DALLAS, TX — October 23, 2026 — ARMOUR Residential REIT, Inc. (NYSE: ARR): ARMOUR Residential REIT’s 3Q26 results reflected significant mortgage spread volatility, with book value declining 17% sequentially to $14.55/share and total economic return reaching (12.9)%. The Company reported a GAAP loss of $(327.0)M, or $(2.26)/share, as Agency MBS losses exceeded gains on interest-rate hedges. Distributable earnings remained comparatively stable at $0.71/share against a $0.72 quarterly dividend, supported by an economic interest spread of 1.83%. ARR maintained approximately $1.02B in liquidity while selectively reducing exposure to outperforming securities and preserving capacity for reinvestment. We believe wider mortgage spreads have improved prospective returns on new purchases, although near-term book-value recovery remains dependent on more stable interest rates, continued favorable financing conditions, and disciplined leverage management.