
Armour Residential REIT reported a net loss of $58 million due to mark-to-market losses on Agency securities and U.S. Treasuries, despite improved net interest income and derivative gains. The book value declined by 6.5% to $17.42 per share, impacting total economic return. However, distributable earnings rose to $0.76 per share, covering the $0.72 quarterly dividend and improving dividend coverage. The company maintains strong liquidity of $1.1 billion and an Agency-focused portfolio, supporting financial flexibility despite market pressures.