ARMOUR Residential REIT prices $302 million common stock offering

VERO BEACH, Florida - ARMOUR Residential REIT, Inc. (NYSE:ARR), a mortgage REIT with a market capitalization of $1.84 billion and an impressive dividend yield of 17.14%, announced Wednesday it has priced an underwritten public offering of 18.5 million shares of its common stock for estimated gross proceeds of approximately $302.5 million. According to InvestingPro data, the company has maintained consistent dividend payments for 16 consecutive years.

The company has granted underwriters a 30-day option to purchase up to an additional 2.77 million shares, which could increase total proceeds to approximately $347.8 million if fully exercised.

Goldman Sachs & Co. LLC is serving as sole bookrunner for the offering, with BUCKLER Securities LLC acting as co-manager. The transaction is expected to close on or about August 7, 2025, subject to customary closing conditions.

ARMOUR intends to use the net proceeds to acquire additional mortgage-backed securities and other mortgage-related assets in accordance with its investment strategies.

The offering is being made through a prospectus supplement and accompanying base prospectus filed with the Securities and Exchange Commission.

ARMOUR Residential REIT invests primarily in fixed rate residential, adjustable rate and hybrid adjustable rate residential mortgage-backed securities issued or guaranteed by U.S. Government-sponsored enterprises or the Government National Mortgage Association.

The company has elected to be taxed as a real estate investment trust (REIT) for U.S. Federal income tax purposes, requiring it to distribute substantially all of its ordinary REIT taxable income to maintain this status.

This announcement is based on a press release statement from the company.

In other recent news, ARMOUR Residential REIT reported its financial results for the second quarter of 2025, missing both earnings and revenue forecasts. The company posted an earnings per share (EPS) of $0.77, falling short of the expected $0.82, and reported revenue of $67.9 million, below the anticipated $78.66 million. These results represent a negative surprise of 6.1% for EPS and 13.68% for revenue. Additionally, ARMOUR Residential REIT has launched an underwritten public offering of 18.5 million shares of common stock, with Goldman Sachs & Co. LLC acting as the sole bookrunner. The company is also granting underwriters a 30-day option to purchase up to an additional 2.775 million shares. In another development, the company has increased its at-the-market offering by 9.5 million shares, bringing the total shares available under the amended agreement to over 17.7 million. This amendment involves several sales agents, including BUCKLER Securities LLC and B. Riley Securities, Inc. These recent developments highlight ARMOUR Residential REIT’s strategic financial maneuvers amid its earnings report.

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