earnings
confidence high
sentiment positive
materiality 0.65
Annaly Q1 GAAP EPS $0.85, EAD $0.64; book value up to $19.73
ANNALY CAPITAL MANAGEMENT INC
2024-Q1 EPS reported
$0.85
- GAAP net income $0.85/sh vs prior Q loss $0.88; annualized GAAP return on equity 16.29%.
- Earnings available for distribution $0.64/sh, down from $0.68 in Q4 2023; quarterly dividend $0.65/sh.
- Book value per share $19.73, up 1.5% from $19.44; economic return 4.8% for Q1.
- Agency portfolio $64.7B; Residential Credit up 4% to $6.2B; MSR portfolio $2.7B; record securitization volume.
- GAAP leverage 6.7x (down from 6.8x); economic leverage 5.6x (down from 5.7x); hedge ratio decreased to 97%.