ARMOUR Residential REIT, Inc. (ARR) Q1 2025 Earnings Call Transcript


ARMOUR Residential REIT, Inc. (NYSE:ARR) Q1 2025 Earnings Conference Call April 24, 2025 9:00 AM ET

Company Participants

Gordon Harper – Chief Financial Officer
Scott Ulm – Chief Executive Officer
Sergey Losyev – Co-Chief Investment Officer
Desmond Macauley – Co-Chief Investment Officer and Head-Risk Management

Conference Call Participants

Douglas Harter – UBS
Trevor Cranston – JMP Securities
Randolph Binner – B. Riley
Eric Hagen – BTIG
Christopher Nolan – Ladenburg Thalmann

Operator

Good day and welcome to ARMOUR Residential REIT’s First Quarter 2025 Earnings Conference Call. All participants will be in listen only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Scott Ulm, CEO. Please go ahead.

Scott Ulm

Good morning and welcome to ARMOUR Residential REIT’s first quarter 2025 conference call. This morning I’m joined by our CFO Gordon Harper as well as our co CIOs Sergey Losyev and Desmond Macauley.

I’ll now turn the call over to Gordon to run through the financial results.

Gordon Harper

Thank you, Scott. By now everyone has access to ARMOUR’s earnings release which can be found on ARMOUR’s website www.ARMOURreit.com. This conference call includes forward-looking statements which are intended to be subject to the Safe Harbor protection provided by the Private Securities Litigation Reform act of 1995.

The risk factors section of ARMOUR’s periodic reports filed with the Securities and Exchange Commission describe certain factors beyond ARMOUR’s control that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements. Those periodic filings can be found on the SEC’s website at www.sec.gov.

All of today’s forward-looking statements are subject to change without notice. We disclaim any obligation to update them unless required by law.

Also, today’s discussion refers to certain non-GAAP measures. These measures are reconciled



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