Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Q1 2026 Earnings Presentation
13 slides from Armour Residential Reit's earnings presentation, Apr 23, 2026
Slide 1: ARMOUR Residential REIT Q1 2026 Investor Presentation
APRIL 22, 2026 ARMOUR RESIDENTIAL REIT Q1 2026 Investor Presentation 1
Slide 2: Corporate Profile
CORPORATE PROFILE ARMOUR Residential REIT, Inc. (NYSE: ARR) ARMOUR Residential REIT, Inc. (“ARMOUR”; NYSE: ARR) brings private capital into the mortgage markets to support home ownership for a broad and diverse spectrum of homeowners. We seek to create shareholder value through thoughtful investment
Slide 3: Quarterly Highlights
Quarterly Highlights Q1 2026 Q4 2025 Q3 2025 Q2 2025 Dividend/Share ($) 0.72 0.72 0.72 0.72 Distributable Earnings(1)/Share ($) 0.76 0.71 0.72 0.77 Book Value/Share ($) 17.42 18.63 17.49 16.90 Total Economic Return(2) (2.6)% 10.6% 7.8% (5.2)% Portfolio Balance (in $ millions) 21,071.5 20,015.8 18,18
Slide 4: Markets Overview
Markets Overview 30yr Mortgage Rate & Par Coupon Yield (%) 7.00 6.50 5.50 5.00 450 Pb oo Pb bP oO OS oP PP PP GP PP Fr HF FP SF eo ey a we gr wh ah wh gh” — 30 FNCL ParCpn Yield 30Y Mortgage Rate Agency MBS Spreads to Swaps & Treasuries 228 Mas CCvs 5/108 SOFR Mas Coys 5/108 Trsy Interest Rates Impl
Slide 5: Investment Portfolio
Investment Portfolio as of 3/31/2026 5
Slide 6: Portfolio Summary as of Mar 31, 2026
Portfolio Summary as of Mar 31, 2026 Market Value Effective ARMOUR Portfolio Composition % of Portfolio ARMOUR Key Data (in $ millions) Duration Agency CMBS 6.2 % 1,301 5.07 Common Stock Price ($) 16.68 30 Year Fixed Rate Pools 86.4 % 18,196 4.05 Debt-Equity (1) 7.9 Conventionals 84.0 % 17,710 4.07
Slide 7: Financing Summary as of Mar 31, 2026
Financing Summary as of Mar 31, 2026 ARMOUR Repo Principal Borrowed % of Repo Positions with Weighted Average Weighted Average Longest Maturity (days) Composition (in $ millions) ARMOUR Original Term (days) Remaining Term (days) BUCKLER Securities LLC (5) 8,021 43.4 % 60 20 48 All Other Counterparti
Slide 8: Condensed Financials
Condensed Financials as of 3/31/2026 8
Slide 9: Condensed Balance Sheets (unaudited)
Condensed Balance Sheets (unaudited) March 31, 2026 December 31, 2025 $ in thousands Assets Cash and cash equivalents $ 66,471 $ 63,270 Cash collateral posted to counterparties 147,707 226,701 Agency Securities 19,497,548 19,417,640 U.S. Treasury Securities 989,541 598,109 Derivatives, at fair value
Slide 10: Condensed Statements of Operations (unaudited)
Condensed Statements of Operations (unaudited) For the Three Months Ended March 31, 2026 2025 $ in thousands, except per share amounts Interest Income Interest Income $ 249,201 $ 172,881 Interest expense (178,487) (136,540) Net Interest Income $ 70,714 $ 36,341 Other Income (Loss) Gain (Loss) on Age
Slide 11: Distributable Earnings Non-GAAP Reconciliation
Distributable Earnings Non-GAAP Reconciliation(1) Q1 2026 Q4 2025 $ in millions except, share and per share Net Interest Income $ 70.7 $ 50.4 TBA Drop and interest margin income 0.8 — Net interest income on interest rate swaps 35.7 44.5 Net interest income on futures contracts 1.8 1.9 Total Expenses
Slide 12: Footnotes
Footnotes SLIDES 3 and 11 1. Distributable Earnings is a non-GAAP measure defined as net interest income plus TBA Drop Income adjusted for the net coupon effect of interest rate swaps and futures contracts minus net operating expenses (see page 11 for the reconciliation of the elements of Distributa
Slide 13: Disclaimers
Disclaimers ARMOUR is externally managed by ARMOUR Capital Management LP, which is The statements, information and estimates contained herein are based on also the majority owner of BUCKLER Securities LLC, a FINRA registered information that the Company believes to be reliable as of today's date unl
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