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Annaly Capital Management, Inc. (NYSE: NLY) is a prominent American mortgage real estate investment trust (REIT), established in 1997. Annaly is dedicated to generating net income for distribution to its shareholders through the meticulous selection and management of its investments. Since its inception, Annaly has distributed over $13 billion in dividends, underscoring its commitment to shareholder returns.
Annaly's diversified portfolio includes mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, and other securities backed by pools of mortgage loans. The company also invests in residential mortgage loans and mortgage servicing rights. Annaly operates through three main investment groups:
- Annaly Agency Group: Focuses on investments in agency mortgage-backed securities.
- Annaly Residential Credit Group: Deals with non-agency residential mortgage assets.
- Annaly Mortgage Servicing Rights Group: Invests in mortgage servicing rights and related assets.
Annaly's strategic approach is to optimize returns while mitigating risk through a diversified investment strategy. The company is headquartered in New York and is listed on the New York Stock Exchange under the ticker symbol NLY. Annaly's goal is to offer stable and attractive returns to its shareholders while maintaining a robust and diversified portfolio.
Recent Achievements: Annaly continues to enhance its portfolio with strategic acquisitions and prudent financial management. The company remains focused on maximizing shareholder value through disciplined investment practices and operational excellence.
Current Projects: Annaly is actively involved in expanding its investment horizons, particularly in residential mortgage loans and mortgage servicing rights, to capitalize on evolving market opportunities. The company is committed to leveraging its expertise to navigate the dynamic real estate market effectively.
Annaly Capital Management is a leader in the mortgage REIT sector, known for its significant contributions to shareholders and its robust investment strategies. Investors seeking a reliable income-generating real estate investment trust consider Annaly a key player.
Annaly Capital Management reported its financial results for Q1 2023, highlighting a GAAP net loss of ($1.79) per share and earnings available for distribution of $0.81 per share. The company achieved an economic return of 3.0% and a book value per share of $20.77. GAAP leverage decreased to 5.9x, while economic leverage rose to 6.4x. Annaly declared a cash dividend of $0.65 per share, despite a significant decline in annualized GAAP return on equity, now at (28.8%). Total assets were reported at $85.5 billion, with notable advances in the Residential Credit Group. Although the company navigated market volatility effectively, it faced challenges, including an average GAAP cost of interest-bearing liabilities increasing to 4.52%. CEO David Finkelstein expressed confidence in Annaly's positioning to capitalize on future opportunities.
Annaly Capital Management (NYSE:NLY) has announced it will release its financial results for the quarter ending March 31, 2023, after market close on April 26, 2023. Following the results, a conference call will be held on April 27, 2023, at 9:00 a.m. Eastern Time. Participants are encouraged to pre-register for the call to receive a unique access PIN. For those who do not pre-register, they can still join the call by dialing in on the event day. A playback of the call will be available for a week after the event. Annaly focuses on generating net income for its shareholders through diversified capital management in mortgage finance, operating as a real estate investment trust (REIT).
Annaly Capital Management (NYSE: NLY) has appointed Martin Laguerre as an independent board member effective March 13, 2023. Laguerre, a Senior Advisor at Warburg Pincus, brings over 25 years of financial expertise, enhancing Annaly's strategic focus in the housing finance market. He previously held senior roles at CDPQ and CPP Investment Board, and now serves on the boards of BGC Partners and other financial entities. Laguerre aims to leverage his experience to drive shareholder value and strengthen Annaly's position in the residential mortgage sector.
The Board of Directors of Annaly Capital Management (NYSE: NLY) declared a common stock cash dividend of $0.65 per share for Q1 2023, payable on April 28, 2023. Shareholders of record by March 31, 2023 will receive this dividend, with the ex-dividend date set for March 30, 2023. CEO David Finkelstein stated that this dividend aligns with the company's historical yield on book value, providing a sustainable yield of approximately 12.5%. Estimated book value per share ranges between $20.60 and $20.80 as of March 13, 2023.
Annaly Capital Management (NYSE: NLY) announced the retirement of Wellington J. Denahan, co-founder and Vice Chair of the Board, effective after the 2023 Annual Meeting. Under her leadership, Annaly evolved from a pure agency mortgage REIT to a diversified housing finance leader, delivering over 700% total shareholder return since its IPO in 1997 and $24 billion in dividends. Denahan's tenure has been marked by innovation and entrepreneurship. CEO David Finkelstein credited her vision for the company's significant achievements, noting that her departure will mark the end of an era for Annaly.
Annaly Capital Management has declared cash dividends for its Series F, G, and I Preferred Stocks for Q1 2023. The Series F Preferred Stock will pay $0.607679 per share, resulting in a yield of 9.72%. The Series G Preferred Stock will pay $0.40625 per share, while the Series I Preferred Stock will pay $0.421875 per share. All dividends are payable on March 31, 2023, to shareholders of record as of March 1, 2023. Annaly is recognized for its diversified capital management strategies focused on generating net income to distribute to stockholders.
Annaly Capital Management (NYSE: NLY) announced its financial results for Q4 and FY 2022. The company reported a GAAP net loss of ($1.96) per share for the quarter but net income of $3.93 per share for the full year. Earnings available for distribution (EAD) were $0.89 for Q4 and $4.23 for the year. Annualized GAAP return on average equity was (31.8%) for Q4. Annaly maintained total assets of $80.6 billion, and GAAP leverage increased to 6.0x. A quarterly dividend of $0.88 was declared. Key growth was noted in the Agency portfolio, with an economic return of 8.7% in Q4, despite a challenging 2022.
Annaly Capital Management, Inc. (NYSE:NLY) plans to release its financial results for the quarter and year ended December 31, 2022 after market close on February 8, 2023. A conference call will follow on February 9, 2023 at 10:00 a.m. Eastern Time to discuss the results. Pre-registration for the call is encouraged to receive a unique PIN for access. The replay of the call will be available for one week afterward. Annaly is focused on generating net income for stockholders through diversified investment strategies as a real estate investment trust (REIT).
Annaly Capital Management, Inc. (NYSE: NLY) has appointed Steven F. Campbell as President, in addition to his role as Chief Operating Officer, effective immediately. Campbell has been with Annaly since 2015 and has over 25 years of experience in financial services. CEO David Finkelstein emphasized Campbell's pivotal role in Annaly's success and strategic execution. The company, which is a leading residential mortgage REIT, aims to optimize returns for stockholders through diversified investment strategies. For more information, visit .