Annaly Capital Management Announces 1st Quarter 2025 Financial Results

Summary

Annaly Capital Management, Inc. reported financial results for the quarter ended March 31, 2025. GAAP net income was $0.15 per average common share, while earnings available for distribution (EAD) were $0.72 per average common share. The company increased its common stock cash dividend to $0.70 per share. The total portfolio stood at $84.9 billion, with its Agency portfolio increasing by 6%. Net interest margin was 0.87%, and economic leverage was 5.7x. Annaly's Residential Credit portfolio decreased to $6.6 billion, and MSR portfolio remained relatively unchanged at $3.3 billion. The company maintained a strong hedge position with a 95% hedge ratio.