Annaly Capital Management, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 04:15 pm EDT
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Annaly Capital Management, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was USD 562.21 million compared to USD 275.26 million a year ago. Basic loss per share from continuing operations was USD 1.21 compared to USD 0.7 a year ago. Diluted loss per share from continuing operations was USD 1.21 compared to USD 0.7 a year ago.
For the nine months, net loss was USD 1,239.43 million compared to net income of USD 2,613.69 million a year ago. Basic loss per share from continuing operations was USD 2.73 compared to basic earnings per share from continuing operations of USD 6.46 a year ago. Diluted loss per share from continuing operations was USD 2.73 compared to diluted earnings per share from continuing operations of USD 6.45 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.