Annaly Q3 2021 Earnings Report
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
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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.