COMP <GO>

ARR vs DEI // FREE CASH FLOW YIELD

ARMOUR Residential REIT Inc. (NYSE) VS. Douglas Emmett Inc. (NYSE) • 15-METRIC TALLY: ARR 3 — DEI 3

▲ FREE CASH FLOW YIELD LEADER: DEI

LAST: $12.13 (-2.26%) • MKT CAP: $1.84B

fcf-yield

6.54%

LAST: $9.85 (-2.76%) • MKT CAP: $1.70B

fcf-yield

22.62%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ARR VS. DEI) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ARR	DEI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	14.30%	0.90%	+13.40	ARR	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield ACTIVE	6.54%	22.62%	-16.08	DEI	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	1.60%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	1.80%	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	7.44%	-7.44	DEI	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	4/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	34.3	52.3	-18.00	DEI	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	5.5x	97.7x	-92.20	ARR	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.84B	$1.70B	$145.2M	ARR	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ARR REV	DEI REV	ARR GROSS %	DEI GROSS %	ARR FCF	DEI FCF
FY 2025	$8.82B	$1.00B	—	—	$124.2M	$386.9M
FY 2024	$5.69B	$986.5M	—	—	$261.5M	$408.7M
FY 2023	$504.7M	$1.02B	—	—	$132.8M	$427.0M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ARR // BETA —

DEI // BETA —