Key Points – ARMOUR Residential REIT posted a solid Q2 2026, with GAAP net income of $111.5 million ($0.86/share) and distributable earnings of $93.2 million ($0.72/share).
The company also reported a 4.8% total economic return and a slight increase in book value to $17.53 per share. – Management said agency MBS spreads tightened despite a challenging macro backdrop, helping support book value and portfolio performance
ARMOUR noted that supply-demand dynamics are currently outweighing broader rate and inflation concerns, though it warned that higher volatility or a more hawkish Fed could pressure spreads. – The company continued to raise capital through ATM programs, bringing in $218.7 million in Q2 and another $88.3 million through mid-July. ARMOUR said the capital will be deployed opportunistically, while it maintains a fairly neutral duration profile, moderate leverage, and a large liquidity cushion. – 6 Mortgage REITS: How Badly Could Rising Rates Hurt Them? ARMOUR Residential REIT (NYSE:ARR) reported a positive second quarter of 2026, with management saying tighter agency mortgage-backed securities spreads helped offset a macroeconomic backdrop that would typically pressure the sector.
Chief Financial Officer Gordon Harper said the mortgage REIT generated a total economic return of 4.8% for the quarter. GAAP net income available to common stockholders was $111.5 million, or $0.86 per common share, while net interest income was $76.8 million. Distributable earnings available to common stockholders, a non-GAAP measure, totaled $93.2 million, or $0.72 per common share.