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/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.03

Q2 Net $60.37

Income mln

Q2 Net $273.20

Interest mln

Income

Q2 $60.81

Pretax mln

Profit

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 ( NLY ) 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:

(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.)