SCHEDULE: BlackRock Amends Stake in ARMOUR RESIDENTIAL REIT, Holding 15.8% of Common Stock

BlackRock, Inc. has filed an Amendment No. 7 to its Schedule 13G, disclosing a beneficial ownership of 15.8% of ARMOUR RESIDENTIAL REIT INC's common stock as of June 30, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 12,896,508 shares of ARMOUR RESIDENTIAL REIT INC common stock.
• This represents 15.8% of the total outstanding common stock.
• BlackRock, Inc. holds sole voting power over 12,678,525 shares and sole dispositive power over 12,896,508 shares.
• The filing is an Amendment No. 7 to Schedule 13G, indicating an update to previous ownership disclosures.
• The securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• iShares Core S&P Small-Cap ETF, an entity within BlackRock's structure, is noted to beneficially own more than five percent of the total outstanding common stock of ARMOUR RESIDENTIAL REIT INC.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual ownership disclosure and does not contain performance or strategic updates that would typically influence sentiment.

Positives

• BlackRock, Inc. maintains a significant beneficial ownership stake of 15.8% in ARMOUR RESIDENTIAL REIT INC, indicating continued institutional interest from a major asset manager.
• The holding is stated to be in the ordinary course of business, not for control purposes, suggesting a stable, passive investment strategy from a large institutional investor.

Negatives

• No specific negatives regarding ARMOUR RESIDENTIAL REIT INC's operational performance, financial health, or strategic outlook are disclosed in this ownership filing.

Risks

• No specific risks related to ARMOUR RESIDENTIAL REIT INC's operations, financial condition, or future prospects are detailed in this beneficial ownership disclosure.

Future Outlook

This Schedule 13G filing is an ownership disclosure and does not provide any forward-looking statements or guidance regarding ARMOUR RESIDENTIAL REIT INC's future outlook or performance.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing is a routine beneficial ownership disclosure by a major institutional investor, BlackRock, Inc., in a Real Estate Investment Trust (REIT). It reflects BlackRock's continued passive investment in the REIT sector, which is common for large asset managers seeking diversified exposure to income-generating real estate assets.

Comparison to Industry Standards

• This filing is an ownership disclosure and does not contain financial or operational results that can be directly compared to industry standards or specific comparable companies within the REIT sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can offer a signal of confidence or stability.
• Management: Confirms the presence of a large, passive institutional investor, which typically implies less direct involvement in corporate governance beyond voting on routine matters.

Next Steps

• BlackRock, Inc. will continue to file amendments to Schedule 13G if its beneficial ownership of ARMOUR RESIDENTIAL REIT INC's common stock changes by more than 1% or if its investment purpose changes, and will file an annual amendment by February 14th of each year.

Key Dates

Keywords

ARMOUR RESIDENTIAL REIT INC, BlackRock Inc., Schedule 13G, beneficial ownership, common stock, REIT, institutional investment, passive investment