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Annaly
🇺🇸 NYSE:NLY
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Jun 30, 2020

Annaly Q2 2020 Earnings Report

Reported a rebound in results with the strongest quarterly book value growth since the start of the Great Recession, and core earnings per share outperformed the declared dividend.

Key Takeaways

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.

GAAP net income of $0.58 per average common share for the quarter, up from ($2.57) in the prior quarter

Core earnings (excluding PAA) of $0.27 per average common share for the quarter, up 28.6% from the prior quarter

GAAP return on average equity of 25.8% and core return on average equity (excluding PAA) of 12.8% for the quarter

Book value per common share of $8.39, up 11.9% from the prior quarter

Total Revenue
$585M
Previous year: $928M
-37.0%
EPS
$1.08
Previous year: $1
+8.0%
Net Interest Margin
1.89%
Average Yield on Assets
2.77%
Cost of Interest Bearing Liabilities
0.96%
Cash and Equivalents
$1.39B
Previous year: $1.98B
-29.7%
Total Assets
$93.5B
Previous year: $132B
-29.1%

Annaly

Annaly

Forward Guidance

While optimistic, Annaly will remain nimble and conservatively positioned as they prepare for a variety of potential economic scenarios.

Positive Outlook

  • Portfolio performed well due to the relative attractiveness of the MBS sector.
  • Accommodative monetary policy.
  • Fiscal support for the economy.
  • Completed management internalization.
  • Focus on corporate responsibility and governance enhancements.

Company Overview

Full financial data and analysis

View Annaly