Armour Residential REIT: A Dividend Maintained Amid Operational Divergence

Armour Residential REIT continues its pattern of monthly distributions, declaring a $0.24 per share dividend for September 2025. Shareholders of record as of September 15th will receive the payment on September 29th. However, this apparent stability in shareholder returns contrasts with a more complex operational reality revealed in the company’s latest quarterly figures.

The real estate investment trust’s second-quarter 2025 results present a study in contrasts between accounting results and core operating performance. The company posted a substantial GAAP net loss of $78.6 million, equivalent to $0.94 per share. This stood in sharp opposition to its distributable earnings, which reached $64.9 million or $0.77 per share.

This significant variance primarily stems from mark-to-market losses on hedging positions, including interest rate swaps and Read more...