Annaly Capital Management (NLY) Reports In-Line Q1 EPS

Annaly Capital Management (NYSE: NLY) reported Q1 EPS of $0.30, in-line with the analyst estimate of $0.30.

“Amidst one of the most volatile quarters in history and global fixed income yield levels reaching all-time lows, Annaly’s diversified platform once again delivered stable, normalized core earnings and an attractive return on equity for our shareholders,” commented Kevin Keyes, Chief Executive Officer and President.

Subsequent to the first quarter on April 11th, 2016, Annaly agreed to acquire Hatteras Financial Corp. for aggregate consideration of approximately $1.5 billion. “The Hatteras transaction is the largest mortgage REIT M&A deal ever,” Mr. Keyes remarked. “This acquisition enhances the scale and diversification of Annaly’s investment platform, is accretive to both earnings and book value and further solidifies our position as the industry’s leading hybrid mortgage REIT.”

For earnings history and earnings-related data on Annaly Capital Management (NLY) click here.

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