Annaly Capital

Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, Commercial Credit and Middle Market Lending. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. The Commercial Real Estate group includes commercial mortgage, loans, securities, and other commercial real estate debt and equity investments. The Middle Market Lending group provides financing to private equity backed middle market businesses across the capital structures. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on February 18, 1997 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Annaly Capital Management reports solid Q4 performance amidst market shifts

Annaly Capital Management delivered a strong performance in Q4 2022, adapting its portfolio and dividend strategy to navigate market conditions. While facing challenges in the housing market and dividend adjustments, the company remains optimistic about future opportunities and prepared for potential disruptions.

Annaly Capital reports resilient performance amidst market challenges and opportunities

Annaly Capital navigated a challenging quarter with cautious optimism, showcasing financial resilience and strategic portfolio positioning. Despite facing challenges from declining demand and market uncertainties, the company is capitalizing on opportunities in the agency MBS sector and credit risk transfer investments. With a focus on stability and control, Annaly Capital remains well-positioned for potential growth.

Annaly Capital reports resilient performance and eyes growth opportunities

Annaly Capital's Q2 2023 earnings call showcased a resilient performance amidst market volatility, with positive financial highlights and strategic portfolio updates. While challenges such as market volatility and potential balance sheet normalization exist, the company remains focused on maintaining returns and seizing opportunities for growth in residential credit and MSR assets. Overall, Annaly Capital maintains a cautious yet optimistic outlook for future market conditions.

Annaly Capital reports Q3 challenges, focuses on growth opportunities

Annaly Capital faced challenges with negative economic returns and declining book value per share in Q3 2023, driven by underperformance in Agency MBS and rising interest rates.
Despite these challenges, the company demonstrated strengths in portfolio management, MSR portfolio growth, and maintaining a healthy liquidity profile.
Opportunities lie in strategic growth initiatives, disciplined risk management, and capitalizing on market opportunities for improved performance and shareholder value.

Annaly Capital reports robust Q4 performance amidst Fed policy concerns

Annaly Capital delivered strong financial performance in Q4 2023, surpassing dividends and emphasizing strategic risk management.
The company faces challenges from potential Fed policy normalization but remains optimistic about shareholder returns and market preparedness.
Opportunities exist in portfolio enhancement through duration addition, credit growth, and sourcing MSR in a favorable environment.

Annaly Capital delivers robust Q1 performance amidst interest rate dynamics

Annaly Capital's Q1 2024 showcased strong performance in its residential credit and MSR businesses, underpinned by a disciplined approach to risk management. While challenges exist in managing interest rate risk and cost of funds, opportunities lie in optimizing capital efficiency and improving profitability through increased net interest margin.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. The Mortgage Servicing Rights group provides the right to service residential mortgage loans in exchange for a portion of the interest payments made on the loans. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on November 25, 1996 and is headquartered in New York, NY.

Devon Energy

KeyCorp

Kinder Morgan

Altria

Simon Property Group

Verizon

Investors love dividend stocks. They not only provide dependable income, but they also give investors a great opportunity for solid total return.

The 7 Highest-Yielding S&P 500 Stocks Could Be Huge ‘Strong Buy' Winners for the Second Half of 2023

PennyMac Mortgage Investment

Annaly originates primarily business purpose loans. PennyMac originates primarily government-guaranteed loans.

Better Buy: Annaly Capital or PennyMac Mortgage Trust?

AGNC Investment

ARMOUR Residential REIT

Real estate investment trusts (REITs) are a great source of passive income, as they are required by law to distribute at least 90% of their taxable income in the form of dividends. As a result, REITs typically have higher yields than the broader market.

3 High-Dividend Mortgage REITs Yielding Over 10%

Annaly Capital currently has a huge 12% dividend yield. The REIT owns a portfolio of mortgages, using leverage to try to enhance returns.

I'm Not Buying Annaly Capital. Here's Why.

Part 1 of this article compares NLY's recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has occurred during the second quarter of 2023 (fluctuating rates/yields), understanding the composition of NLY's MBS/investment and derivatives portfolio is crucial in understanding current/future performance. My current NLY BV projection and updated price target is in the “Conclusions Drawn” section. With the anticipated move higher in price, NLY is now deemed appropriately valued.

Annaly Capital's BV, Sector Valuation, And Dividend Sustainability Versus 19 MREIT Peers - Part 1 (Includes Recommendation For All Covered Peers As Of 6/9/2023)

Annaly Capital Management has performed well in the face of rising interest rates and widening spreads, protecting its book value with a shift to intermediate coupons and diversification into mortgage servicing rights and non-agency loans. The Federal Reserve's tightening cycle is nearing its end, which could benefit NLY and other mortgage REITs. NLY is a well-run company and is currently trading at a discount to book value, making it an attractive buy with strong upside potential once the Fed shifts its tactics.

Annaly Capital: Upgrading To Buy

Blackstone Group

Blackstone Mortgage Trust

VanEck Mortgage REIT Income ETF

Vanguard Real Estate ETF

Mortgage REITs lure a lot of investors with their 10%+ dividend yields. But these high yields come with significant risks. Over time, mREITs have earned very poor returns for their shareholders, and I explain why.

The Dark Side Of Mortgage REITs

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE: NLY) (the “Company” or “Annaly”) announced today the publication of its fourth ESG report for the year 2022, titled 25 Years of Purposeful Housing Finance Leadership, which highlights Annaly's continued focus on developing and executing our ESG strategy. “In 2022, Annaly celebrated its 25th anniversary as a public company, representing twenty-five years of leading with purpose. Since our founding, Annaly has recognized that a com.

Annaly Capital Management, Inc. Publishes Fourth ESG Report

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) declared the second quarter 2023 common stock cash dividend of $0.65 per common share. This dividend is payable July 31, 2023, to common shareholders of record on June 30, 2023. The ex-dividend date is June 29, 2023. About Annaly Annaly is a leading diversified capital manager with investment strategies across mortgage finance. Annaly's principal business objective is to.

Annaly Capital Management, Inc. Announces 2nd Quarter 2023 Common Stock Dividend of $0.65 per Share

EPR Properties

The market is a lot like high school - there are cliques everywhere. Sometimes, going against the grain provides you large sums of income. It's better to approach the market with an understanding mindset rather than one looking for a quick and easy answer.

Earn Up To 14% From Market Misfits

Mortgage REITs struggled in 2022 as rising rates put a big hurt on margins. The Federal Reserve continuing to hike interest rates remains a risk.

Why Is Annaly Capital's Dividend Yield So High?

Annaly Capital saw a large contraction in its net interest spread in the first quarter. The trust's book value declined marginally. The dividend pay-out ratio improved, however, thanks to Annaly Capital's dividend cut in 1Q-23.

Annaly Capital: Things Could Get Worse For This 13.7% Yielding Mortgage Trust

D.R. Horton

Zillow

In the financial markets, few partners are as closely intertwined as housing stocks and mortgage rates. They often move in sync, yet sometimes they surprise us with their own version of their favorite dance.

3 Housing Stocks That Will Benefit if Mortgage Rates Reverse Course

Alliance Resource Partners

Eagle Bulk Shipping

FS KKR Capital Corp

OneMain Hld

Starwood Property

Nobody is happier than senior citizens that bank rates have shot up and they can safely get as much as 4.5% and higher on insured bank money markets.

6 ‘Strong Buy' Analyst Favorite Stocks With 11% to 15% Dividends

Mortgage-backed security pricing is at historically attractive levels Once the Fed is done hiking rates, mortgage REITs will be much more appealing investments.

Better Buy: AGNC Investment or Annaly Capital?

Two Harbors Investment

The first company is off to a dreadful start to the year. Prices were finally wrecked hard enough to be slightly attractive for speculative positions. We also have a few alternatives for investors looking to get a higher yield without so much damage.

A High Yield Disaster

In investment (and in life too), it's never too late to learn from our mistakes. However, it's always way better to learn from other's mistakes. This article dissects a painful misjudgment I had regarding Annaly and AGNC about 1 year ago in March 2022.

My Annaly And AGNC Lesson: Don't Bite The Dividends

Relative valuation model for all LIBOR preferred stocks of the two companies. Exposing the overvalued ones and defending the undervalued ones.

Annaly And AGNC Preferred Stocks - Crazy Mispricings Create An Opportunity

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Dynex Capital

We take a look at the action in preferreds and baby bonds through the last week of April and highlight some of the key themes we are watching. Preferreds gained over April as risk sentiment turned positive in the absence of further bank tremors.

Preferreds Weekly Review: Agency mREIT Preferreds Kick Off Earnings

FirstEnergy

Pioneer Natural Resources

The timeless adage “buy low, sell high” has attracted countless people to participate in the stock market. But as many discover the hard way, the strategy is easier said than done.

Looking For Passive Income? These Dividend Stocks Yield Up To 13.4% — And Wall Street Sees Major Upside In Them

Improving average yield on interest-earning assets supports Annaly's (NLY) Q1 earnings, while lower NII remains a key undermining factor.

Annaly (NLY) Stock Rises 3.5% on Q1 Earnings Beat, NII Falls

Cherry Hill Mortgage

Rithm Capital Corp

Two stocks to drop. Frequent losers. Shareholder value keeps falling. A history of dividend reductions goes along with the declining price.

19% Dividend Yields And Big Short Interest

Annaly Capital Management, Inc. (NLY) Q1 2023 Earnings Call Transcript.

Annaly Capital Management, Inc. (NLY) Q1 2023 Earnings Call Transcript

Annaly delivered better than expected first-quarter results. That enabled the mortgage REIT to easily cover its reset, yet still high-yielding, dividend.

The Outlook Is Improving for This Ultra-High-Yield Dividend Stock. Time to Buy?

Annaly Capital Faces Continued Challenges.

News for Annaly Capital Stock (NLY)