ARMOUR Residential REIT Q1 book value per share falls

ARMOUR Residential REIT

22/04/2026 21:23

Overview

Mortgage REIT posted Q1 GAAP net loss, with book value per share down 6.5%

Distributable earnings per share rose to $0.76 from $0.71 in Q4 2025

Company raised $215.3 mln via common stock issuance and repurchased 125,000 shares

Outlook

Company says future common dividend rates will be evaluated as quarter progresses

ARMOUR says it will maintain robust liquidity and adjust hedges for risk management

Company prioritizes dividends appropriate for intermediate term over short-term market fluctuations

Result Drivers

MBS AND TREASURY LOSSES - Losses on mortgage-backed securities and U.S. Treasury securities weighed on results

HEDGING GAINS - Gains on interest rate swaps and futures contracts partially offset investment losses

MARKET VOLATILITY - Co cited market turbulence and MBS volatility due to geopolitical events as affecting Q1 performance, per CEO Scott Ulm

Company press release: ID:nGNX1lLRSJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Distributable Earnings
$90.5 mln
Q1 Net Interest Income
$70.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for ARMOUR Residential REIT Inc is $18.50, about 6% above its April 21 closing price of $17.45

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)