
Q2 2025 Results - ARMOUR Residential REIT reported a GAAP net loss of $78.6 million or $0.94 per common share for Q2 2025 [6] - Net interest income was $33.1 million, with distributable earnings available to common stockholders amounting to $64.9 million, or $0.77 per common share [6][18] - The total economic return for Q2 2025 was -5.22% [6] Financial Position as of June 30, 2025 - Total stockholders' equity increased to $1,659.9 million from $1,361.4 million at the end of 2024 [7] - Book value per common share decreased to $16.90 from $19.07 at the end of Q1 2025 [7] - The company's portfolio totaled $15.4 billion, primarily consisting of 94.1% Agency mortgage-backed securities [6][9] Capital and Liquidity - ARMOUR raised $104.6 million by issuing 6,303,710 shares of common stock through an at-the-market offering program [6] - Liquidity, including cash and unencumbered securities, was reported at $772.9 million [6] - The debt to equity ratio was 7.72:1, indicating significant leverage [6] Dividend Information - The company paid monthly cash dividends of $0.24 per share for Q2 2025, with future dividends to be determined based on financial performance [23][25] - A cash dividend of $0.24 per share is scheduled for payment on July 30, 2025 [23] Investment Strategy - ARMOUR primarily invests in fixed-rate residential, adjustable-rate, and hybrid adjustable-rate residential mortgage-backed securities [26] - The company is externally managed by ARMOUR Capital Management LP, which is registered with the SEC [26]