Armour REIT details $22.7B MBS portfolio, 17.8% yield
ARMOUR Residential REIT’s September 2026 update outlines a $22.7 billion MBS portfolio, high leverage, substantial liquidity, and a 17.8% dividend yield.
Rhea-AI Filing Summary
ARMOUR Residential REIT, Inc. (ARR) furnished a September 2026 investor presentation providing a monthly update on its agency mortgage-backed securities portfolio and capital structure. The company reported a total investment portfolio of $22.7 billion, with 93.9% in agency securities and additional positions in TBAs and U.S. Treasuries. Key metrics included debt‑to‑equity of 7.5x, implied leverage of 7.9x, and liquidity of $1.33 billion, equal to 50% of total capital. ARMOUR’s common stock price was $16.22, with a $0.24 common dividend for September 2026 and a stated current dividend yield of 17.8%. Repurchase funding totaled $19.8 billion, split evenly between affiliated BUCKLER Securities LLC and other counterparties, and interest rate swaps had $17.0 billion notional with a 2.87% weighted average fixed rate.
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Filing Explained
This is an unaudited August 31 information update, not a disclosed issuance or ownership change for existing common holders.
This Form 8-K furnishes an Item 7.01 presentation, currently an information disclosure rather than a completed transaction; it updates portfolio and operating information without stating a new issuance or ownership transfer for common holders.
The presentation’s reported figures are as of
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Total Portfolio: $22.665 billion
Agency Portfolio Share: 93.9%
Debt‑to‑Equity Ratio: 7.5x
+5 more
8 metrics
Total Portfolio
$22.665 billion
Total investment portfolio market value as of August 31, 2026
Agency Portfolio Share
93.9%
Portion of portfolio invested in agency securities
Debt‑to‑Equity Ratio
7.5x
Total repo divided by shareholders’ equity
Implied Leverage
7.9x
Total repo plus TBA market value net of forward settling trades divided by shareholders’ equity
Liquidity
$1.334 billion
Cash plus unencumbered agency and U.S. government securities, 50% of total capital
Common Stock Price
$16.22
Common stock price cited in September 2026 key data
September 2026 Common Dividend
$0.24 per share
September 2026 monthly common dividend
Current Dividend Yield
17.8%
Yield associated with the stated common stock price and dividend
Key Terms
repurchase financing, Implied Leverage, Agency CMBS, TBA, +2 more
6 terms
repurchase financing financial
"access to equity capital and repurchase financing at potentially attractive rates"
Implied Leverage financial
"Implied Leverage is Total Repo plus TBA market value net of forward"
Agency CMBS financial
"ARMOUR Portfolio Composition | % of Portfolio | Market Value (in $ millions) | Effective Duration Agency CMBS"
Agency CMBS are bonds made by pooling commercial real estate loans (like office, retail or apartment mortgages) and selling slices to investors, with the offering issued or guaranteed by a government-backed agency. They matter because the agency backing typically lowers default risk and makes the bonds easier to buy and sell, so investors treat them like a relatively safer, more liquid way to get income — but they still face interest-rate and prepayment risks.
TBA financial
"UMBS 30yr 5.5 TBA | 1.7 % | 396 | 4.47"
tba stands for "to be announced" and is used when specific details—such as a date, amount, participant, or location—have not yet been finalized or released. For investors it flags incomplete information that could affect timing, valuation, or risk; think of it as a calendar placeholder that tells you to watch for an update before making a decision based on the missing detail.
interest rate swaps financial
"ARMOUR Interest Rate Swaps Maturity (months) | Notional Amount (in $ millions)"
A contract between two parties to exchange streams of interest payments, typically swapping a fixed-rate payment for a floating-rate payment or vice versa. Think of it like two neighbors agreeing to trade the type of mortgage payments they make to reduce uncertainty or take advantage of expected rate moves; investors care because swaps change a company’s borrowing costs and risk exposure, which can materially affect cash flow, creditworthiness, and valuation.
forward-looking statements regulatory
"Certain statements made in this presentation regarding ARMOUR Residential REIT, Inc."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What portfolio size did ARMOUR Residential REIT (ARR) report in the September 2026 update?
ARMOUR reported a total investment portfolio of $22.665 billion, primarily composed of agency mortgage-backed securities, with smaller positions in TBA securities and U.S. Treasury long positions.
How is ARMOUR Residential REIT’s (ARR) portfolio allocated between agency and other assets?
ARMOUR reported that 93.9% of its portfolio was in agency securities. Net TBA positions represented 3.5%, and U.S. Treasury long positions accounted for 2.6% of the total portfolio as of August 31, 2026.
What leverage levels did ARMOUR Residential REIT (ARR) disclose in the September 2026 presentation?
ARMOUR disclosed a debt‑to‑equity ratio of 7.5x and an implied leverage ratio of 7.9x, with implied leverage defined as total repo plus TBA market value net of forward settling trades divided by shareholders’ equity.
What liquidity position did ARMOUR Residential REIT (ARR) report?
ARMOUR reported liquidity of $1.334 billion, defined as cash plus unencumbered agency and U.S. government securities, excluding forward settling trades. This represented 50% of the company’s total capital.
What dividend and yield did ARMOUR Residential REIT (ARR) state for September 2026?
For September 2026, ARMOUR stated a common dividend of $0.24 per share, with an ex‑dividend/record date of September 15, 2026 and a pay date of September 29, 2026. The presentation cited a current dividend yield of 17.8%.
How much repo financing and from whom does ARMOUR Residential REIT (ARR) use?
ARMOUR reported total repurchase agreement funding of $19.762 billion, with 50.0% from affiliated BUCKLER Securities LLC and 50.0% from all other counterparties, and a weighted average original term of 47 days.
What did ARMOUR Residential REIT (ARR) disclose about its interest rate swaps?
ARMOUR disclosed total interest rate swaps notional of $17.029 billion, with a weighted average remaining term of 52 months and a weighted average fixed rate of 2.87%, across various maturity buckets up to more than 120 months.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
FORM 8-K
______________
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) September 11, 2026
(Exact Name of Registrant as Specified in Its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||
(772 ) 617-4340
(Registrant’s Telephone Number, Including Area Code)
n/a
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading symbols | Name of Exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by a check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Item 7.01. Regulation FD Disclosure.
On September 11, 2026 , ARMOUR Residential REIT, Inc. (“ARMOUR”) produced for distribution a presentation, which contains updates on ARMOUR's financial position, business and operations. Attached as Exhibit 99.1 to this report is the presentation produced by ARMOUR.
The presentation attached to this report as Exhibit 99.1 is furnished pursuant to this Item 7.01 and shall not be deemed filed in this or any other filing of ARMOUR under the Securities Exchange Act of 1934, as amended, unless expressly incorporated by specific reference in any such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||||
| 99.1 | Presentation dated September 11, 2026 | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 11, 2026
ARMOUR RESIDENTIAL REIT, INC.
By: /s/ Gordon M. Harper
Name: Gordon M. Harper
Title: Chief Financial Officer
