Mortgage REIT Annaly Capital Q3 net income per share up on agency portfolio growth

Annaly Capital Management

22/10/2025 21:50

Overview

Annaly Capital Q3 GAAP net income per share rises to $1.21

Earnings available for distribution per share steady at $0.73

Annaly's Agency portfolio grows 10%, boosting overall performance

Outlook

Annaly maintains an optimistic outlook amid declining volatility and potential Fed rate cuts

Company plans to prudently grow portfolio while broadening housing finance capabilities

Result Drivers

AGENCY PORTFOLIO GROWTH - Annaly's Agency portfolio increased by 10%, driven by capital deployment into specified pools with call protection

RESIDENTIAL CREDIT EXPANSION - Residential Credit portfolio rose 4% due to record correspondent channel activity and securitization issuance

MSR PORTFOLIO INCREASE - MSR portfolio grew 6% with new subservicing relationship and MSR purchase agreement with PennyMac

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$843.06 mln
Q3 Net Interest Income
$275.75 mln
Q3 Pretax Profit
$835.24 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 $22.00, about 4.3% above its October 21 closing price of $21.05

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBw82PYbsa

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(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.)