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.
GAAP net loss of ($1.79) per average common share for the quarter.
Earnings available for distribution (EAD) of $0.81 per average common share for the quarter.
Economic return of 3.0% for the first quarter.
Book value per common share of $20.77.
Annaly is encouraged by the robust returns available across its three investment strategies and believes it is well-positioned to take advantage of opportunities as they arise. The company is confident in its outlook and prepared for any additional market turbulence.
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