Core Viewpoint - ARMOUR Residential REIT, Inc. reported strong Q3 2025 results, highlighting significant net income and an increase in book value per common share, alongside strategic capital activities and a robust portfolio composition [1][6][22]. Q3 2025 Results - GAAP net income available to common stockholders was $156.3 million, or $1.49 per common share [6]. - Net interest income reached $38.5 million, with distributable earnings available to common stockholders at $75.3 million, translating to $0.72 per common share [6][17]. - Total economic return for Q3 2025 was 7.75%, with a book value per common share of $17.49, reflecting a 3.5% increase from the previous quarter [6][8]. September 30, 2025 Financial Position - Total stockholders' equity increased to $2.1288 billion, up from $1.3614 billion at the end of 2024 [7][11]. - The company's portfolio totaled $18.2 billion, primarily composed of 97.9% Agency mortgage-backed securities [6][9]. - Liquidity, including cash and unencumbered securities, was reported at $1.1 billion [6]. Capital Activities - In August, ARMOUR completed the sale of 18,500,000 shares of common stock for approximately $298.6 million [6]. - The company raised an additional $99.5 million by issuing 5,994,201 shares of common stock through an at-the-market offering program [6]. - A stock repurchase program resulted in the repurchase of 684,102 shares of common stock [6]. Dividends - ARMOUR paid monthly cash dividends of $0.24 per share for Q3 2025, with future dividends declared for October and November 2025 [22][23].
ARMOUR Residential REIT, Inc. Announces Q3 Results and September 30, 2025 Financial Position