ARMOUR REIT (ARR) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 19, 2026 astatine 9:14 AM CST 20 min read

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Thursday, February 19, 2026 astatine 9 a.m. ET

• Chief Executive Officer — Scott Ulm

• Chief Financial Officer — Gordon Mackay Harper

• Chief Investment Officer — Desmond E. Macauley

• Chief Risk Officer — Sergey Losyev

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Gordon Mackay Harper: Q4 was a beardown 4th for ARMOUR Residential REIT, Inc., with a full economical instrumentality of 10.63% for the 4th arsenic we benefited from MBS spreads tightening, little MBS volatility, and a little involvement complaint environment. The marketplace momentum we saw successful Q4 has continued truthful acold into Q1. ARMOUR Residential REIT, Inc.'s Q4 GAAP nett income disposable to communal stockholders was $28.7 million, oregon $1.86 per share. Net involvement income was $50.4 million. Distributable net disposable to communal stockholders was $79.8 million, oregon $0.71 per communal share. This non-GAAP measurement is defined arsenic nett involvement income positive TBA driblet income, adjusted for involvement income oregon disbursal connected our involvement complaint swaps and futures contracts minus nett operating expenses.

Gordon Mackay Harper: Q4 publication worth was $18.63 per communal share, up 6.5% from September 30. Our astir caller existent disposable estimation of publication worth arsenic of Tuesday, February 17, 2026, was $18.37 per communal share, which reflects the outgo of our January dividend of $0.24 and the accrual of the full February communal dividend payable connected 02/27/2026, again, of $0.24 per communal share. During Q4, ARMOUR Residential REIT, Inc. raised astir $3.8 cardinal of superior by issuing astir 183,000 shares of preferred banal done an at-the-market offering program. Through 02/11/2026, we person raised astir $138 cardinal of superior nether our communal at-the-market programme by issuing astir 7.5 cardinal shares of communal stock, which is mildly dilutive.

We besides issued $4.8 cardinal of superior from the issuance of 230,000 shares of preferred banal nether our preferred at-the-market program.

Gordon Mackay Harper: ARMOUR Residential REIT, Inc. paid monthly communal dividends per stock of $0.24 per communal stock per period for a full of $0.72 for the quarter. As we person stated previously, we purpose to wage an charismatic dividend that is due successful discourse and unchangeable implicit the mean term. On January 29, 2026, we paid a currency dividend of $0.24 per outstanding communal stock to the holders of grounds astatine 01/15/2026. We person besides declared currency dividends of $0.24 per outstanding communal share, payable connected February 27, 2026, and 03/30/2026 to holders of grounds of February 17 and March 16, respectively.