0000000000-24-008068.txt : 20240822 0000000000-24-008068.hdr.sgml : 20240822 20240716163609 ACCESSION NUMBER: 0000000000-24-008068 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240716 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Armour Residential REIT, Inc. CENTRAL INDEX KEY: 0001428205 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 261908763 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 001-34766 BUSINESS ADDRESS: STREET 1: 3001 OCEAN DRIVE STREET 2: SUITE 201 CITY: VERO BEACH STATE: FL ZIP: 32963 BUSINESS PHONE: (772) 617-4340 MAIL ADDRESS: STREET 1: 3001 OCEAN DRIVE STREET 2: SUITE 201 CITY: VERO BEACH STATE: FL ZIP: 32963 PUBLIC REFERENCE ACCESSION NUMBER: 0001428205-24-000061 LETTER 1 filename1.pdf begin 644 filename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end TEXT-EXTRACT 2 filename2.txt July 16, 2024 Gordon Harper Chief Financial Officer, Controller and Secretary Armour Residential REIT, Inc. 3001 Ocean Drive Suite 201 Vero Beach, FL 32963 Re: Armour Residential REIT, Inc. Form 10-K for the Fiscal Year Ending December 31, 2023 Filed March 15, 2024 File No. 001-34766 Dear Gordon Harper: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe the comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year Ending December 31, 2023 Management's Discussion and Analysis Results of Operations, page 49 1. We note your disclosure on page 113 stating that net interest margin contains a non- GAAP financial measure and thus "SEC filings should include enhanced disclosures in accordance with applicable SEC guidance." However, on page 49, you make reference that changes were made in the fourth quarter of 2023 and that your prior presentation of Net Interest Margin is a non-GAAP financial measure. It appears the current presentation on page 49 no longer contains aspects of a Non-GAAP financial measure. Please confirm and/or clarify whether this is the case. To the extent the current presentation is still a non-GAAP financial measure, please clarify and/or revise accordingly to comply with the disclosure requirements of Item 10(e) of Regulation S-K. July 16, 2024 Page 2 In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Babette Cooper at 202-551-3396 or Wilson Lee at 202-551-3468 with any questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction