other material
confidence high
sentiment neutral
materiality 0.55
ARMOUR Residential REIT June 2026 update: 7.9x leverage, $1.16B liquidity, $0.24 dividend
Armour Residential REIT, Inc.
- Portfolio market value $22.2B: 93.8% agency MBS, 5.9% agency CMBS, 4.4% US Treasury longs, 1.8% net TBAs.
- Common stock price $17.15; June common dividend $0.24/share (ex-div 6/15, pay 6/29); yield 16.8%.
- Debt/equity 7.9x; implied leverage 8.0x; liquidity $1.16B (46% of total capital).
- Repo financing total $19.9B: 46.8% from BUCKLER Securities, balance from other counterparties.
- Interest rate swaps $15.3B notional, weighted avg rate 2.74%, avg remaining term 53 months.