ARMOUR Q1 GAAP net income $24.3 million, $0.32 per share; book value falls to $18.59
ARMOUR Residential REIT reported unaudited first-quarter 2025 results, with GAAP net income available to common stockholders of $24.3 million, or $0.32 per share, compared with a loss of $49.4 million, or $0.83 per share, in Q4 2024. Book value per common share fell to $18.59 at March 31, 2025, from $19.07 at December 31, 2024, while Distributable Earnings rose to $0.86 per common share from $0.78.
Key points
- GAAP net income available to common stockholders: $24.3 million, or $0.32 per share, for Q1 2025, versus a $49.4 million loss, or $0.83 per share, in Q4 2024
- Distributable Earnings: $0.86 per common share for Q1 2025, versus $0.78 in Q4 2024 (non-GAAP)
- Book value per common share: $18.59 at March 31, 2025, versus $19.07 at December 31, 2024
- Common dividend of $0.24 per share payable April 29, 2025, with a further $0.24 declared payable May 29, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.