- ARR reported a Q3 2026 net loss to common stockholders of $327.0 million, or $2.26 per share, versus $156.3 million of net income in Q3 2025, driven by a $1,165.1 million MBS loss.
- Net interest income rose to $83.7 million from $38.5 million year over year, and Distributable Earnings, a non-GAAP measure, were $102.3 million, or $0.71 per share.
- Book value per common share decreased to $14.55, and total economic return was (12.9)%.
- Management attributed widened mortgage spreads and rising interest rates to a more hawkish Federal Reserve while maintaining a constructive outlook on the MBS market.
- ARR declared a $0.24-per-share common dividend payable November 27, 2026, and raised $205.7 million by issuing 12,366,481 common shares through its at-the-market offering program.
- ARR announced that Margaret Field Karr joined the company as a Strategic Investor Relations Advisor, with more than 14 years of investor relations, communications, and financial services experience.
Quotes
“more hawkish Federal Reserve”
“her expertise will enhance the company's investor relations capabilities”