ARMOUR Residential REIT's second quarter GAAP EPS of $0.86 beat estimates while book value remained stable at $17.53.

ARMOUR Residential REIT reported second quarter 2026 GAAP earnings of $0.86 per share on net interest income of $76.8 million. The company's book value per common share increased slightly to $17.53 from $17.42 in the prior quarter, and distributable earnings covered the dividend.

Key Highlights

• Book value per common share increased 0.6% sequentially to $17.53, demonstrating resilience despite what management called a challenging macroeconomic backdrop.
• Distributable earnings of $0.72 per share exactly covered the quarterly dividend payments of $0.72 per share.
• The company generated a total economic return of 4.8% for the quarter, which combines the change in book value and dividends paid.