Armour Residential REIT, Inc. (ARR) Form 8-K — Oct 21, 2026
ARMOUR Residential REIT reported a Q3 2026 GAAP net loss of $327.0 million, or $(2.26) per common share, as mortgage spreads widened late in the quarter and a $1.17 billion mark loss hit its Agency MBS portfolio. Book value per share fell to $14.55 from $18.63 at year-end 2025, producing a negative 12.9% total economic return for the quarter despite $0.72 per share of dividends paid. Distributable Earnings, the company's non-GAAP measure, held at $0.71 per share on $83.7 million of net interest income. The company maintained leverage at 8.24:1 debt-to-equity with $1.0 billion of liquidity, raised $205.7 million via an ATM offering, and declared a $0.24 monthly dividend for November.
Key figures
- Revenue
- 83700000
- Total Debt
- 19379128000
- Total Assets
- 22467875000
- Liquidity
- $1.0 billion
- Dividends q3
- $0.72 per share ($0.24/month)
- Debt to equity
- 8.24:1
- Implied leverage
- 8.41:1
- November dividend
- $0.24 per share payable 11/27/2026
- Portfolio balance
- $21.3 billion
- Atm capital raised
- $205.7 million (12,366,481 common shares)
- Shares outstanding
- 148415420
- Shares repurchased
- 363,700 shares
- Book value per share
- $14.55 (vs $18.63 at 12/31/2025)
- Total economic return
- -12.9%
- Economic net interest spread
- 1.83%
- Distributable earnings common
- $102.3 million ($0.71/share)
AI analysis
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