Operating Expenses

Management fees waived

ARMOUR Residential REIT Management fees waived decreased by 100.0% to $0.00 in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 100.0%, from $1.65M to $0.00. Over 4 years (FY 2021 to FY 2025), Management fees waived shows a downward trend with a -6.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ1 2026Apr 22, 2026

How to read this metric

An increase suggests the manager is subsidizing costs to protect shareholder returns, while a decrease may indicate improved profitability or the expiration of fee-cap agreements.

Detailed definition

Represents the portion of management or advisory fees that the external manager has contractually agreed to forgo or rei...

Peer comparison

Common in REITs and investment funds where managers align interests with shareholders during market volatility.

Metric ID: operating_expenses_investment_company_contractual_fee_waived

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$2.10M$2.10M$2.00M$1.95M$1.95M$1.95M$1.95M$1.65M$1.65M$1.65M$1.65M$1.65M$1.65M$1.65M$1.65M$1.65M$1.65M$1.65M$1.65M$0.00
QoQ Change+0.0%-4.8%-2.5%+0.0%+0.0%+0.0%-15.4%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%-100.0%
YoY Change-7.1%-7.1%-2.5%-15.4%-15.4%-15.4%-15.4%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%+0.0%-100.0%
Range$0.00$2.10M
CAGR-100.0%
Avg YoY Growth-11.1%
Median YoY Growth-1.3%

Frequently Asked Questions

What is ARMOUR Residential REIT's management fees waived?
ARMOUR Residential REIT (ARR) reported management fees waived of $0.00 in Q1 2026.
How has ARMOUR Residential REIT's management fees waived changed year-over-year?
ARMOUR Residential REIT's management fees waived decreased by 100.0% year-over-year, from $1.65M to $0.00.
What is the long-term trend for ARMOUR Residential REIT's management fees waived?
Over 4 years (2021 to 2025), ARMOUR Residential REIT's management fees waived has grown at a -6.4% compound annual growth rate (CAGR), from $8.60M to $6.60M.
What does management fees waived mean?
The amount of management fees that the investment manager has agreed not to charge.