Armour Residential Reit, Inc. · NYSE:ARR
Armour Residential Reit — Q3 2026 Earnings Presentation
13 slides from Armour Residential Reit's earnings presentation, Oct 21, 2026
Slide 1: Q3 2026 Investor Presentation
OCTOBER 21, 2026 ARMOUR RESIDENTIAL REIT Q3 2026 Investor Presentation 1
Slide 2: Corporate Profile
CORPORATE PROFILE ARMOUR Residential REIT, Inc. (NYSE: ARR) ARMOUR Residential REIT, Inc. (“ARMOUR”; NYSE: ARR) brings private capital into the mortgage markets to support home ownership for a broad and diverse spectrum of homeowners. We seek to create shareholder value through thoughtful investment
Slide 3: Quarterly Highlights
3 Quarterly Highlights Q3 2026 Q2 2026 Q1 2026 Q4 2025 Dividend/Share ($) 0.72 0.72 0.72 0.72 Distributable Earnings(1)/Share ($) 0.71 0.72 0.76 0.71 Book Value/Share ($) 14.55 17.53 17.42 18.63 Total Economic Return(2) (12.9)% 4.8% (2.6)% 10.6% Portfolio Balance (in $ millions) 21,270.7 21,787.2 21
Slide 4: Markets Overview
Markets Overview 30yr Mortgage Rate & Par Coupon Yield Agency MBS Spreads to UST & Swaps Yield Curve Steepness: 3M/10Ys, ano 225 2Y/10Ys, 5Y/30Ys 125 7.00 MBS CC vs 5/108 Trey MBS CC vs 5/10s SOFR 3mx10y & 1yx10y Swaption Implied Volatility 550 105 —— 30Y FNCL Par Cpn Yield SOY Mortgage Rate USDNVOL
Slide 5: Investment Portfolio
5 Investment Portfolio as of 9/30/2026
Slide 6: Portfolio Summary
6 Portfolio Summary Market Value Effective ARMOUR Portfolio Composition % of Portfolio ARMOUR Key Data (in $ millions) Duration Agency CMBS 5.8 % 1,230 6.41 Common Stock Price ($) 13.83 30 Year Fixed Rate Pools 88.2 % 18,762 5.52 Debt-Equity (1) 8.2 Conventionals 85.5 % 18,192 5.51 Implied Leverage
Slide 7: Financing and Hedging Summary
7 Financing and Hedging Summary ARMOUR Repo Principal Borrowed % of Repo Positions with Weighted Average Weighted Average Longest Maturity (days) Composition (in $ millions) ARMOUR Original Term (days) Remaining Term (days) BUCKLER Securities LLC (5) 9,644 49.8 % 32 9 29 All Other Counterparties 9,7
Slide 8: Condensed Financials
8 Condensed Financials as of 9/30/2026
Slide 9: Condensed Balance Sheets (unaudited)
9 Condensed Balance Sheets (unaudited) September 30, 2026 December 31, 2025 $ in thousands Assets Cash and cash equivalents $ 99,666 $ 63,270 Cash collateral posted to counterparties 34,209 226,701 Agency Securities 19,991,917 19,417,640 U.S. Treasury Securities 473,975 598,109 Receivable for unsett
Slide 10: Condensed Statements of Operations (unaudited)
10 Condensed Statements of Operations (unaudited) For the Three Months Ended September 30, For the Nine Months Ended September 30, 2026 2025 2026 2025 $ in thousands, except per share amounts Interest Income Interest Income $ 274,342 $ 210,182 $ 787,413 $ 563,949 Interest expense (190,599) (171,665)
Slide 11: Distributable Earnings Non-GAAP Reconciliation
11 Distributable Earnings Non-GAAP Reconciliation (1) Q3 2026 Q2 2026 $ in millions except, share and per share Net Interest Income $ 83.7 $ 76.8 TBA Drop and interest margin income 3.4 1.2 Net interest income on interest rate swaps 31.8 33.3 Net interest income on futures contracts 3.2 2.4 Total Ex
Slide 12: Footnotes
12 Footnotes SLIDES 3 and 11 1. Distributable Earnings is a non-GAAP measure defined as net interest income plus TBA Drop Income adjusted for the net coupon effect of interest rate swaps and futures contracts minus net operating expenses (see page 11 for the reconciliation of the elements of Distrib
Slide 13: Disclaimers
13 Disclaimers Certain statements made in this presentation regarding ARMOUR Residential The statements, information and estimates contained herein are based on REIT, Inc. (“ARMOUR” or the “Company”), and any other statements regarding information that the Company believes to be reliable as of today
ARMOUR Residential REIT — Q3 2026 Earnings Presentation on 6ix