Annaly Earnings Reports

Annaly Capital Management reported a GAAP net income of $0.78 per average common share and earnings available for distribution (EAD) of $0.72 per average common share for Q4 2024. The company's economic return was 1.3% for the quarter and 11.9% for the full year. Annaly's Agency portfolio decreased modestly by 3%, while the Residential Credit and MSR portfolios increased by 8% and 17%, respectively.

Annaly Capital Management reported a GAAP net income of $0.05 per average common share and earnings available for distribution (EAD) of $0.66 per average common share for the third quarter of 2024. The company's economic return was 4.9% for the quarter and 10.5% year-to-date. The book value per common share was $19.54, and the company declared a quarterly common stock cash dividend of $0.65 per share.

Annaly Capital Management reported a GAAP net loss of ($0.09) per average common share, but earnings available for distribution (EAD) of $0.68 per average common share. The company's economic return was 0.9% for the quarter and 5.7% for the first half of the year. Annaly strategically increased its Agency portfolio and maintained a conservative hedge position.

Annaly Capital Management reported a GAAP net income of $0.85 per average common share and earnings available for distribution (EAD) of $0.64 per average common share for the first quarter of 2024. The company's economic return was 4.8% for the quarter, with a book value per common share of $19.73. The total portfolio was $73.5 billion, including $64.7 billion in Agency portfolio.

Annaly Capital Management reported a GAAP net loss of $0.88 per average common share for the quarter, but earnings available for distribution (EAD) of $0.68 per average common share. The company's economic return was 10.1% for the quarter, with a book value per common share of $19.44. Annaly continued to make progress in expanding capabilities across housing finance as they further scaled their Residential Credit and MSR businesses last year.

Annaly Capital Management reported a GAAP net loss of ($1.21) per average common share and earnings available for distribution (EAD) of $0.66 per average common share for Q3 2023. The economic return was (8.8%) for the quarter, with a book value per common share of $18.25. The company maintained a total portfolio of $76.2 billion, including a $68.5 billion Agency portfolio, and actively managed its hedge position, increasing the hedge ratio from 105% to 115%.

Annaly Capital Management reported a GAAP net income of $0.27 per average common share and Earnings Available for Distribution (EAD) of $0.72 per average common share for Q2 2023. The company's economic return was 2.9% for the quarter, with an annualized GAAP return on average equity of 5.4% and an annualized EAD return on average equity of 13.2%. The total portfolio was $78.9 billion, and the book value per common share was $20.73.

Annaly Capital Management reported a GAAP net loss of ($1.79) per average common share and earnings available for distribution (EAD) of $0.81 per average common share for Q1 2023. The company's economic return was 3.0% for the quarter, with book value per common share at $20.77. Despite market volatility, Annaly maintained a defensive duration position and grew its Agency portfolio through accretive equity issuance.

Annaly Capital Management, Inc. reported GAAP net loss of ($1.96) per average common share and earnings available for distribution (EAD) of $0.89 per average common share for Q4 2022. The company's economic return was 8.7% for the quarter. The company's total assets were $80.6 billion, including $72.9 billion in highly liquid Agency portfolio.

Annaly Capital Management reported a GAAP net loss of ($0.70) per average common share for the quarter, with earnings available for distribution (EAD) of $1.06 per average common share. The company's total assets increased to $86.2 billion, and the Agency Portfolio grew by 4.5% to $78.2 billion. Annaly was also added to the S&P MidCap 400 Index.

Annaly Capital Management reported a GAAP net income of $0.55 per average common share and Earnings Available for Distribution (EAD) of $0.30 per average common share for the second quarter of 2022. The company's Agency portfolio decreased modestly, while the MSR platform grew assets by 41% to $1.7 billion. The sale of the Middle Market Lending portfolio was completed during the quarter, transitioning Annaly to a dedicated housing finance REIT.

Annaly Capital Management reported a GAAP net income of $1.37 per average common share and earnings available for distribution of $0.28 per average common share for the quarter, with an economic return of (12.3%). The company's book value per common share was $6.77, with GAAP leverage at 5.3x and economic leverage at 6.4x. They declared a quarterly common stock cash dividend of $0.22 per share.

Annaly Capital Management reported GAAP net income of $0.27 per average common share and earnings available for distribution (EAD) of $0.28 per average common share for Q4 2021. The company's capital allocation to credit businesses increased, and its MSR platform grew by 12%.

Annaly Capital Management reported GAAP net income of $0.34 per average common share and earnings available for distribution of $0.28 per average common share. The company modestly grew its Agency portfolio and saw its complementary credit portfolio increase to 30% of dedicated capital.

Annaly Capital Management reported a GAAP net loss of ($0.23) per average common share, but earnings available for distribution (EAD) of $0.30 per average common share, covering the dividend by +135%. The company increased capital allocation to residential credit and grew its MSR platform. The sale of the Commercial Real Estate Business is on track.

Annaly Capital Management reported a strong start to the year with GAAP net income of $1.23 per average common share. The company also announced an agreement to sell its Commercial Real Estate business for $2.33 billion to focus on its core residential mortgage finance business.

Annaly Capital Management reported strong results in the fourth quarter of 2020, with a GAAP net income of $0.60 per average common share and core earnings (excluding PAA) of $0.30 per average common share. The company's economic return for the quarter was 5.1%, and the book value per common share increased to $8.92. Annaly also declared a quarterly common stock cash dividend of $0.22 per share.

Annaly Capital Management reported a GAAP net income of $0.70 per average common share, a core earnings (excluding PAA) of $0.32 per average common share, and an economic return of 6.3%. The company's book value per common share increased to $8.70, and economic leverage decreased to 6.2x. They completed two residential whole loan securitizations totaling $1.0 billion and repurchased $209 million of common stock year-to-date.

Annaly Capital Management reported a GAAP net income of $0.58 per average common share, up from ($2.57) in the prior quarter. Core earnings (excluding PAA) were $0.27 per average common share, up 28.6% from the prior quarter. The book value per common share was $8.39, up 11.9% from the prior quarter.

Annaly Capital Management reported a GAAP net loss of $2.57 per average common share, but core earnings (excluding PAA) were $0.21 per average common share. The company actively managed its portfolio to reduce leverage, with total assets of $99.3 billion. Annaly also announced that it will acquire its external manager and transition to an internally-managed REIT.

Annaly Capital Management reported a GAAP net income of $0.82 per average common share and core earnings (excluding PAA) of $0.26 per average common share for Q4 2019. The economic return was 7.6% for the quarter, and the company's book value per common share increased to $9.66.