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ARMOUR Residential REIT, Inc. ARR

Listed / Traded Mortgage NYSE Mgmt:

ARMOUR Residential REIT, Inc. (ARR), founded in 2008 and based in Vero Beach, Florida, primarily allocates its capital to residential mortgage-backed securities (MBS) within the United States. Its investment holdings predominantly comprise MBS that are either issued or guaranteed by U.S. Government-sponsored entities (GSEs) and the Government National Mortgage Association (GNMA. These securities are underpinned by various home loans, including fixed-rate, hybrid adjustable-rate, and adjustable-rate mortgages. The company's portfolio also encompasses unsecured debt instruments and bonds from GSEs, U.S. Treasury securities, and money market funds. Furthermore, ARR invests in other residential mortgage-backed securities where the principal and interest payments lack a guarantee from a GSE or other government agency. As a Real Estate Investment Trust (REIT) under the Internal Revenue Code, the company benefits from an exemption from corporate income tax on the portion of its net earnings that is distributed to its shareholders.

Snapshot

Price
$16.68
Market cap
$2.07B
Enterprise value
$20.47B
Dividend yieldi
17.27%
Annual dividendi
$2.88
Frequency
Monthly
FFO / sharei
Not reported (common for mortgage REITs)
Distributable EPS / sharei
$0.76 · Q1 2026
Net debt / EBITDAi
24.07x · GAAP est.
Op. cash flow / sharei
$1.32
Price / OCFi
12.66
Payout (% of OCF)i
218.59%
Debt / book capitali
88.76%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / Distributable EPS / leverage are from the Q1 2026 earnings release (filed 2026-04-22) — 8-K, EX-99.1.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

Balance sheet (latest FY: 2025)

Total debt
$17.94B
Cash
$63.27M
Net debt / EBITDAi
24.07x
Debt / book capitali
88.76%
Total assets
$21.01B
Total equity
$2.26B
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Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $1.31B $322.69M $2.03M $966.80M $124.20M
2024 $239.90M $-14.39M $0.00 $509.75M $261.46M
2023 $449.67M $-67.92M $0.00 $457.87M $132.82M
2022 $-877.95M $-229.93M $16.51M $-92.62M $124.08M
2021 $4.89M $15.36M $48.11M $70.58M $11.74M
2020 $-213.22M $-215.11M $53.41M $-98.73M $-257.82M

Dividends

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-06-152026-06-152026-06-29 2026-05-28$0.24Monthly
2026-05-152026-05-152026-05-28 2026-04-21$0.24Monthly
2026-04-152026-04-152026-04-29 2026-03-25$0.24Monthly
2026-03-162026-03-162026-03-30 2026-02-17$0.24Monthly
2026-02-172026-02-172026-02-27 2026-01-29$0.24Monthly
2026-01-152026-01-152026-01-29 2025-12-23$0.24Monthly
2025-12-152025-12-152025-12-29 2025-11-26$0.24Monthly
2025-11-172025-11-172025-11-28 2025-10-21$0.24Monthly
2025-10-152025-10-152025-10-30 2025-09-24$0.24Monthly
2025-09-152025-09-152025-09-29 2025-08-27$0.24Monthly
2025-08-152025-08-152025-08-29 2025-07-22$0.24Monthly
2025-07-152025-07-152025-07-30 2025-06-24$0.24Monthly
2025-06-162025-06-162025-06-27 2025-05-29$0.24Monthly
2025-05-152025-05-152025-05-29 2025-04-22$0.24Monthly
2025-04-152025-04-152025-04-29 2025-03-25$0.24Monthly
2025-03-172025-03-172025-03-27 2025-02-11$0.24Monthly
2025-02-142025-02-142025-02-27 2025-01-30$0.24Monthly
2025-01-152025-01-152025-01-30 2024-12-26$0.24Monthly
2024-12-162024-12-162024-12-30 2024-11-27$0.24Monthly
2024-11-152024-11-152024-11-27 2024-10-22$0.24Monthly
2024-10-152024-10-152024-10-30 2024-09-24$0.24Monthly
2024-09-162024-09-162024-09-27 2024-08-29$0.24Monthly
2024-08-152024-08-152024-08-29 2024-07-23$0.24Monthly
2024-07-152024-07-152024-07-30 2024-06-24$0.24Monthly

Coverage (payout of operating cash flow): 218.59%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.