eeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="2" style="background-color:#e6eeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4.43 </span></td><td style="background-color:#e6eeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#e6eeff;padding:0 1pt"></td><td colspan="3" style="background-color:#e6eeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:100%">16</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:10pt;padding-left:13.5pt;text-align:justify;text-indent:-13.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1) Net of reverse repurchase agreements of $704,276. Obligations to return securities received as collateral of $502,656 associated with the reverse repurchase agreements all matured in January 2023.</span></div>
CY2023Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
350273000 usd
CY2022Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
502656000 usd
CY2022Q4 arr Debt Securities Available For Sale And Trading Repurchase Securities Gross
DebtSecuritiesAvailableForSaleAndTradingRepurchaseSecuritiesGross
704276000 usd
CY2022Q4 arr Debt Securities Available For Sale And Trading Repurchase Securities Gross Amounts Offset In The Consolidated Balance Sheet
DebtSecuritiesAvailableForSaleAndTradingRepurchaseSecuritiesGrossAmountsOffsetInTheConsolidatedBalanceSheet
-704276000 usd
CY2022Q4 arr Debt Securities Available For Sale And Trading Repurchase Securities Net Amounts Presented In The Consolidated Balance Sheet
DebtSecuritiesAvailableForSaleAndTradingRepurchaseSecuritiesNetAmountsPresentedInTheConsolidatedBalanceSheet
0 usd
CY2022Q4 arr Debt Securities Available For Sale And Trading Repurchase Securities Subject To Master Netting Arrangement Deduction Of Financial Instrument Not Offset
DebtSecuritiesAvailableForSaleAndTradingRepurchaseSecuritiesSubjectToMasterNettingArrangementDeductionOfFinancialInstrumentNotOffset
0 usd
CY2022Q4 arr Debt Securities Available For Sale And Trading Repurchase Securities Subject To Master Netting Arrangement Collateral Obligation To Return Cash Not Offset
DebtSecuritiesAvailableForSaleAndTradingRepurchaseSecuritiesSubjectToMasterNettingArrangementCollateralObligationToReturnCashNotOffset
189000 usd
CY2022Q4 arr Debt Securities Available For Sale And Trading Repurchase Securities Net
DebtSecuritiesAvailableForSaleAndTradingRepurchaseSecuritiesNet
189000 usd
CY2022Q4 arr Debt Securities Available For Purchase And Trading Repurchase Securities Gross
DebtSecuritiesAvailableForPurchaseAndTradingRepurchaseSecuritiesGross
-7167334000 usd
CY2022Q4 arr Debt Securities Available For Purchase And Trading Repurchase Securities Gross Amounts Offset In The Consolidated Balance Sheet
DebtSecuritiesAvailableForPurchaseAndTradingRepurchaseSecuritiesGrossAmountsOffsetInTheConsolidatedBalanceSheet
704276000 usd
CY2022Q4 arr Debt Securities Available For Purchase And Trading Repurchase Securities Net Amounts Presented In The Consolidated Balance Sheet
DebtSecuritiesAvailableForPurchaseAndTradingRepurchaseSecuritiesNetAmountsPresentedInTheConsolidatedBalanceSheet
-6463058000 usd
CY2022Q4 arr Debt Securities Available For Purchase And Trading Repurchase Securities Subject To Master Netting Arrangement Deduction Of Financial Instrument Not Offset
DebtSecuritiesAvailableForPurchaseAndTradingRepurchaseSecuritiesSubjectToMasterNettingArrangementDeductionOfFinancialInstrumentNotOffset
6463058000 usd
CY2022Q4 arr Debt Securities Available For Purchase And Trading Repurchase Securities Subject To Master Netting Arrangement Collateral Obligation To Return Cash Not Offset
DebtSecuritiesAvailableForPurchaseAndTradingRepurchaseSecuritiesSubjectToMasterNettingArrangementCollateralObligationToReturnCashNotOffset
0 usd
CY2022Q4 arr Debt Securities Available For Purchase And Trading Repurchase Securities Net
DebtSecuritiesAvailableForPurchaseAndTradingRepurchaseSecuritiesNet
0 usd
CY2023Q4 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
12
CY2023Q4 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
12
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
877412000 usd
CY2023Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
6852000 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
821089000 usd
CY2023Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
49471000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
984456000 usd
CY2022Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
13016000 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
932974000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
38466000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
5036000 usd
CY2023Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
6852000 usd
CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
-2070000 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
254000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
13016000 usd
CY2022Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
13016000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 usd
CY2023 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
51748000 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
810808000 usd
CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
52493000 usd
CY2023Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
6786000000 usd
CY2023 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P68M
CY2023Q4 arr Derivative Weighted Average Interest Rate
DerivativeWeightedAverageInterestRate
0.0137
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
6350000000 usd
CY2022 us-gaap Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
P73M
CY2022Q4 arr Derivative Weighted Average Interest Rate
DerivativeWeightedAverageInterestRate
0.0072
CY2023Q4 arr Related Party Transaction Management Agreement Gross Equity Raised
RelatedPartyTransactionManagementAgreementGrossEquityRaised
4231965000 usd
CY2022Q4 arr Related Party Transaction Management Agreement Gross Equity Raised
RelatedPartyTransactionManagementAgreementGrossEquityRaised
3787042000 usd
CY2021Q4 arr Related Party Transaction Management Agreement Gross Equity Raised
RelatedPartyTransactionManagementAgreementGrossEquityRaised
3313937000 usd
CY2020Q2 arr Related Party Transaction Management Fee Reduction
RelatedPartyTransactionManagementFeeReduction
0.40
CY2021Q1 arr Fee Waiver Adjustment First Quarter
FeeWaiverAdjustmentFirstQuarter
2400000 usd
CY2021Q2 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
800000 usd
CY2021Q2 arr Fee Waiver Adjustment First Quarter
FeeWaiverAdjustmentFirstQuarter
2100000 usd
CY2021Q3 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
700000 usd
CY2021Q3 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
700000 usd
CY2021Q4 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
650000 usd
CY2023Q1 arr Fee Waiver Adjustment First Quarter
FeeWaiverAdjustmentFirstQuarter
1650000 usd
CY2023Q1 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
550000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
39240000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
39240000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
39240000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Fourth Year
ContractualObligationDueInFourthYear
39240000 usd
CY2023Q4 us-gaap Contractual Obligation Due In Fifth Year
ContractualObligationDueInFifthYear
39240000 usd
CY2023Q4 arr Contractual Obligation To Be Paid Year Six
ContractualObligationToBePaidYearSix
39240000 usd
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
235440000 usd
CY2023Q4 us-gaap Cumulative Dividends
CumulativeDividends
2220567000 usd
CY2022Q4 us-gaap Cumulative Dividends
CumulativeDividends
1992361000 usd
CY2021Q4 us-gaap Cumulative Dividends
CumulativeDividends
1837955000 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q4 arr Preferred Stock Undesignated Shares Authorized
PreferredStockUndesignatedSharesAuthorized
40000000 shares
CY2022Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2000000 shares
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
90000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
48799000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48799000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32582000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32582000 shares
CY2023Q4 arr Dividend Reinvestment Program Per Share Price
DividendReinvestmentProgramPerSharePrice
19.71
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-67923000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-229930000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
15363000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11982000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11982000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11473000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-79905000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-241912000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3890000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43054000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23594000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15897000 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
165000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43054000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23594000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16062000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
298000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
114000 shares
CY2023 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-56396000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-348430000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-56695000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11982000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11982000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11473000 usd
CY2021 arr Effective Taxable Income Reconciliation Gains Losses On Available For Sale Securities
EffectiveTaxableIncomeReconciliationGainsLossesOnAvailableForSaleSecurities
10952000 usd
CY2023 arr Effective Taxable Income Reconciliation Impairment Losses On Available For Sale Agency Securities
EffectiveTaxableIncomeReconciliationImpairmentLossesOnAvailableForSaleAgencySecurities
0 usd
CY2022 arr Effective Taxable Income Reconciliation Impairment Losses On Available For Sale Agency Securities
EffectiveTaxableIncomeReconciliationImpairmentLossesOnAvailableForSaleAgencySecurities
-4183000 usd
CY2021 arr Effective Taxable Income Reconciliation Impairment Losses On Available For Sale Agency Securities
EffectiveTaxableIncomeReconciliationImpairmentLossesOnAvailableForSaleAgencySecurities
0 usd
CY2023 arr Effective Taxable Income Reconciliation Amortization Of Financing Costs And Discounts
EffectiveTaxableIncomeReconciliationAmortizationOfFinancingCostsAndDiscounts
-103669000 usd
CY2022 arr Effective Taxable Income Reconciliation Amortization Of Financing Costs And Discounts
EffectiveTaxableIncomeReconciliationAmortizationOfFinancingCostsAndDiscounts
-145267000 usd
CY2023 arr Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-68378000 usd
CY2022 arr Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-360412000 usd
CY2021 arr Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-68168000 usd
CY2023 arr Comprehensive Income Loss Available To Common Stockholders Per Share Basic
ComprehensiveIncomeLossAvailableToCommonStockholdersPerShareBasic
-1.59
CY2022 arr Comprehensive Income Loss Available To Common Stockholders Per Share Basic
ComprehensiveIncomeLossAvailableToCommonStockholdersPerShareBasic
-15.28
CY2021 arr Comprehensive Income Loss Available To Common Stockholders Per Share Basic
ComprehensiveIncomeLossAvailableToCommonStockholdersPerShareBasic
-4.29
CY2023 arr Comprehensive Income Loss Available To Common Stockholders Per Share Diluted
ComprehensiveIncomeLossAvailableToCommonStockholdersPerShareDiluted
-1.59
CY2022 arr Comprehensive Income Loss Available To Common Stockholders Per Share Diluted
ComprehensiveIncomeLossAvailableToCommonStockholdersPerShareDiluted
-15.28
CY2021 arr Comprehensive Income Loss Available To Common Stockholders Per Share Diluted
ComprehensiveIncomeLossAvailableToCommonStockholdersPerShareDiluted
-4.29
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43054000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23594000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15897000 shares
CY2023 arr Incremental Common Shares Attributableto Dilutive Effectof Sharebased Payment Arrangements Comprehensive Income Loss
IncrementalCommonSharesAttributabletoDilutiveEffectofSharebasedPaymentArrangementsComprehensiveIncomeLoss
0 shares
CY2022 arr Incremental Common Shares Attributableto Dilutive Effectof Sharebased Payment Arrangements Comprehensive Income Loss
IncrementalCommonSharesAttributabletoDilutiveEffectofSharebasedPaymentArrangementsComprehensiveIncomeLoss
0 shares
CY2021 arr Incremental Common Shares Attributableto Dilutive Effectof Sharebased Payment Arrangements Comprehensive Income Loss
IncrementalCommonSharesAttributabletoDilutiveEffectofSharebasedPaymentArrangementsComprehensiveIncomeLoss
0 shares
CY2023 arr Weighted Average Numberof Shares Outstanding Diluted Comprehensive Income Loss
WeightedAverageNumberofSharesOutstandingDilutedComprehensiveIncomeLoss
43054000 shares
CY2022 arr Weighted Average Numberof Shares Outstanding Diluted Comprehensive Income Loss
WeightedAverageNumberofSharesOutstandingDilutedComprehensiveIncomeLoss
23594000 shares
CY2021 arr Weighted Average Numberof Shares Outstanding Diluted Comprehensive Income Loss
WeightedAverageNumberofSharesOutstandingDilutedComprehensiveIncomeLoss
15897000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
298000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
114000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
165000 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-67923000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-229930000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
15363000 usd
CY2023 arr Effective Taxable Income Reconciliation Reversalof Income
EffectiveTaxableIncomeReconciliationReversalofIncome
-81000 usd
CY2022 arr Effective Taxable Income Reconciliation Reversalof Income
EffectiveTaxableIncomeReconciliationReversalofIncome
186000 usd
CY2021 arr Effective Taxable Income Reconciliation Reversalof Income
EffectiveTaxableIncomeReconciliationReversalofIncome
-37000 usd
CY2023 arr Effective Taxable Income Reconciliation Premium Amortization Expense
EffectiveTaxableIncomeReconciliationPremiumAmortizationExpense
1000 usd
CY2022 arr Effective Taxable Income Reconciliation Premium Amortization Expense
EffectiveTaxableIncomeReconciliationPremiumAmortizationExpense
81000 usd
CY2021 arr Effective Taxable Income Reconciliation Premium Amortization Expense
EffectiveTaxableIncomeReconciliationPremiumAmortizationExpense
148000 usd
CY2023 arr Effective Taxable Income Reconciliation Trading Securities Agency
EffectiveTaxableIncomeReconciliationTradingSecuritiesAgency
52665000 usd
CY2022 arr Effective Taxable Income Reconciliation Trading Securities Agency
EffectiveTaxableIncomeReconciliationTradingSecuritiesAgency
946666000 usd
CY2021 arr Effective Taxable Income Reconciliation Trading Securities Agency
EffectiveTaxableIncomeReconciliationTradingSecuritiesAgency
77145000 usd
CY2023 arr Effective Taxable Income Reconciliation Trading Securities Us Treasury Securities
EffectiveTaxableIncomeReconciliationTradingSecuritiesUSTreasurySecurities
43093000 usd
CY2022 arr Effective Taxable Income Reconciliation Trading Securities Us Treasury Securities
EffectiveTaxableIncomeReconciliationTradingSecuritiesUSTreasurySecurities
152268000 usd
CY2021 arr Effective Taxable Income Reconciliation Trading Securities Us Treasury Securities
EffectiveTaxableIncomeReconciliationTradingSecuritiesUSTreasurySecurities
9391000 usd
CY2023 arr Effective Taxable Income Reconciliation Changes In Derivatives
EffectiveTaxableIncomeReconciliationChangesInDerivatives
167963000 usd
CY2022 arr Effective Taxable Income Reconciliation Changes In Derivatives
EffectiveTaxableIncomeReconciliationChangesInDerivatives
-757742000 usd
CY2021 arr Effective Taxable Income Reconciliation Changes In Derivatives
EffectiveTaxableIncomeReconciliationChangesInDerivatives
-77300000 usd
CY2023 arr Effective Taxable Income Reconciliation Gains Losses On Available For Sale Securities
EffectiveTaxableIncomeReconciliationGainsLossesOnAvailableForSaleSecurities
-7471000 usd
CY2022 arr Effective Taxable Income Reconciliation Gains Losses On Available For Sale Securities
EffectiveTaxableIncomeReconciliationGainsLossesOnAvailableForSaleSecurities
-7452000 usd
CY2021 arr Effective Taxable Income Reconciliation Amortization Of Financing Costs And Discounts
EffectiveTaxableIncomeReconciliationAmortizationOfFinancingCostsAndDiscounts
-163837000 usd
CY2023 arr Effective Taxable Income Reconciliation Amortization Of Deferred Treasury Future Gains
EffectiveTaxableIncomeReconciliationAmortizationOfDeferredTreasuryFutureGains
23161000 usd
CY2022 arr Effective Taxable Income Reconciliation Amortization Of Deferred Treasury Future Gains
EffectiveTaxableIncomeReconciliationAmortizationOfDeferredTreasuryFutureGains
3383000 usd
CY2021 arr Effective Taxable Income Reconciliation Amortization Of Deferred Treasury Future Gains
EffectiveTaxableIncomeReconciliationAmortizationOfDeferredTreasuryFutureGains
0 usd
CY2023 arr Effective Taxable Income Reconciliation Other Adjustments
EffectiveTaxableIncomeReconciliationOtherAdjustments
1876000 usd
CY2022 arr Effective Taxable Income Reconciliation Other Adjustments
EffectiveTaxableIncomeReconciliationOtherAdjustments
2340000 usd
CY2021 arr Effective Taxable Income Reconciliation Other Adjustments
EffectiveTaxableIncomeReconciliationOtherAdjustments
1834000 usd
CY2023 arr Estimated Reit Taxable Income
EstimatedREITTaxableIncome
124717000 usd
CY2022 arr Estimated Reit Taxable Income
EstimatedREITTaxableIncome
-16914000 usd
CY2021 arr Estimated Reit Taxable Income
EstimatedREITTaxableIncome
-148467000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
257341000 usd
CY2023Q4 arr Aggregate Tax Basis Stockholders Equityin Excessof Assetsand Liabilities
AggregateTaxBasisStockholdersEquityinExcessofAssetsandLiabilities
-93462000 usd
CY2023Q4 arr Aggregate Tax Basis Stockholders Equityin Excessof Assetsand Liabilities Per Share
AggregateTaxBasisStockholdersEquityinExcessofAssetsandLiabilitiesPerShare
-1.92
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
48799000 shares
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
228206000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
154406000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
108103000 usd
CY2023 arr Estimated Reit Taxable Income
EstimatedREITTaxableIncome
124717000 usd
CY2022 arr Estimated Reit Taxable Income
EstimatedREITTaxableIncome
-16914000 usd
CY2021 arr Estimated Reit Taxable Income
EstimatedREITTaxableIncome
-148467000 usd
CY2023 arr Dividends Percentof Dividendsthat Represent Nontaxable Returnof Capital
DividendsPercentofDividendsthatRepresentNontaxableReturnofCapital
0.475
CY2022 arr Dividends Percentof Dividendsthat Represent Nontaxable Returnof Capital
DividendsPercentofDividendsthatRepresentNontaxableReturnofCapital
1.000
CY2021 arr Dividends Percentof Dividendsthat Represent Nontaxable Returnof Capital
DividendsPercentofDividendsthatRepresentNontaxableReturnofCapital
1.000
CY2020Q2 arr Related Party Transaction Management Fee Reduction
RelatedPartyTransactionManagementFeeReduction
0.40
CY2021Q1 arr Fee Waiver Adjustment First Quarter
FeeWaiverAdjustmentFirstQuarter
2400000 usd
CY2021Q2 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
800000 usd
CY2021Q2 arr Fee Waiver Adjustment First Quarter
FeeWaiverAdjustmentFirstQuarter
2100000 usd
CY2021Q3 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
700000 usd
CY2021Q3 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
700000 usd
CY2021Q4 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
650000 usd
CY2023Q1 arr Fee Waiver Adjustment First Quarter
FeeWaiverAdjustmentFirstQuarter
1650000 usd
CY2023Q1 arr Fee Waiver Adjustment Every Month Thereafter
FeeWaiverAdjustmentEveryMonthThereafter
550000 usd

Files In Submission

Name View Source Status
0001428205-24-000061-index-headers.html Edgar Link pending
0001428205-24-000061-index.html Edgar Link pending
0001428205-24-000061.txt Edgar Link pending
0001428205-24-000061-xbrl.zip Edgar Link pending
a2023-ex231consentofindepe.htm Edgar Link pending
a2023-ex41descriptionofsec.htm Edgar Link pending
a202310k-exhibit311sulm.htm Edgar Link pending
a202310k-exhibit312gharper.htm Edgar Link pending
a202310k-exhibit321sulm.htm Edgar Link pending
a202310k-exhibit322gharper.htm Edgar Link pending
a2023ex971clawbackpolicy.htm Edgar Link pending
arr-20231231.htm Edgar Link pending
arr-20231231.xsd Edgar Link pending
arr-20231231_g1.jpg Edgar Link pending
arr-20231231_g2.jpg Edgar Link pending
arr-20231231_g3.jpg Edgar Link pending
arr-20231231_g4.jpg Edgar Link pending
arr-20231231_g5.jpg Edgar Link pending
arr-20231231_g6.jpg Edgar Link pending
arr-20231231_g7.jpg Edgar Link pending
arr-20231231_cal.xml Edgar Link unprocessable
arr-20231231_def.xml Edgar Link unprocessable
arr-20231231_lab.xml Edgar Link unprocessable
arr-20231231_pre.xml Edgar Link unprocessable
arr-20231231_htm.xml Edgar Link completed
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable