Annaly Q4 2023 Earnings Report
Key Takeaways
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.
GAAP net loss of ($0.88) per average common share for the quarter.
Earnings available for distribution (EAD) of $0.68 per average common share for the quarter.
Economic return of 10.1% for the fourth quarter.
Book value per common share of $19.44.
Annaly
Annaly
Forward Guidance
Annaly is encouraged by the improving operating environment and optimistic on the outlook for each of its businesses as the Federal Reserve likely shifts to a more accommodative monetary policy in 2024.