Annaly Capital Management, Inc. Provides Earnings Guidance for the Quarter Ended March 31, 2020
April 07, 2020 at 05:15 pm EDT
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Annaly Capital Management, Inc. provided earnings guidance for the quarter ended March 31, 2020. The company estimates that on a preliminary basis net loss per average common share for the quarter ended March 31, 2020 was estimated between $2.40 and $2.60, compared to $0.82 per average common share for the quarter ended December 31, 2019.
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.
ANNALY CAPITAL MANAGEMENT, INC. 
