Armour Residential REIT, Inc. (ARR) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ARR currently has 120M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 104.01% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 22, 2026 |
10-Q filing | 119.6M shares outstanding |
120M | 0 |
| Oct 22, 2025 |
10-Q filing | 104.6M shares outstanding |
100M | 0 |
| Aug 07, 2025 |
8-K filing: ARMOUR Residential REIT, Inc. completed the sale of 18,500,000 shares of common stock at $16.35 per share, generating gross proceeds of approximately $302,475,000, which will be used to acquire additional mortgage-backed securities and other mortgage-related assets. ($302.48M proceeds) |
84M | 0 |
| Jul 28, 2025 |
8-K filing: ARMOUR Residential REIT, Inc. increased the number of shares of common stock that may be offered and sold under its Equity Sales Agreement by 9,500,000 shares, potentially issuing up to 17,732,711 shares of common stock through its agents. |
84M | 0 |
| Jul 23, 2025 |
10-Q filing | 83.8M shares outstanding |
84M | 0 |
| Apr 23, 2025 |
10-Q filing | 75.4M shares outstanding |
75M | 0 |
| Feb 13, 2025 |
8-K filing: ARMOUR Residential REIT, Inc. increased the number of shares of common stock that may be offered and sold under the Company's Equity Sales Agreement by 15,000,000 shares. |
76M | 0 |
| Feb 12, 2025 |
10-K filing | 76.4M shares outstanding |
76M | 0 |
| Oct 23, 2024 |
10-Q filing | 51.8M shares outstanding |
52M | 0 |
| Sep 20, 2024 |
8-K filing: ARMOUR Residential REIT, Inc. entered into Amendment No. 4 to its Equity Sales Agreement, adding Janney Montgomery Scott LLC as a sales agent and increasing the number of shares of common stock that may be offered and sold under the Sales Agreement by 25,000,000 shares for a total of 30,366,246 shares. |
49M | 0 |
| Aug 23, 2024 |
8-K filing: ARMOUR Residential REIT, Inc. entered into Amendment No. 3 to its Equity Sales Agreement, increasing the number of common shares that may be offered and sold by 25,000,000, and also submitted Articles of Amendment to increase the number of authorized shares of common stock from 90,000,000 shares to 125,000,000 shares. |
49M | 0 |
| Jul 24, 2024 |
10-Q filing | 48.8M shares outstanding |
49M | 0 |
| Jun 21, 2024 |
8-K filing: ARMOUR Residential REIT, Inc. entered into Amendment No. 2 to its Common Stock Sales Agreement, adding BTIG, LLC as a sales agent for its 'at the market offering' program, where it may issue and sell up to 11,671,257 shares of common stock. The company also entered into Amendment No. 1 to its Preferred Stock Sales Agreement, adding BTIG to the sales agreement for its Series C Preferred Stock equity sales program. |
49M | 0 |
| Apr 25, 2024 |
10-Q filing | 48.8M shares outstanding |
49M | 0 |
| Mar 15, 2024 |
10-K filing | 48.7M shares outstanding |
49M | 0 |
| Oct 25, 2023 |
10-Q filing | 46.5M shares outstanding |
47M | 0 |
| Oct 02, 2023 |
Stock Split
8-K filing: ARMOUR Residential REIT, Inc. completed a 1-for-5 reverse stock split effective September 29, 2023, and has ongoing at-the-market offerings and dividend reinvestment and stock purchase plans. |
46M | 0 |
| Sep 29, 2023 |
Stock Split
8-K filing: Stock split 1-for-5 | Outstanding: 228,309,234 → 45,661,846 |
46M | 0 |
| Jul 26, 2023 |
10-Q filing | 228.3M shares outstanding |
230M | 0 |
| Apr 26, 2023 |
10-Q filing | 184.6M shares outstanding |
180M | 0 |
| Feb 15, 2023 |
10-K filing | 192.8M shares outstanding |
190M | 0 |
| Jan 17, 2023 |
8-K filing: ARMOUR Residential REIT, Inc. entered into a Fourth Amended and Restated Equity Sales Agreement on January 17, 2023, to issue and sell up to 60,000,000 shares of common stock through designated agents. |
120M | 0 |
| Nov 04, 2022 |
8-K filing: ARMOUR Residential REIT, Inc. entered into a Third Amended and Restated Equity Sales Agreement, allowing the company to issue and sell up to 44,078,107 shares of common stock through designated agents in an at-the-market offering. |
120M | 0 |
| Oct 26, 2022 |
10-Q filing | 123.3M shares outstanding |
120M | 0 |
| Jul 27, 2022 |
8-K filing: ARMOUR Residential REIT, Inc. increased its authorized shares of common stock from 200,000,000 shares to 300,000,000 shares and authorized a repurchase program of up to 2,000,000 shares of its Series C Cumulative Redeemable Preferred Stock. |
96M | 0 |
| Jul 27, 2022 |
10-Q filing | 106.5M shares outstanding |
110M | 0 |
| Jun 09, 2022 |
8-K filing: ARMOUR Residential REIT, Inc. entered into a Second Amended and Restated Equity Sales Agreement, allowing the company to issue and sell up to 36,298,608 shares of common stock through designated agents. |
96M | 0 |
| Apr 27, 2022 |
10-Q filing | 96.2M shares outstanding |
96M | 0 |
| Feb 16, 2022 |
10-K filing | 96.0M shares outstanding |
96M | 0 |
| Nov 16, 2021 |
8-K filing: ARMOUR Residential REIT, Inc. entered into an amended and restated Equity Sales Agreement on November 12, 2021, allowing the Company to issue and sell up to 25,661,843 shares of its common stock through designated agents. |
85M | 0 |
| Oct 27, 2021 |
10-Q filing | 84.9M shares outstanding |
85M | 0 |
| Jul 22, 2021 |
10-Q filing | 76.1M shares outstanding |
76M | 0 |
| May 17, 2021 |
8-K filing: ARMOUR Residential REIT, Inc. entered into an Equity Sales Agreement with BUCKLER Securities LLC, JMP Securities LLC, Ladenburg Thalmann & Co. Inc., and B. Riley Securities to issue and sell up to 17,000,000 shares of the Company's common stock through an at-the-market offering. |
67M | 0 |
| Apr 21, 2021 |
10-Q filing | 67.0M shares outstanding |
67M | 0 |
| Mar 18, 2021 |
8-K filing: ARMOUR Residential REIT, Inc. has sold 2,312,445 shares of its Common Stock under the 2012 Dividend Reinvestment and Stock Purchase Plan as of the date of this Current Report on Form 8-K and continues to offer unsold shares under the 2012 and 2013 plans. |
63M | 0 |
| Mar 08, 2021 |
8-K filing: ARMOUR Residential REIT, Inc. reports sales of 6,603,701 shares of common stock and 2,513,071 shares of Series C Preferred Stock under existing ATM offering programs as of the date of this report. |
63M | 0 |
| Feb 17, 2021 |
10-K filing | 63.1M shares outstanding |
63M | 0 |
| Oct 21, 2020 |
10-Q filing | 64.7M shares outstanding |
65M | 0 |
| Jul 22, 2020 |
10-Q filing | 63.7M shares outstanding |
64M | 0 |
| May 06, 2020 |
8-K filing: ARMOUR Residential REIT, Inc. entered into Amendment No. 2 to the Equity Sales Agreement, increasing the number of shares available for sale up to 17,000,000 shares of the Company's common stock through designated Agents, and as of the date hereof, the Company has sold 5,704,331 shares of common stock under the Sales Agreement. |
59M | 0 |
| May 01, 2020 |
10-Q filing | 58.9M shares outstanding |
59M | 0 |
| Apr 06, 2020 |
8-K filing: ARMOUR Residential REIT, Inc. entered into Amendment No. 1 to the Equity Sales Agreement, adding B. Riley as a sales agent, allowing the company to issue and sell up to 7,000,000 shares of its common stock through designated agents under an at-the-market offering program. |
44M | 0 |
| Feb 19, 2020 |
10-K filing | 43.7M shares outstanding |
44M | 0 |
| Jan 31, 2020 |
8-K filing: ARMOUR Residential REIT, Inc. entered into an Equity Sales Agreement with B. Riley FBR, Inc. and BUCKLER Securities LLC to offer and sell up to 6,550,000 shares of the Company's 7.00% Series C Cumulative Redeemable Preferred Stock through an at-the-market offering. |
N/A | 0 |
| Jan 28, 2020 |
8-K filing: ARMOUR Residential REIT, Inc. completed the sale of 3,450,000 shares of its new 7.00% Series C Cumulative Redeemable Preferred Stock at $25.00 per share, for total gross proceeds of approximately $86,250,000, and filed Articles Supplementary to designate 10,000,000 shares of preferred stock as Series C Preferred Stock. ($86.25M proceeds) |
N/A | 0 |