Annaly Capital Q2 EPS rises sharply as securization activity hits record

Annaly Capital Management, Inc.

Annaly Capital Management, Inc.

NLY

0.00


Overview

  • U.S. mortgage REIT's Q2 GAAP EPS rose sharply year-over-year

  • Earnings available for distribution per share increased from prior year

  • Company raised quarterly dividend to $0.75 per share


Outlook

  • Annaly sees meaningful opportunities across all three investment strategies

  • Company says scale, liquidity and disciplined capital allocation position it for risk-adjusted returns


Result Drivers

  • AGENCY PORTFOLIO GROWTH - Co increased Agency portfolio by nearly $3 bln, focusing on higher coupon TBA securities and specified pools

  • SECURITIZATION ACTIVITY - Record thirteen securitizations totaling $6.8 bln issued by Residential Credit Group, expanding financing capacity

  • HIGH HEDGE RATIO - Maintained conservative hedge positioning with a 97% hedge ratio due to elevated macro uncertainty


Company press release: ID:nBw9W3ZTqa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EPS

$1.06


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