Annaly Capital Management Inc. Reports 2nd Quarter 2025 Financial Results

Summary

Annaly Capital Management, Inc. announced its financial results for the quarter ended June 30, 2025, showing a GAAP net income of $0.03 per average common share, earnings available for distribution (EAD) of $0.73 per average common share, and an economic return of 0.7% for the quarter. The company's book value per common share stood at $18.45, with a GAAP leverage of 7.1x and economic leverage of 5.8x. The company declared a common stock cash dividend of $0.70 per share for the second quarter. The portfolio increased to $89.5 billion, with the Agency portfolio growing by 6% to represent 62% of dedicated capital. The hedge portfolio remained defensively positioned with a 92% hedge ratio. The residential credit portfolio and mortgage servicing rights portfolio remained relatively unchanged. The company also raised $761 million of accretive common equity through its at-the-market sales program during the quarter.