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Annaly Capital Management Q1 2024 Earnings Report

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$19.51 +0.19 (+0.97%)
As of 03:59 PM Eastern
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Annaly Capital Management EPS Results

Actual EPS
$0.64
Consensus EPS
$0.64
Beat/Miss
Met Expectations
One Year Ago EPS
$0.81

Annaly Capital Management Revenue Results

Actual Revenue
$1.09 billion
Expected Revenue
$320.00 million
Beat/Miss
Beat by +$774.49 million
YoY Revenue Growth
N/A

Annaly Capital Management Announcement Details

Quarter
Q1 2024
Time
After Market Closes

NLY Upcoming Earnings

Annaly Capital Management will be holding an earnings conference call on Thursday, January 30 at 9:00 AM Eastern. Interested parties can register for or listen to the call or dial in at 412-317-0088 using passcode "3779727".

Conference Call Resources

Annaly Capital Management Earnings Headlines

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Annaly Capital initiated with an Equal Weight at Barclays
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About Annaly Capital Management

Annaly Capital Management (NYSE:NLY) Inc. is one of the largest mortgage real estate investment trusts in the United States. The company is based in Maryland, with a principal office in New York City. Annaly primarily borrows money via short-term repurchase agreements and reinvests the proceeds in asset-backed securities. 

Annaly is a mortgage real estate investment trust that earns profits from the difference between the interest it makes from its investments and the interest it pays on its borrowings, enhanced by leverage. 

In 1997, Michael A.J. Farrell and Wellington Denahan established Annaly to capitalize on the burgeoning real estate sector. 

In October 2012, Wellington Denahan assumed the CEO role; in 2013, Annaly acquired CreXus Investment for $996 million. In 2016, the firm completed the purchase of Hatteras Financial for $1.5 billion in cash and stock. In 2017, Annaly sold its Pingora servicing subsidiary, and in March 2020, David L. Finkelstein was appointed chief executive officer and board member. Later that year, Steven F. Campbell was named president of the company.

Annaly's investments are divided into four distinct groups: agency credit, residential credit, commercial credit and middle market lending. These investments include mortgage-backed securities, non-agency residential mortgage assets, mortgage servicing rights, residential mortgage loans, agency commercial mortgage-backed securities, corporate debts, credit risk transfer securities and other commercial real estate investments.

Annaly Capital Management Inc. has a strong track record of financial performance and is an S&P 400 component. Institutional investors and hedge funds own 52.80% of the company's stock, and EMG Holdings L.P., Bank of Montreal Canada, MetLife Investment Management LLC, Rhumbline Advisers, Yousif Capital Management LLC and CIBC World Market Inc. have all taken positions in Annaly Capital Management.

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