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 reported its financial results for Q3 2022, revealing a GAAP net loss of ($0.70) per share and Earnings Available for Distribution (EAD) of $1.06 per share, ensuring a dividend coverage of 120%. The economic return for the quarter was (11.7%), with a book value of $19.94 per share. Total assets rose to $86.2 billion, while GAAP leverage increased to 5.8x. Annaly declared a cash dividend of $0.88 per common share and is the second-largest purchaser of Mortgage Servicing Rights (MSR) this year, showcasing growth despite persistent market volatility.
Annaly Capital Management (NYSE: NLY) provided a portfolio update and preliminary financials as of September 30, 2022, amid ongoing market volatility. The estimated book value per share is between $19.85 and $20.05, a decline from $23.59 as of June 30, 2022. The GAAP leverage ratio increased to approximately 5.8:1. The company maintained a robust liquidity position of around $4.1 billion in cash and Agency MBS. A cash dividend of $0.88 per share was declared for Q3 2022.
Annaly Capital Management, Inc. (NYSE:NLY) will release its financial results for Q3 2022 on October 26, 2022, after market close. A conference call to discuss these results is scheduled for October 27, 2022, at 9:00 a.m. ET. Participants can pre-register to receive a PIN for immediate access to the call. Interested parties may join the call by dialing the provided numbers. A replay will be available for one week following the call. Annaly is focused on generating net income and optimizing returns through its diversified investment strategies as a REIT.
Annaly Capital Management announced a third quarter cash dividend of $0.88 per share, payable on October 31, 2022. This maintains a consistent dividend of $0.22 per share before a 1-for-4 reverse stock split, effective after market close on September 23, 2022. The split aims to reduce the outstanding shares from approximately 1.8 billion to around 445 million, enhancing stock appeal and potentially decreasing volatility. The ex-dividend date is set for September 29, 2022.
Annaly Capital Management has declared cash dividends for its preferred stock for the third quarter of 2022. The dividends include $0.434375 per share for the Series F Preferred Stock, $0.40625 per share for Series G Preferred Stock, and $0.421875 per share for Series I Preferred Stock. These payments are scheduled for September 30, 2022, to shareholders on record as of September 1, 2022. Annaly aims to generate net income for stockholders through diverse investment strategies in mortgage finance.
Annaly Capital Management (NYSE: NLY) has priced a public offering of 100,000,000 shares of common stock, aiming for gross proceeds of approximately $665 million. The offering is expected to close around August 3, 2022, subject to customary conditions. Underwriters have a 30-day option to purchase an additional 15,000,000 shares. Proceeds will be used to acquire targeted assets, including Agency MBS pools and residential credit assets, as well as for general corporate purposes like paying down obligations.
Annaly Capital Management, Inc. (NYSE: NLY) announced a public offering of 100,000,000 shares of common stock, with an additional option for underwriters to purchase 15,000,000 shares. The net proceeds will be utilized to acquire targeted assets, including Agency MBS pools and residential credit assets, as well as for general corporate purposes. The offering follows a previously filed shelf registration statement with the SEC. Goldman Sachs, Barclays, and others are managing the offering.
Annaly Capital Management (NYSE: NLY) reported a GAAP net income of $0.55 per average common share for Q2 2022. Earnings available for distribution rose to $0.30 per share, marking a 7% increase from the prior quarter, with over 135% dividend coverage. Book value per share decreased to $5.90. Economic return for the quarter was a loss of 9.6%. The company maintained a leverage ratio of 5.4x and reported total assets of $82.3 billion. Annaly's Mortgage Servicing Rights grew by 41% to $1.7 billion. A quarterly cash dividend of $0.22 per share was declared.
Annaly Capital Management (NYSE:NLY) will release its financial results for Q2 2022 after market close on July 27, 2022. A conference call and audio webcast to discuss these results is scheduled for July 28, 2022, at 9:00 a.m. ET. Participants can pre-register for the call to obtain a unique PIN for immediate access, while those who haven't pre-registered can join on the same day by calling the provided numbers. Annaly seeks to generate net income for its stockholders through diversified investment strategies as a REIT.
Annaly Capital Management (NYSE: NLY) announced the resignation of director Katie Beirne Fallon, effective July 14, 2022, as she will join Fidelity Investments as Executive Vice President. Fallon, who joined Annaly's Board in January 2018 and chaired the Corporate Responsibility Committee, contributed significantly to the company's ESG initiatives. Following her departure, Annaly's Board will now have 10 directors, with 60% identified as women and/or racially/ethnically diverse. Annaly remains focused on generating net income and optimizing returns for its shareholders.