Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Q3 2026 Earnings Presentation
13 slides from Armour Residential Reit's earnings presentation, Oct 21, 2026
Slide 1: ARMOUR Residential REIT Q3 2026 Investor Presentation
ARMOUR RESIDENTIAL REIT Q3 2026 Investor Presentation OCTOBER 21, 2026 1
Slide 2: Corporate Profile
CORPORATE PROFILE 2 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 investme
Slide 3: Quarterly Highlights
3 Quarterly Highlights Q3 2026 Q2 2026 Q1 2026 Q4 2025 Dividend/Share ($) 0.72 0.72 0.72 0.72 Distributable Earnings(1)/Share ($) 0.71 0.72 0.76 0.71 Book Value/Share ($) 14.55 17.53 17.42 18.63 Total Economic Return(2) (12.9) % 4.8 % (2.6) % 10.6 % Portfolio Balance (in $ millions) 21,270.7 21,787.
Slide 4: Markets Overview
Markets Overview 30yr Mortgage Rate & Par Coupon Yield Agency MBS Spreads to UST & Swaps Yield Curve Steepness: 3M/10Ys, “its a 2Y/10Ys, 5Y/30Ys 12 so vs 1m ws 700 F 450 88 cc 5108 Ty was ccvs$it0e SoFR eo 00 i 3mx10y & tyx10y Swaption Implied Volatility m x0 sso 10s sa 500 a 1 $e © s PP PP POP OP r
Slide 5: Investment Portfolio as of 9/30/2026
5 Investment Portfolio as of 9/30/2026
Slide 6: Portfolio Summary
6 Portfolio Summary ARMOUR Portfolio Composition % of Portfolio Market Value (in $ millions) Effective Duration Agency CMBS 5.8 % 1,230 6.41 30 Year Fixed Rate Pools 88.2 % 18,762 5.52 Conventionals 85.5 % 18,192 5.51 30yr 2.0s 1.1 % 228 7.23 30yr 2.5s 1.0 % 208 7.49 30yr 3.0s 2.9 % 607 7.20 30yr 3.
Slide 7: Financing and Hedging Summary
7 Financing and Hedging Summary ARMOUR Hedge Type Notional (in $ millions)(7) ARMOUR Repo Composition Principal Borrowed (in $ millions) % of Repo Positions with ARMOUR Weighted Average Original Term (days) Weighted Average Remaining Term (days) Longest Maturity (days) BUCKLER Securities LLC (5) 9,6
Slide 8: Condensed Financials as of 9/30/2026
8 Condensed Financials as of 9/30/2026
Slide 9: Condensed Balance Sheets (unaudited)
9 Condensed Balance Sheets (unaudited) September 30, 2026 December 31, 2025 $ in thousands Assets Cash and cash equivalents $ 99,666 $ 63,270 Cash collateral posted to counterparties 34,209 226,701 Agency Securities 19,991,917 19,417,640 U.S. Treasury Securities 473,975 598,109 Receivable for unsett
Slide 10: Condensed Statements of Operations (unaudited)
10 Condensed Statements of Operations (unaudited) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2026 2025 2026 2025 $ in thousands, except per share amounts Interest Income Interest Income $ 274,342 $ 210,182 $ 787,413 $ 563,949 Interest expense (190,599) (171,665)
Slide 11: Distributable Earnings Non-GAAP Reconciliation
11 Distributable Earnings Non-GAAP Reconciliation (1) Q3 2026 Q2 2026 $ in millions except, share and per share Net Interest Income $ 83.7 $ 76.8 TBA Drop and interest margin income 3.4 1.2 Net interest income on interest rate swaps 31.8 33.3 Net interest income on futures contracts 3.2 2.4 Total Ex
Slide 12: Footnotes and Definitions
12 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 Distributable Ear
Slide 13: Forward-Looking Statements
13 Certain statements made in this presentation regarding ARMOUR Residential REIT, Inc. (“ARMOUR” or the “Company”), and any other statements regarding ARMOUR’s future expectations, beliefs, goals or prospects constitute “forward-looking statements” made within the meaning of the safe harbor provisi
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