The earnings call reflected a generally positive outlook with increased book value and strong economic returns, supported by favorable conditions from the Fed's rate cuts. However, challenges like increased prepayment rates and the implications of the federal government shutdown introduce some concerns.
Company Guidance
During the ARMOUR Residential REIT Third Quarter 2025 earnings call, the company shared several financial metrics that reflect its performance and strategic actions. ARMOUR reported a GAAP net income of $156.3 million, translating to $1.49 per common share, and net interest income of $38.5 million. The distributable earnings available to common stockholders were $75.3 million or $0.72 per share. The company achieved a total economic return of 7.75% for the quarter, with an end-of-quarter book value of $17.49 per common share, marking a 3.5% increase from June 30. ARMOUR raised approximately $99.5 million by issuing 6 million shares through an after-market offering and completed a $298.6 million sale of 18.5 million shares in August. Additionally, the company repurchased 700,000 shares in September. ARMOUR paid a dividend of $0.72 per share for the quarter and declared upcoming dividends of $0.24 per share for October and November. The company’s hedging strategy resulted in a net duration of 0.2 years and implied leverage of 8.1x, with 87% of hedges in OIS and SOFR pay fixed swaps.
Increase in Book Value
ARMOUR's quarter-end book value was $17.49 per common share, up 3.5% from June 30, and up 2.8% from August 8.
Strong Economic Return
The total economic return for the quarter was 7.75%, reflecting positive market conditions and effective portfolio management.
Capital Raised and Share Repurchase
ARMOUR raised approximately $99.5 million by issuing 6 million shares and completed a $300 million overnight underwritten bought deal in August.
Positive Impact from Fed's Rate Cuts
The Federal Reserve's easing cycle, including a 25 basis point cut, is expected to create a favorable environment for Agency MBS.
ARMOUR Residential REIT (DE:2AR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:2AR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 22, 2025
€13.58
€13.72
+1.03%
Jul 23, 2025
€13.63
€13.49
-0.98%
Apr 23, 2025
€11.94
€12.27
+2.75%
Feb 12, 2025
€15.95
€16.05
+0.66%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ARMOUR Residential REIT Inc (DE:2AR) report earnings?
ARMOUR Residential REIT Inc (DE:2AR) is schdueled to report earning on Feb 18, 2026, After Close (Confirmed).
What is ARMOUR Residential REIT Inc (DE:2AR) earnings time?
ARMOUR Residential REIT Inc (DE:2AR) earnings time is at Feb 18, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.