Annaly Capital Q2 net income falls

Annaly Capital Management

23/07/2025 21:42

Overview

Annaly Capital Q2 GAAP net income per share at $0.03, down from $0.15

Earnings available for distribution per share at $0.73, slightly up from prior quarter

Book value per common share decreased to $18.45 from $19.02

Outlook

Company remains optimistic about opportunities across its investment strategies

Annaly expects diversified housing finance portfolio to generate strong returns

Company highlights strategic positioning amid market volatility

Result Drivers

AGENCY PORTFOLIO GROWTH - Annaly's Agency portfolio increased by 6%, with capital deployed into specified pools and TBAs, per CEO David Finkelstein

RESIDENTIAL CREDIT STABILITY - Residential Credit portfolio remained stable at $6.6 bln, driven by record securitization issuance

FINANCING EXPANSION - Increased financing capacity by $500 mln through new and expanded credit facilities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.03
Q2 Net Income
$60.37 mln
Q2 Net Interest Income
$273.20 mln
Q2 Pretax Profit
$60.81 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Annaly Capital Management Inc is $21.00, about 2.9% above its July 22 closing price of $20.40

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw6pJwlza

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)