ARMOUR Residential REIT (NYSE: ARR) shows 7.7 leverage, 16.5% yield
Rhea-AI Filing Summary
ARMOUR Residential REIT, Inc. produced a July 2026 investor presentation providing updated information on its mortgage-backed securities portfolio, funding and hedging. The portfolio had a market value of 21,787 million as of June 30, 2026, with 94.5% in agency securities and 89.2% in 30‑year fixed‑rate pools.
Key metrics included a common stock price of 17.45, debt‑equity of 7.5, implied leverage of 7.7, liquidity of 1,222.2 million equal to 47% of total capital, and Q2 2026 market capitalization of 2,379.7 million. The August 2026 common dividend is 0.24 per share, with an ex‑dividend date of August 17, 2026 and payment on August 28, 2026, and a current dividend yield of 16.5%.
Funding consisted of 19,442 million of repurchase agreements, 46.8% with affiliate BUCKLER Securities LLC, and interest rate swaps with 15,889 million notional, a 52‑month weighted average remaining term and a 2.78% weighted average rate. The company notes that information is unaudited, partly based on third‑party estimates, and subject to forward‑looking statement risks.
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Filing Explained
The July 22 presentation is furnished, not filed, and adds that ARMOUR owns 10.8% of its largest repurchase-financing affiliate.
This
The presentation states that ARMOUR owns a
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 Market Value: 21,787 million
Agency Portfolio Share: 94.5 %
Debt-Equity Ratio: 7.5
+5 more
8 metrics
Total Portfolio Market Value
21,787 million
Market value of portfolio as of June 30, 2026
Agency Portfolio Share
94.5 %
Portion of portfolio invested in agency securities
Debt-Equity Ratio
7.5
Debt-Equity (1) from Key Data table
Implied Leverage
7.7
Implied Leverage (2) based on repo and TBA exposure
Liquidity
1,222.2 million
Liquidity (3) as of June 30, 2026
Liquidity as % of Total Capital
47 %
Liquidity as Percentage of Total Capital from Key Data
August 2026 Common Dividend
0.24
Per-share common dividend for August 2026
Current Dividend Yield
16.5 %
Yield on common stock based on current dividend
Key Terms
repurchase financing, Implied Leverage, Agency CMBS, Net TBA Positions, +2 more
6 terms
repurchase financing financial
"access to equity capital and repurchase financing at potentially attractive rates"
Implied Leverage financial
"Implied Leverage (2) | 7.7 Liquidity (3) (in millions)"
Agency CMBS financial
"ARMOUR Portfolio Composition ... Agency CMBS | 5.4 % | 1,168"
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.
Net TBA Positions financial
"UMBS 30yr 6.0 TBA | 0.9 % ... Net TBA Positions | 2.8 %"
interest rate swaps financial
"ARMOUR Interest Rate Swaps Maturity (months) | Notional Amount"
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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did ARMOUR Residential REIT (ARR) communicate in its July 2026 update?
ARMOUR Residential REIT released a July 2026 presentation with portfolio, funding, hedging and dividend data. It highlighted a portfolio market value of 21,787 million, detailed leverage and liquidity metrics, repurchase funding sources, interest rate swaps, and the planned August 2026 common dividend.
What is ARMOUR Residential REIT (ARR)'s portfolio size and composition as of June 30, 2026?
As of June 30, 2026, ARMOUR reported a portfolio market value of 21,787 million. About 94.5% was in agency securities, with 89.2% in 30‑year fixed‑rate pools and 5.4% in Agency CMBS, reflecting a focus on long‑duration mortgage-backed securities.
What leverage and liquidity metrics did ARMOUR Residential REIT (ARR) report?
ARMOUR reported a debt‑equity ratio of 7.5 and Implied Leverage of 7.7. Liquidity totaled 1,222.2 million, representing 47% of total capital. Liquidity consists of cash plus unencumbered agency and U.S. government securities, excluding forward‑settling trades.
What dividend and yield did ARMOUR Residential REIT (ARR) outline for August 2026?
The company set its August 2026 common dividend at 0.24 per share. The ex‑dividend and record date is August 17, 2026, with payment on August 28, 2026. Based on reported data, the current common dividend yield is 16.5%.
How is ARMOUR Residential REIT (ARR) funding its portfolio and managing interest rate risk?
ARMOUR listed repurchase agreements totaling 19,442 million, with 46.8% from affiliated BUCKLER Securities LLC. It also held interest rate swaps with 15,889 million notional, a 52‑month weighted average remaining term and a 2.78% weighted average rate to manage interest rate exposure.
Are ARMOUR Residential REIT (ARR)'s July 2026 figures audited or estimates?
The company stated that the July 2026 information is unaudited and not reviewed by independent public accountants. Pricing and duration data come from independent third‑party models, may rely on assumptions, and actual realized results can differ materially from these estimates.
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) July 22, 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 July 22, 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 July 22, 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: July 22, 2026
ARMOUR RESIDENTIAL REIT, INC.
By: /s/ Gordon M. Harper
Name: Gordon M. Harper
Title: Chief Financial Officer
