Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
690,015-16,539
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.84%0.00

Annaly reports net loss of $203.4 million

Annaly Capital Management (NLY) posted a net loss for the first quarter of $203.4 million, or $0.23 per share, compared to a net income of $1 billion or $1.07 per share for the previous quarter, missing earnings estimates by $0.06.

This is also a drastic fall from a net income of $870.3 million or $0.90 per share for the same quarter in 2013.

The company attributed the decrease from both prior periods to higher unrealized losses on interest rate swaps and interest-only agency mortgage-backed securities and a net loss on trading assets.

Wellington Denahan, chairman and CEO of Annaly, said, “We remain optimistic about the investment landscape in light of the market’s reaction to the Federal Reserve’s ongoing reduction of bond purchases.

“We continue to be flexible with our capital deployment and feel comfortable in our ability to sustain attractive risk-adjusted returns in the quarters ahead,” Denahan added. 

Most Popular Articles

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please