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ARMOUR Residential REIT (ARR) Q3 2026 Earnings Call: Book Value Falls 17%
ARMOUR Residential REIT reported a third-quarter 2026 loss of approximately $327 million attributable to common shareholders, or $2.26 per share. The earnings call carried by TradingKey described a 17% quarterly decline in book value, which finished September at $14.55 per common share, as rising yields and wider mortgage spreads pressured the portfolio.
The company separately reported non-GAAP distributable earnings of $0.71 per common share, compared with $0.72 in common dividends for the quarter. Management remained optimistic about agency mortgage securities over the medium term, while identifying interest-rate stability as important to a recovery. That outlook is a management expectation, not a reported investment return.
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