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Sep 30, 2021
Annaly Q3 2021 Earnings Report
Announced financial results, reporting positive economic return for shareholders and ample dividend coverage.
Key Takeaways
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.
GAAP net income of $0.34 per average common share for the quarter
Earnings available for distribution (“EAD”) of $0.28 per average common share for the quarter, down $0.02 quarter-over-quarter with dividend coverage of +125%
Economic return and tangible economic return of 2.9% for the quarter
Book value per common share of $8.39, up $0.02 from the prior quarter
Forward Guidance
Annaly is well-poised to take advantage of opportunities that arise as the Federal Reserve shrinks its footprint in the mortgage market given our prudent portfolio construction, historically low leverage and substantial liquidity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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