Annaly Capital Management Reports Third Quarter 2024 Results

Summary

Annaly Capital Management, Inc. reported its financial results for the third quarter of 2024. The company announced a GAAP net income of $0.05 per average common share and earnings available for distribution (EAD) of $0.66 per average common share. The total investment portfolio increased to $97.7 billion, with an economic return of 10.5% year-to-date through the third quarter. The company also declared a quarterly common stock cash dividend of $0.65 per share. Annaly's total assets decreased slightly to $101.5 billion, while total equity increased to $12.5 billion, reflecting a strong capital position.