Annaly Capital Management, Inc. reports developments tied to its mortgage REIT platform and diversified investment strategies across mortgage finance. The company is internally managed and has elected REIT tax status, with business activity centered on Agency mortgage-backed securities, Residential Credit investments in non-Agency residential whole loans and securitized products, and Mortgage Servicing Rights.
Recurring updates include quarterly financial results, portfolio allocation, leverage and hedge disclosures, securitization activity, Onslow Bay correspondent loan activity, and cash dividends on common stock and Series F, Series G and Series J preferred stock. Annaly also announces earnings-call schedules and investor materials associated with its financial reporting cycle.
Annaly Capital Management (NYSE: NLY) reported a GAAP net loss of $0.23 per share for Q2 2021, with earnings available for distribution (EAD) increasing 3.4% to $0.30 per share. The company declared a cash dividend of $0.22 per share, maintaining a coverage ratio of 135%. Total assets rose to $92.9 billion, while capital allocation to residential credit increased from 13% to 19%. Average GAAP cost of interest-bearing liabilities fell to 0.35%. The company’s strategic divestiture of its commercial real estate business is on track for completion by Q3 2021.
Annaly Capital Management (NYSE:NLY) will release its financial results for the quarter ending June 30, 2021, after market close on July 28, 2021. A conference call to discuss these results is scheduled for July 29, 2021, at 9:00 a.m. ET. Participants can pre-register for the call to receive a unique PIN for immediate access. For those who do not pre-register, call-in options are available on the day of the event. Annaly aims to generate net income for its stockholders through its diversified investment strategies as a REIT.
Annaly Capital Management (NYSE: NLY) released its 2020 Corporate Responsibility Report titled Leading with Purpose, highlighting progress in environmental, social, and governance (ESG) initiatives. The report emphasizes Annaly's commitment to corporate governance, including diverse board representation, human capital improvements with new diversity leadership, and responsible investments supporting nearly 700,000 homes. Additionally, the company has taken steps towards enhanced risk management and environmental accountability by offsetting its greenhouse gas emissions. For more details, visit www.annaly.com/our-responsibility.
The Board of Directors of Annaly Capital Management (NYSE: NLY) declared a cash dividend of $0.22 per common share for Q2 2021. This dividend will be payable on July 30, 2021, to shareholders on record by June 30, 2021, with an ex-dividend date of June 29, 2021. Annaly is a prominent diversified capital manager focused on generating net income for shareholders through various investment strategies. The company operates as a real estate investment trust (REIT), optimizing returns while managing risks associated with market fluctuations.
Annaly Capital Management (NLY) announces the resignation of director Donnell A. Segalas, effective after the Annual Meeting of Stockholders on May 19, 2021. Segalas has been with the Board since 1997 and served in various committees, including Management Development and Compensation. CEO David Finkelstein and Chair Michael Haylon expressed gratitude for his two decades of service. Post-meeting, the Board remains composed of 11 directors, with 64% identifying as women or diverse. Annaly aims to continue optimizing returns as a leading capital manager focused on residential and commercial assets.
Annaly has declared cash dividends for its preferred stock series for Q2 2021. Shareholders will receive $0.434375 per share for Series F, $0.40625 for Series G, and $0.421875 for Series I. The dividends are payable on June 30, 2021, to shareholders of record as of June 1, 2021. Annaly is a diversified capital manager primarily focused on optimizing returns through investments in residential and commercial assets, structured as a real estate investment trust (REIT).
Annaly Capital Management (NLY) reported a GAAP net income of $1.23 per share for Q1 2021, a significant rise from $0.60 in Q4 2020. Core earnings were $0.29 per share, down slightly from the previous quarter. The quarterly dividend remains at $0.22 per share. Total assets reached $100.4 billion, with an Agency portfolio of $92.6 billion. The company announced the planned sale of its Commercial Real Estate business for $2.33 billion, enhancing its focus on residential mortgage finance while maintaining a low cost of interest at 0.42%.
Annaly Capital Management (NYSE:NLY) will release its financial results for Q1 2021 on April 28, 2021, post-market. A conference call to discuss these results will occur on April 29, 2021, at 9:00 a.m. ET. Investors can pre-register for the call via Annaly's website, allowing bypassing of the live operator. The call can also be accessed through a toll-free number. A replay will be available for one week afterwards. Annaly is a major diversified capital manager focused on residential and commercial assets, aiming to maximize returns for shareholders.
Annaly Capital Management (NYSE: NLY) has entered a definitive agreement to sell its Commercial Real Estate business to Slate Asset Management for $2.33 billion. This transaction includes equity interests, loan assets, and commercial mortgage-backed securities. Following the sale, key employees will transition to Slate. Annaly's CEO stated this move will enhance their focus on residential mortgage finance, a core strategy since 2013. The sale is expected to have an immaterial impact on financial metrics, including book value and dividends, with proceeds potentially used for targeted acquisitions.
Annaly Capital Management (NYSE: NLY) announced the appointment of Eric A. Reeves as an independent board member, effective March 19, 2021. Reeves brings extensive legal and investment experience, enhancing the board's capabilities. He aims to contribute to risk-adjusted returns in real estate and corporate lending. Reeves has held senior roles at Duchossois Capital Management and has a robust background in law. He will stand for re-election at the 2021 Annual Meeting of Stockholders.
Annaly operates as a diversified capital manager focusing on residential and commercial assets.