Annaly Capital Management, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:15 pm
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Annaly Capital Management, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 167.03 million compared to USD 866.7 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 2.21 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 2.2 a year ago.
For the six months, net loss was USD 677.22 million compared to net income of USD 2,888.95 million a year ago. Basic loss per share from continuing operations was USD 1.51 compared to basic earnings per share from continuing operations of USD 7.6 a year ago. Diluted loss per share from continuing operations was USD 1.51 compared to diluted earnings per share from continuing operations of USD 7.59 a year ago.
Annaly Capital Management, Inc. is a diversified capital manager with investment strategies across mortgage finance. The Company owns a portfolio of real estate-related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer (CRT) securities, and other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans and mortgage servicing rights (MSR). Its investment groups include Annaly Agency Group, Annaly Residential Credit Group and Annaly Mortgage Servicing Rights Group. Annaly Agency Group invests in agency mortgage-backed securities (MBS) collateralized by residential mortgages. Annaly Residential Credit Group invests in non-agency residential mortgage assets within residential and commercial markets. Annaly Mortgage Servicing Rights Group invests in MSR, which provides the right to service residential mortgage loans in exchange for a portion of the interest payments.