Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Q2 2026 Earnings Presentation
13 slides from Armour Residential Reit's earnings presentation, Jul 23, 2026
Slide 1: ARMOUR Residential REIT Q2 2026 Investor Presentation
JULY 22, 2026 ARMOUR RESIDENTIAL REIT Q2 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 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Dividend/Share ($) 0.72 0.72 0.72 0.72 Distributable Earnings(1)/Share ($) 0.72 0.76 0.71 0.72 Book Value/Share ($) 17.53 17.42 18.63 17.49 Total Economic Return(2) 4.8% (2.6)% 10.6% 7.8% Portfolio Balance (in $ millions) 21,787.2 21,071.5 20,015.
Slide 4: Markets Overview
Markets Overview 30yr Mortgage Rate & Par Coupon Yield 205 7.00 175 6.50 125 ca 6.00 va & as 5.50 100 % * 5.00 85 so % 70 6 Co r ~ rid we ar Cy o 307 FNCL Par Con Yield 30Y Mortgage Rate Agency MBS Spreads to UST & Swaps Yield Curve Steepness: 3M/10Ys, 2¥/10Ys, S5Y/30Ys 150 120 90 Se er er re De De
Slide 5: Investment Portfolio
Investment Portfolio as of 6/30/2026 5
Slide 6: Portfolio Summary as of June 30, 2026
Portfolio Summary as of June 30, 2026 Market Value Effective ARMOUR Portfolio Composition % of Portfolio ARMOUR Key Data (in $ millions) Duration Agency CMBS 5.4 % 1,168 6.08 Common Stock Price ($) 17.45 30 Year Fixed Rate Pools 89.2 % 19,428 4.15 Debt-Equity (1) 7.5 Conventionals 86.7 % 18,890 4.15
Slide 7: Financing Summary as of June 30, 2026
Financing Summary as of June 30, 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) 9,102 46.8 % 52 27 101 All Other Counterpar
Slide 8: Condensed Financials
Condensed Financials as of 6/30/2026 8
Slide 9: Condensed Balance Sheets
Condensed Balance Sheets (unaudited) June 30, 2026 December 31, 2025 $ in thousands Assets Cash and cash equivalents $ 83,679 $ 63,270 Cash collateral posted to counterparties 351,772 226,701 Agency Securities 20,596,296 19,417,640 U.S. Treasury Securities 587,348 598,109 Receivable for unsettled sa
Slide 10: Condensed Statements of Operations
Condensed Statements of Operations (unaudited) For the Three Months Ended June 30, For the Six Months Ended June 30, 2026 2025 2026 2025 $ in thousands, except per share amounts Interest Income Interest Income $ 263,870 $ 180,886 $ 513,071 $ 353,767 Interest expense (187,051) (147,781) (365,538) (28
Slide 11: Distributable Earnings Non-GAAP Reconciliation
Distributable Earnings Non-GAAP Reconciliation(1) Q2 2026 Q1 2026 $ in millions except, share and per share Net Interest Income $ 76.8 $ 70.7 TBA Drop and interest margin income 1.2 0.8 Net interest income on interest rate swaps 33.3 35.7 Net interest income on futures contracts 2.4 1.8 Total Expens
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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