- Business
- ARMOUR Residential REIT, Inc. ARMOUR Residential REIT, Inc. (NYSE: ARR) operates as a mortgage real estate investment trust externally managed by ARMOUR Capital Management LP, focusing on a leveraged portfolio of residential mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises such as Fannie Mae, Freddie Mac, or Ginnie Mae, and the Government National Mortgage Association. The company invests primarily in fixed-rate, adjustable-rate, and hybrid adjustable-rate agency RMBS, generating income through net interest spreads from its assets financed via repurchase agreements and hedged against interest rate and prepayment risks using derivatives including interest rate swaps, swaptions, and futures; it distributes substantially all taxable income as dividends to shareholders. Headquartered at 3001 Ocean Drive, Suite 201, Vero Beach, Florida, ARMOUR Residential REIT, Inc. was incorporated in Maryland in 2008 and conducts operations across the United States.
Recent developments include the expansion of its at-the-market equity offering program with the addition of Janney Montgomery Scott LLC as a sales agent and amendments increasing available common shares by 25 million, alongside an increase in authorized common stock from 90 million to 125 million shares to support portfolio investments and general corporate purposes. Insider activity features purchases by Chairman DM Staton totaling over $198,000 in shares during 2024 and Director Carolyn Downey acquiring 270 shares on November 25, 2025, signaling executive confidence amid stable monthly dividends of $0.24 per common share. The company reported distributable earnings of $52.5 million for Q2 2024 despite a GAAP net loss, maintained dividend guidance into October 2025, and announced Q3 2025 results on October 22, 2025, reflecting ongoing portfolio management in volatile interest rate environments.