Annaly Capital Management Inc

NLY

Equity

ISIN US0357108390 / Valor 121670140

New York Stock Exchange, Inc (2024-12-26)

USD 18.98-0.84%

Annaly Capital Management Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Annaly Capital Management Inc. is a diversified capital manager that focuses on investments in the real estate and mortgage finance sectors. The company operates through various groups, each targeting specific areas within the mortgage market. The Annaly Residential Credit Group specializes in acquiring Non-Agency residential mortgage assets, including those within the securitized product and whole loan markets. Meanwhile, the Annaly Agency Group focuses on investments in Agency mortgage-backed securities (MBS) that are collateralized by residential mortgages and guaranteed by government-sponsored enterprises such as Fannie Mae, Freddie Mac, or Ginnie Mae. This group also explores complementary investments within the Agency market, including Agency commercial mortgage-backed securities (CMBS). Additionally, Annaly's Mortgage Servicing Rights (MSR) Group invests in MSR assets, which entail the rights to service residential loans in return for a portion of the interest payments made on these loans. Through these specialized groups, Annaly Capital Management Inc. aims to leverage its expertise in the mortgage finance sector to generate returns for its investors.

Summarized from source with an LLMView SourceSector: Finance

Net Income

Annaly Capital Management, Inc. reported a GAAP net income of $0.05 per average common share for the third quarter of 2024. This reflects a positive shift from the previous quarter, indicating a stabilization in their financial performance.

Earnings Available for Distribution

The company announced earnings available for distribution (EAD) of $0.66 per average common share for the third quarter of 2024. This metric is crucial for investors as it represents the cash flow available to be distributed to shareholders.

Economic Return

Annaly Capital Management, Inc. achieved an economic return of 4.9% for the third quarter of 2024, contributing to a year-to-date economic return of 10.5%. This performance underscores the effectiveness of their diversified housing finance portfolio.

Book Value and Leverage

The book value per common share for Annaly Capital Management, Inc. was reported at $19.54 at the end of the third quarter of 2024. Additionally, the company reduced its GAAP leverage to 6.9x from 7.1x in the previous quarter, while economic leverage decreased slightly to 5.7x.

Dividends

Annaly Capital Management, Inc. declared a quarterly common stock cash dividend of $0.65 per share for the third quarter of 2024. This dividend reflects the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

-7.41%1Y

-42.1%3Y

-51.4%5Y

Performance

20.3%1Y

29.4%3Y

36.6%5Y

Volatility