Overview
- TickerARR on NYSE1
- IndustryReal Estate Investment Trusts1
- HeadquartersVero Beach, Florida1
- Business address3001 Ocean Drive, Suite 201, Vero Beach, Fl 329632
- Filer categoryLarge accelerated filer2
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ARMOUR is an externally managed Maryland corporation incorporated in 2008. The Company is managed by ACM, an investment advisor registered with the Securities and Exchange Commission ("SEC") (which registration the Company provides notice of to the state of Florida) (see Note 8 and Note 14 to the consolidated financial statements). We have elected to be taxed as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"). We believe that we are organized in conformity with the requirements for qualification as a REIT under the Code and our manner of operations enables us to meet the requirements for taxation as a REIT for federal income tax purposes (See Real Estate Investment Trust Requirements section below).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest Income (including $0, $0 and $973, respectively with BUCKLER) | $800.4M | $550.9M | $552.9M |
| Net Interest Income | $158.3M | $26.8M | $27.1M |
| Realized loss on sale of available for sale Agency Securities (reclassified from Other comprehensive loss) | $0 | $0 | -$7.5M |
| Gain (Loss) on Agency Securities, trading, net | $514.8M | -$348.6M | -$52.7M |
| Gain on derivatives, net | -$285.7M | $323.5M | $51.7M |
| Total Other Income (Loss) | $219.1M | $12.5M | -$51.5M |
| Management fees | $45.5M | $39.7M | $38.2M |
| Compensation | $3.6M | $4.7M | $4.9M |
| Other Operating | $12.3M | $15.8M | $7.0M |
| Total Expenses | $61.3M | $60.2M | $50.2M |
| Less management fees waived | -$6.6M | -$6.6M | -$6.6M |
| Total Expenses after fees waived | $54.7M | $53.6M | $43.6M |
| Net Income (Loss) | $322.7M | -$14.4M | -$67.9M |
| Dividends on preferred stock | -$12.0M | -$12.0M | -$12.0M |
| Net Income (Loss) available (related) to common stockholders | $310.6M | -$26.4M | -$79.9M |
| Reclassification adjustment for realized loss on sale of available for sale Agency Securities | $0 | $0 | $7.5M |
| Net unrealized gain on available for sale Agency Securities | $0 | $0 | $4.1M |
| Other Comprehensive income | $0 | $0 | $11.5M |
| Comprehensive Income (Loss) | $322.7M | -$14.4M | -$56.4M |
| Comprehensive Income (Loss) available (related) to common stockholders | $310.6M | -$26.4M | -$68.4M |
| Basic (in dollars per share) | $3.31 | -$0.51 | -$1.86 |
| Diluted (in dollars per share) | $3.30 | -$0.51 | -$1.86 |
| Dividends declared per common share (in dollars per share) | $2.88 | $2.88 | $5.00 |
| Basic (in shares) | 93.9M shares | 52.2M shares | 43.1M shares |
| Diluted (in shares) | 94.3M shares | 52.2M shares | 43.1M shares |
| Interest expense | $642.1M | $524.1M | $525.8M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $63.3M | $68.0M | ||
| Cash collateral posted to counterparties | $226.7M | $78.2M | ||
| Derivatives, at fair value | $611.5M | $908.1M | ||
| Accrued interest receivable | $86.2M | $52.9M | ||
| Prepaid and other | $1.7M | $1.4M | ||
| Total Assets | $21.0B | $13.5B | ||
| Repurchase agreements, net (including $8,426,540 and $4,895,003, respectively with BUCKLER) | $17.9B | $10.7B | ||
| Obligations to return securities received as collateral, at fair value | $0 | $493.4M | ||
| Cash collateral posted by counterparties | $419.4M | $833.9M | ||
| Payable for unsettled purchases | $302.1M | $103.5M | ||
| Derivatives, at fair value | $19.3M | $1.3M | ||
| Accrued interest payable - U.S. Treasury Securities sold short | $0 | $3.8M | ||
| Accounts payable and other accrued expenses | $2.2M | $4.7M | ||
| Total Liabilities | $18.7B | $12.2B | ||
| Preferred stock, $0.001 par value, 50,000 shares authorized; 7.00% Series C Cumulative Preferred Stock; 7,048 shares and 6,847 shares issued and outstanding ($176,196 and $171,175 aggregate liquidation preference), respectively. | $7.0K | $7.0K | ||
| Common stock, $0.001 par value, 175,000 and 125,000 shares authorized; 111,915 shares and 62,412 shares issued and outstanding, respectively. | $112.0K | $62.0K | ||
| Additional paid-in capital | $5.4B | $4.6B | ||
| Cumulative distributions to stockholders | -$2.7B | -$2.4B | -$2.2B | |
| Accumulated net loss | -$518.2M | -$840.9M | ||
| Total Stockholders Equity | $2.3B | $1.4B | $1.3B | $1.1B |
| Total Liabilities and Stockholders Equity | $21.0B | $13.5B | ||
| Accrued interest payable, repurchase agreements, amounts with BUCKLER | $59.3M | $32.1M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Preferred stock, shares issued (in shares) | 7.0M shares | 6.8M shares | ||
| Preferred stock, shares outstanding (in shares) | 7.0M shares | 6.8M shares | ||
| Preferred stock, aggregate liquidation preference | $176.2M | $171.2M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 175.0M shares | 125.0M shares | ||
| Common stock, shares issued (in shares) | 111.9M shares | 62.4M shares | ||
| Common stock, shares outstanding (in shares) | 111.9M shares | 62.4M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $63.3M | $68.0M | ||
| Cash collateral posted to counterparties | $226.7M | $78.2M | ||
| Derivatives, at fair value | $611.5M | $908.1M | ||
| Accrued interest receivable | $86.2M | $52.9M | ||
| Prepaid and other | $1.7M | $1.4M | ||
| Total Assets | $21.0B | $13.5B | ||
| Repurchase agreements, net (including $8,426,540 and $4,895,003, respectively with BUCKLER) | $17.9B | $10.7B | ||
| Obligations to return securities received as collateral, at fair value | $0 | $493.4M | ||
| Cash collateral posted by counterparties | $419.4M | $833.9M | ||
| Payable for unsettled purchases | $302.1M | $103.5M | ||
| Derivatives, at fair value | $19.3M | $1.3M | ||
| Accrued interest payable - U.S. Treasury Securities sold short | $0 | $3.8M | ||
| Accounts payable and other accrued expenses | $2.2M | $4.7M | ||
| Total Liabilities | $18.7B | $12.2B | ||
| Preferred stock, $0.001 par value, 50,000 shares authorized; 7.00% Series C Cumulative Preferred Stock; 7,048 shares and 6,847 shares issued and outstanding ($176,196 and $171,175 aggregate liquidation preference), respectively. | $7.0K | $7.0K | ||
| Common stock, $0.001 par value, 175,000 and 125,000 shares authorized; 111,915 shares and 62,412 shares issued and outstanding, respectively. | $112.0K | $62.0K | ||
| Additional paid-in capital | $5.4B | $4.6B | ||
| Cumulative distributions to stockholders | -$2.7B | -$2.4B | -$2.2B | |
| Accumulated net loss | -$518.2M | -$840.9M | ||
| Total Stockholders Equity | $2.3B | $1.4B | $1.3B | $1.1B |
| Total Liabilities and Stockholders Equity | $21.0B | $13.5B | ||
| Accrued interest payable, repurchase agreements, amounts with BUCKLER | $59.3M | $32.1M | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | ||
| Preferred stock, shares issued (in shares) | 7.0M shares | 6.8M shares | ||
| Preferred stock, shares outstanding (in shares) | 7.0M shares | 6.8M shares | ||
| Preferred stock, aggregate liquidation preference | $176.2M | $171.2M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 175.0M shares | 125.0M shares | ||
| Common stock, shares issued (in shares) | 111.9M shares | 62.4M shares | ||
| Common stock, shares outstanding (in shares) | 111.9M shares | 62.4M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | $322.7M | -$14.4M | -$67.9M |
| Net (accretion) amortization of premium (discount) on Agency Securities | $1.9M | -$345.0K | $3.4M |
| Realized loss on sale of Agency Securities, available for sale | $0 | $0 | $7.5M |
| (Gain) Loss on Agency Securities, trading, net | -$514.8M | $348.6M | $52.7M |
| Stock based compensation | $2.1M | $3.2M | $3.2M |
| Increase in accrued interest receivable | -$32.9M | -$5.9M | -$18.5M |
| (Increase) decrease in prepaid and other assets | -$287.0K | -$159.0K | $841.0K |
| Change in derivatives, at fair value | $314.5M | -$34.4M | $99.1M |
| Increase in accrued interest payable- repurchase agreements | $27.2M | $5.6M | $7.4M |
| (Decrease) increase in accrued interest payable- U.S. Treasury Securities sold short | -$3.8M | -$1.2M | $1.6M |
| (Decrease) increase in accounts payable and other accrued expenses | -$2.5M | -$2.0M | $315.0K |
| Net cash and cash equivalents and cash collateral posted to counterparties provided by operating activities | $124.2M | $261.5M | $132.8M |
| Principal repayments of Agency Securities | $1.7B | $1.1B | $803.2M |
| Proceeds from sales of Agency Securities | $1.6B | $4.6B | $6.3B |
| Disbursements on reverse repurchase agreements (including $(1,860,188), $(4,643,450) and $(2,774,490), respectively with BUCKLER) | -$2.3B | -$5.8B | -$2.8B |
| Increase (decrease) in cash collateral posted by counterparties | -$414.4M | -$26.3M | -$103.5M |
| Proceeds from subordinated loan due to BUCKLER | $0 | $0 | $105.0M |
| Net cash and cash equivalents and cash collateral posted to counterparties used in investing activities | -$7.3B | -$1.7B | -$3.0B |
| Issuance of common stock, net of expenses | $874.1M | $265.7M | $450.1M |
| Proceeds from repurchase agreements (including $89,783,916, $59,055,222 and $69,806,936, respectively with BUCKLER) | $157.0B | $105.4B | $119.7B |
| Principal repayments on repurchase agreements (including $(86,699,441), $(58,734,577) and $(68,737,266), respectively with BUCKLER) | -$150.3B | -$104.2B | -$116.9B |
| Common stock dividends paid | -$271.4M | -$150.9M | -$216.2M |
| Common stock repurchased, net | -$19.9M | -$1.3M | -$9.9M |
| Net cash and cash equivalents and cash collateral posted to counterparties provided by financing activities | $7.3B | $1.3B | $3.0B |
| Net increase (decrease) in cash and cash equivalents and cash collateral posted to counterparties | $143.8M | -$112.7M | $140.8M |
| Cash paid during the year for interest | $735.4M | $686.2M | $607.0M |
| Payable for unsettled purchases | -$302.1M | -$103.5M | -$171.5M |
| Net unrealized gain (loss) on available for sale Agency Securities | $0 | $0 | $4.1M |
| Amounts receivable for issuance of preferred stock | $36.0K | $0 | $0 |
| Purchases of agency securities | $9.6B | $7.3B | $10.3B |
| Receipts from reverse repurchase agreements | $2.8B | $5.7B | $3.1B |
No quarter-by-quarter statement was filed.
Corporate structure
Armour Residential REIT, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Armour Residential REIT, Inc.
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Armour Residential REIT, Inc., latest Jul 31, 2026
- BlackRock Filed SCHEDULE 13G/A on Armour Residential REIT, Inc., latest Jul 27, 2026 (10 filings since Jan 26, 2022)
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Armour Residential REIT, Inc., latest Apr 28, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Armour Residential REIT, Inc., latest Mar 26, 2026 (6 filings since Feb 9, 2022)
- Armour Residential REIT, Inc. Vero Beach, Florida
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Armour Residential REIT, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
Properties, in its own words
We do not own or lease any real estate or other physical properties. Pursuant to the management agreement, ACM maintains our executive offices at 3001 Ocean Drive, Suite 201, Vero Beach, Florida 32963. We consider our current office space adequate for our current operations.
Item 2 of the 10-K filed Feb 18, 2026.3
Leadership
Who has led Armour Residential REIT, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerScott Ulm Nov 16, 2009 to Nov 19, 200912
- Chief executive officerJeffrey J. Zimmer Nov 19, 2009 to Feb 26, 202413
- ChairJeffrey J. Zimmer Mar 15, 2013 to Mar 21, 201314
- ChairScott Ulm Mar 15, 2013 to Mar 21, 201315
- ChairDaniel C. Staton Nov 15, 2012 to Mar 15, 201316
- PresidentJeffrey J. Zimmer Nov 19, 2009 to Feb 26, 202413
- Chief financial officerGordon Harper May 16, 2024 to now17
- Chief financial officerJeffrey J. Zimmer Apr 3, 2012 to Oct 4, 201218
- Chief financial officerJames R. Mountain Sep 5, 2012 to Feb 26, 202419
- Chief operating officerMark Gruber Sep 6, 2013 to Feb 25, 202020
Board members and other officers (14)
- Co-Chief Investment OfficerDesmond Macauley Mar 28, 2024 to now21
- Co-Chief Investment OfficerSergey Losyev Mar 28, 2024 to now22
- CIOMark Gruber May 27, 2020 to Feb 26, 202423
- VP Finance and ControllerGordon Harper Feb 24, 2017 to Feb 26, 202424
- Board memberZ. Jamie Behar Jul 26, 2019 to now25
- Board memberCarolyn Downey Sep 6, 2013 to now26
- Board memberDaniel C. Staton Nov 10, 2009 to Jan 8, 201427
- Board memberJordan Zimmerman Nov 10, 2009 to Jul 5, 201328
- Board memberStewart J. Paperin Nov 10, 2009 to now29
- Board memberJohn P. Hollihan Iii. Nov 16, 2009 to now30
- Board memberRobert C. Hain Nov 16, 2009 to now31
- Board memberScott Ulm Nov 16, 2009 to now12
- Board memberThomas K. Guba Nov 16, 2009 to Nov 24, 202332
- Board memberJeffrey J. Zimmer Nov 19, 2009 to Feb 26, 202413
Timeline
- Oct 1, 20268-K Other events33
- Sep 24, 20268-K Other events34
- Sep 11, 20268-K Regulation FD disclosure35
- Aug 27, 20268-K Other events36
- Aug 14, 20268-K Regulation FD disclosure37
- Jul 24, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Other events38
- Jul 22, 20268-K Results of operations; Regulation FD disclosure39
- Jul 22, 20268-K Regulation FD disclosure40
- Jul 21, 20268-K Regulation FD disclosure41
- Jul 21, 20268-K Other events42
- Jul 1, 20268-K Other events43
- Jun 24, 20268-K Other events44
- Nov 19, 2009New chief executive Jeffrey J. Zimmer becomes CEO13
- Nov 16, 2009New chief executive Scott Ulm becomes CEO12
Calendar
Coming up
- Oct 28, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.72 a share, on Oct 22, 2025.45
When it reported results
- Jul 22, 2026Reported quarterly or annual results39
- Apr 22, 2026Reported quarterly or annual results46
- Feb 18, 2026Reported quarterly or annual results47
- Oct 22, 2025Reported quarterly or annual results48
- Jul 23, 2025Reported quarterly or annual results49
- Apr 23, 2025Reported quarterly or annual results50
- Feb 12, 2025Reported quarterly or annual results51
- Oct 23, 2024Reported quarterly or annual results52
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
616 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 203 major events, 329 insider forms, 18 large holders, 46 other. The latest 20:
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 1, 20268-K EDGAR
- Sep 30, 20264 EDGAR
- Sep 24, 20268-K EDGAR
- Sep 11, 20268-K EDGAR
- Sep 11, 20264 EDGAR
- Sep 10, 2026144 EDGAR
- Aug 27, 20268-K EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
- Aug 25, 20264 EDGAR
The 616 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
12 open-market trades by officers, directors and large owners since October 2021: 4 buys and 8 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 29, 2026 | Losyev SergeyCo-Chief Investment Officer | Buy | 725 | $13.91 | $10.1K | Form 4 |
| Sep 10, 2026 | STATON DANIEL CChairman of the Board | Sale | 35,583 | $15.86 | $564.3K | Form 4 |
| Jan 6, 2026 | Hain Robert CDirector | Sale | 6,833 | $18.06 | $123.4K | Form 4 |
| Jan 13, 2025 | Hain Robert CDirector | Sale | 2,500 | $18.07 | $45.2K | Form 4 |
| Dec 31, 2024 | PAPERIN STEWART JDirector | Sale | 24,852 | $18.78 | $466.7K | Form 4 |
| Nov 7, 2024 | Hain Robert CDirector | Buy | 2,500 | $19.08 | $47.7K | Form 4 |
| Oct 3, 2024 | STATON DANIEL CChairman of the Board | Buy | 10,000 | $19.86 | $198.6K | Form 4 |
| May 30, 2024 | Macauley DesmondCo-Chief Investment Officer | Buy | 1,000 | $19.02 | $19.0K | Form 4 |
| Dec 29, 2023 | STATON DANIEL CChairman of the Board | Sale | 61,682 | $19.46 | $1.2M | Form 4 |
| Nov 21, 2023 | MOUNTAIN JAMES RChief Financial Officer | Sale | 740 | $17.41 | $12.9K | Form 4 |
| Dec 22, 2022 | Zimmer Jeffrey JCo-CEO and President | Sale | 33,378 | $5.82 | $194.3K | Form 4 |
| Oct 1, 2021 | MOUNTAIN JAMES RChief Financial Officer | Sale | 33,700 | $10.81 | $364.3K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Jul 31, 202653
- BlackRockSCHEDULE 13G/A, 10 filings Jan 26, 2022 to Jul 27, 202654
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 28, 202655
- VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 9, 2022 to Mar 26, 202656
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 19,974,341 | $348.6M | 0.0% | +2,658,644 |
| Vanguard Portfolio Management LLC | 7,108,665 | $124.0M | 0.0% | +438,486 |
| Vanguard Capital Management LLC | 5,593,161 | $97.6M | 0.0% | +367,425 |
| State Street Corp | 4,745,078 | $82.8M | 0.0% | +619,020 |
| Geode Capital Management, LLC | 3,220,896 | $56.2M | 0.0% | +498,084 |
| Morgan Stanley | 2,754,489 | $48.1M | 0.0% | +1,553,306 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,501,415 | $43.6M | 0.1% | +923,421 |
| D. E. Shaw & Co., Inc. | 2,199,628 | $38.4M | 0.0% | +114,099 |
| Jupiter Asset Management Ltd | 2,150,685 | $37.5M | 0.2% | +918,731 |
| Invesco Ltd. | 2,006,789 | $35.0M | 0.0% | +207,615 |
| Ameriprise Financial Inc | 1,619,810 | $28.3M | 0.0% | +427,238 |
| Northern Trust Corp | 1,351,453 | $23.6M | 0.0% | +222,479 |
| Charles Schwab Investment Management Inc | 1,197,171 | $20.9M | 0.0% | +128,880 |
| Van Eck Associates Corp | 1,013,368 | $17.7M | 0.0% | −34,780 |
| Vanguard Fiduciary Trust Co | 818,886 | $14.3M | 0.0% | +95,764 |
| UBS Group AG | 816,308 | $14.2M | 0.0% | −60,120 |
| Bank of New York Mellon Corp | 788,357 | $13.8M | 0.0% | +73,992 |
| Aqr Capital Management LLC | 771,768 | $13.5M | 0.0% | +295,425 |
| Verition Fund Management LLC | 652,275 | $11.4M | 0.1% | +215,091 |
| Goldman Sachs Group Inc | 651,707 | $11.4M | 0.0% | +284,519 |
| Advisors Asset Management, Inc. | 614,733 | $10.7M | 0.2% | +25,965 |
| Principal Financial Group Inc | 599,580 | $10.5M | 0.0% | +55,645 |
| Two Sigma Investments, LP | 450,132 | $7.9M | 0.0% | −117,087 |
| Public Sector Pension Investment Board | 426,160 | $7.4M | 0.0% | +25,838 |
| Ascentis Wealth Management, LLC | 395,000 | $6.9M | 1.0% | +40,000 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jun 4, 2019 | Donna Shalala, House | Sale | $1,001 - $15,000 | +260.5% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Armour Residential REIT, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARArmour Residential REIT, Inc.1
- CIK0001428205
- Employer ID (EIN)26-19087633
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
- Incorporated inMaryland3
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address3001 Ocean Drive, Suite 201, Vero Beach, FL 329631
- Phone(772) 617-43401
- Shares outstanding141,553,046 as of Jul 21, 202610
- Public float$1.5B as of Jun 30, 20253
- AuditorDeloitte & Touche LLP, Miami, Florida PCAOB ID 34; it also attests to the company’s internal control over financial reporting3
- On EDGAR sinceJul 29, 20091
- Filings2,121 in all: 4 (1,050), 8-K (626), 424B5 (76), 10-Q (50), SC 13G/A (45), UPLOAD (21), CORRESP (20), DEFA14A (19)1
All 52 form types
DEF 14A (18), SC 13G (18), 10-K (17), 3 (13), 425 (12), FWP (11), S-8 (10), EFFECT (9), SC TO-T/A (8), SCHEDULE 13G/A (7), 4/A (6), 424B3 (6), ARS (6), 144 (5), 8-A12B (5), S-11/A (5), S-3 (5), S-3ASR (5), S-8 POS (5), 25-NSE (4), CERTNYS (4), S-3/A (4), S-4/A (4), 3/A (2), 424B4 (2), 5 (2), 8-K/A (2), S-11 (2), SCHEDULE 13G (2), 10-Q/A (1), 15-12B (1), 25 (1), 424B2 (1), CERT (1), DEFR14A (1), NT 10-K (1), POS AM (1), PRE 14A (1), RW (1), S-3D (1), S-4 (1), SC 13E3 (1), SC TO-C (1), SC TO-T (1)
- Latest filingsAnnual report (10-K) Feb 18, 2026
Quarterly report (10-Q) Jul 22, 2026
Proxy statement (DEF 14A) Mar 19, 2026
Latest 8-K (8-K) Oct 1, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Preferred Stock, 7.00% Series C Cumulative Redeemable | ARR-PRC | New York Stock Exchange |
| Common Stock, $0.001 par value | ARR | New York Stock Exchange |
From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).3
Risk factors and legal proceedings
The risks Armour Residential REIT, Inc. names in Item 1A of its 10-K filed Feb 18, 2026: 66 risks under these headings, as written.3
- Changes in interest rates impact our level of net interest income, total comprehensive income (loss) and stockholders' equity and we cannot always successfully mitigate such interest rate risks.
- Volatility in the relationships between the market prices and yields for our securities and certain benchmark prices and interest rates periodically will adversely affect our net income, earnings per share and stockholders' equity.
- We cannot predict the impact of future Fed monetary policy on the prices and liquidity of Agency Securities or other securities in which we invest, although Fed action could increase the prices of our target assets and reduce the spread on our investments or decrease our book value.
- We invest in MBS guaranteed by GSEs such as Fannie Mae and Freddie Mac, which are under conservatorship by the FHFA. Changes to the conservatorship or to the laws and regulations affecting the support GSEs receive may adversely affect the availability, financing, pricing, market value and liquidity of our assets.
- U.S. Government actions, including U.S. Congress, the Fed, U.S. Treasury, FHFA and other governmental and regulatory bodies may adversely affect our business.
- Tariff actions by the U.S and other countries may adversely affect our business, financial condition and results of operations.
- The use of derivative instruments may fail to protect or could adversely affect us.
- During stressful market conditions, we have sold and may in the future be forced to sell MBS at distressed prices, thereby potentially incurring permanent equity losses.
- Our lenders may insist on financing terms that could result in reducing the availability and/or increasing the cost of our financing or may terminate our financing.
- We may not be able to minimize potential credit risks that could arise in the event of bankruptcy of one or more of our counterparties.
- An inability to economically roll our TBA Agency Security transactions or to meet margin requirements on our TBA contracts could have a material adverse effect on our business, financial condition, and results of operations.
- Factors beyond our control may increase the prepayment speeds on our MBS, thereby reducing our interest income.
The other 54 risks
- Our MBS portfolio may lose some of its liquidity capital due to margin calls from repurchase counterparties on the fourth business day of each month.
- Reliance on inaccurate models or estimates could lead to poor business decisions and expose us to risk.
- We have issued and may in the future issue shares of our common stock in “at the market” offerings or underwritten “block” offerings, which may adversely impact the market price of our stock and result in dilution to existing stockholders
- We may issue stock when investment opportunities are relatively less attractive.
- We may repurchase our common and preferred stock at prices below book value, to the potential disadvantage of selling stockholders.
- ACM may terminate the management agreement for any reason. If ACM ceases to be our investment manager, financial institutions providing any financing arrangements to us may not provide future financing to us.
- ACM’s liability is limited under the management agreement and we have agreed to indemnify ACM and its affiliates against certain liabilities. As a result, we could experience poor performance or losses for which ACM would not be liable.
- There are potential conflicts of interest with current and future investment entities affiliated with ACM.
- There are potential conflicts of interest with the allocation of investment opportunities by ACM.
- Members of our management team have competing duties to other entities, which could result in decisions that are not in the best interests of our stockholders.
- ACM's management fees are calculated based on our gross equity raised and not on our performance. Gross equity raised substantially exceeds total stockholders' equity determined in accordance with GAAP and management fee expenses do not decline with reductions in our total stockholders' equity. As a result, ACM's annualized contractual management fee rate as of December 31, 2025 equaled 2.11% of stockholders' equity.
- The termination of the management agreement may be difficult and costly.
- The management agreement with ACM will automatically renew for an additional 5-year term unless ARMOUR gives 180-day written notice of non-renewal.
- The management agreement was not negotiated on an arm’s-length basis and the terms, including fees payable, may not be as favorable to us as if they were negotiated with an unaffiliated third-party.
- Distributable Earnings is a non-GAAP measure which excludes gains and losses, and therefore is an imperfect measure of our overall financial performance, and is not a standardized metric.
- Distributable Earnings may not provide sufficient incentive to ACM to maximize risk adjusted returns on our investment portfolio.
- A material portion of our aggregate repurchase financing is facilitated through BUCKLER.
- We hold a 10.8% equity ownership interest in BUCKLER and additionally, provided BUCKLER with $250 million in additional regulatory capital.
- BUCKLER relies primarily on bilateral and triparty repurchase agreement funding through the FICC.
- BUCKLER is the primary placement agent for ARMOUR's common share ATM Program.
- BUCKLER may pursue business opportunities with third parties.
- There are potential conflicts of interest in our relationship with ACM and its affiliates, including BUCKLER, which could result in decisions that are not in the best interests of our stockholders.
- We operate in a highly competitive market for investment opportunities and related financing and competition may limit our ability and financing to acquire desirable investments in our target assets or obtain necessary financing and could also affect the pricing of these assets and cost of funds.
- Our ability to buy or sell our securities and arrange our repurchase financing may be severely limited or not profitable and we may be required to post additional collateral in connection with our financing.
- Exchange-traded swaps and futures have higher initial margin requirements than bilateral swap agreements.
- We may change our target assets, financing and investment strategies and operational policies without stockholder consent, which may adversely affect the market price of our common stock and our ability to make distributions to stockholders.
- There are significant restrictions on ownership of our common stock.
- If we fail to comply with the REIT tax requirements, we must dispose of a portion of our assets within 30 days after the end of the calendar quarter in order to avoid losing our REIT status and suffering adverse tax consequences. If we fail to qualify as a REIT, we will be subject to federal income tax as a regular corporation and may face substantial tax liability.
- If we remain qualified as a REIT, we may face other tax liabilities that reduce our cash flow.
- Complying with REIT requirements may cause us to forgo otherwise attractive opportunities.
- Complying with REIT requirements may force us to liquidate otherwise attractive investments.
- The failure of assets subject to repurchase agreements to qualify as real estate assets could adversely affect our ability to qualify as a REIT.
- Our capital loss carry forward for tax purposes may expire before we can fully use it to offset otherwise taxable income or gains.
- Distributions to tax-exempt investors may be classified as unrelated business taxable income.
- The “taxable mortgage pool” rules may increase the taxes that we or our stockholders may incur and may limit the manner in which we effect future securitizations.
- Liquidation of assets may jeopardize our REIT qualification or create additional tax liability for us.
- Risks related to rights to take action against directors and officers under Maryland law
- Provisions of Maryland law and other provisions of our organizational documents may limit the ability of a third-party to acquire control of the company.
- Rapid changes in the values of our target assets may make it more difficult for us to maintain our qualification as a REIT or our exemption from the 1940 Act.
- Maintenance of our exclusion from the 1940 Act will impose limits on our business.
- Loss of the 1940 Act exclusion would adversely affect us, the market price of shares of our stock and our ability to distribute dividends.
- Failure to maintain an exemption from being registered as a CPO could subject us to additional regulation and compliance requirements and may result in fines and other penalties which could materially adversely affect our business and financial condition.
- We depend on ACM for our key personnel. The loss of those key personnel could severely and detrimentally affect our operations.
- We have very broad investment strategies, and our Board will not approve each investment and financing decision made by ACM.
- We are highly dependent on information and communications systems. System failures, security breaches or cyber-attacks of networks or systems could significantly disrupt our business and negatively affect the market price of our common stock and our ability to distribute dividends.
- The use of artificial intelligence presents risks and challenges that may adversely impact our business.
- We are subject to financial reporting and other requirements for which our accounting, internal audit and other management systems and resources may not be adequately prepared.
- We have not established a minimum dividend payment level and there are no guarantees of our ability to pay dividends in the future.
- We may use proceeds from equity and debt offerings and other financings to fund distributions, which will decrease the amount of capital available for purchasing our target assets.
- Our return of capital distributions may increase capital gains.
- The performance of our common stock correlates to the performance of our REIT investments, which may be speculative and aggressive compared to other types of investments.
- Any future offerings of debt securities and/or preferred stock, which would rank senior to our common stock upon our liquidation, and future offerings of equity securities, which would dilute our existing stockholders and may be senior to our common stock for the purposes of dividend and liquidation distributions, may adversely affect the market price of our common stock.
- Our common stock may become the target of a “short squeeze.”
- Our common stock has experienced and may continue to experience price fluctuations, which could cause you to lose a significant portion of your investment and interfere with our efforts to grow our business.
- If securities or industry analysts fail to continue publishing research about our business, if they change their recommendations adversely or if our results of operations do not meet their expectations, our share price and trading volume could decline.
Legal proceedings
See Note 8 - Commitments and Contingencies for information on legal proceedings.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARScott Ulm, Chief executive officer
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- 14SEC EDGARJeffrey J. Zimmer, Chair
- 15SEC EDGARScott Ulm, Chair
- 16SEC EDGARDaniel C. Staton, Chair
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- 20SEC EDGARMark Gruber, Chief operating officer
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- 23SEC EDGARMark Gruber, CIO
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- 25SEC EDGARZ. Jamie Behar, Board member
- 26SEC EDGARCarolyn Downey, Board member
- 27SEC EDGARDaniel C. Staton, Board member
- 28SEC EDGARJordan Zimmerman, Board member
- 29SEC EDGARStewart J. Paperin, Board member
- 30SEC EDGARJohn P. Hollihan Iii., Board member
- 31SEC EDGARRobert C. Hain, Board member
- 32SEC EDGARThomas K. Guba, Board member
- 33SEC EDGAROther events
- 34SEC EDGAROther events
- 35SEC EDGARRegulation FD disclosure
- 36SEC EDGAROther events
- 37SEC EDGARRegulation FD disclosure
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- 40SEC EDGARRegulation FD disclosure
- 41SEC EDGARRegulation FD disclosure
- 42SEC EDGAROther events
- 43SEC EDGAROther events
- 44SEC EDGAROther events
- 45NasdaqNasdaq calendar
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