ARMOUR Residential REIT (ARR) details $21.9B portfolio, 17.5% yield and high leverage
Rhea-AI Filing Summary
ARMOUR Residential REIT, Inc. provides an August 2026 portfolio update showing a leveraged agency mortgage-backed securities strategy. The investment portfolio totals $21,931 million, with agency assets comprising 94.6% and 30-year fixed-rate pools 88.9% of the portfolio by market value. Repo funding is $19,309 million, largely short-term, with 48.2% from affiliated BUCKLER Securities LLC. Debt-equity leverage is 7.6x, and implied leverage is 7.9x. Liquidity is $1,272.5 million, equal to 50% of total capital. Common stock trades at $16.47, with an August 2026 monthly dividend of $0.24 per share and a stated current dividend yield of 17.5%. Interest rate swaps total $16,514 million notional with a weighted average remaining term of 52 months and average pay rate of 2.83%, used to manage interest rate risk.
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Filing Explained
The August 14 8-K furnishes an unaudited portfolio update; it changes reported information, not the company’s disclosed securities or ownership structure.
Form 8-K reports specified material events, and this Item 7.01 filing records that ARMOUR Residential REIT furnished a presentation on
The presentation is furnished under Regulation FD and is not deemed filed under the Exchange Act unless ARMOUR expressly incorporates it into another filing. It also states that the information is unaudited and that pricing and duration estimates rely on third-party models.
The portfolio and key data are stated 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, and exhibit attachments filed with this report.
Key Figures
Total Portfolio: $21,931 million
Agency Portfolio Share: 94.6 %
Debt-Equity Ratio: 7.6
+5 more
8 metrics
Total Portfolio
$21,931 million
Market value of total investment portfolio as of 07/31/26
Agency Portfolio Share
94.6 %
Percentage of portfolio invested in agency securities
Debt-Equity Ratio
7.6
Total repo divided by shareholders’ equity
Implied Leverage
7.9
Total repo plus net TBA market value divided by shareholders’ equity
Liquidity
$1,272.5 million
Cash plus unencumbered agency and U.S. government securities
Liquidity as % of Total Capital
50 %
Liquidity relative to total capital
August 2026 Common Dividend
$0.24 per share
Monthly common dividend for August 2026
Current Dividend Yield
17.5 %
Stated current yield on common stock
Key Terms
repurchase financing, effective duration, implied leverage, interest rate swaps, +1 more
5 terms
repurchase financing financial
"access to equity capital and repurchase financing at potentially attractive rates and terms"
effective duration financial
"ARMOUR Portfolio Composition | % of Portfolio | Market Value (in $ millions) | Effective Duration"
A bond's effective duration measures how much its price is likely to change when market interest rates move a small amount, taking into account the bond's actual expected cash flows and any features like call or put options. Investors use it like a car's suspension rating: the higher the number, the more sensitive the bond (or a bond portfolio) is to rate swings, so it helps gauge interest-rate risk and set appropriate hedges or allocation sizes.
implied leverage financial
"Implied Leverage is Total Repo plus TBA market value net of forward settling trades"
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
"constitute “forward-looking statements” made within the meaning of the safe harbor provisions"
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
What is ARMOUR Residential REIT (ARR)'s total investment portfolio size in the August 2026 update?
ARMOUR reports a total investment portfolio of $21,931 million as of July 31, 2026. This portfolio is predominantly agency mortgage-backed securities, with 30-year fixed-rate pools making up most of the exposure.
What leverage levels does ARMOUR Residential REIT (ARR) report in this 8-K?
ARMOUR reports a Debt-Equity ratio of 7.6 and an Implied Leverage of 7.9. Implied leverage is defined as total repo plus TBA market value, net of forward settling trades, divided by shareholders’ equity.
How much liquidity does ARMOUR Residential REIT (ARR) have in this update?
ARMOUR reports $1,272.5 million of liquidity, representing 50% of total capital. Liquidity is defined as cash plus unencumbered agency and U.S. government securities, excluding any forward settling trades.
What dividend and yield does ARMOUR Residential REIT (ARR) state for August 2026?
For August 2026, ARMOUR declares a $0.24 common dividend per share, with a stated current dividend yield of 17.5%. The ex-dividend and record date are August 17, 2026, and the pay date is August 28, 2026.
How much repo funding and counterparty concentration does ARMOUR Residential REIT (ARR) disclose?
Total repo funding is $19,309 million, with 48.2% of positions through affiliated BUCKLER Securities LLC and 51.8% with other counterparties. Weighted average original repo term is 42 days with 16 days remaining.
What is the size and profile of ARMOUR Residential REIT (ARR)'s interest rate swap book?
ARMOUR’s interest rate swaps total $16,514 million notional, with a weighted average remaining term of 52 months and a weighted average rate of 2.83%. Maturities are laddered from under 12 months 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) August 14, 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 August 14, 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 August 14, 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: August 14, 2026
ARMOUR RESIDENTIAL REIT, INC.
By: /s/ Gordon M. Harper
Name: Gordon M. Harper
Title: Chief Financial Officer
