Annaly Capital reports Q1 EAD 72c, consensus 70c

Reports book value per common share of $19.02 vs. $19.15 at year end. The company said, “We were pleased to deliver a 3% economic return in the first quarter, as well as an increase to our common stock dividend, with each of our three investment strategies contributing positively to our return. Subsequent to quarter end, we have seen an increase in interest rate volatility and MBS spread widening following the tariff announcements. We entered the year with our lowest leverage in a decade and substantial liquidity, which prepared us for the turbulent market environment. Looking ahead, we are equipped to navigate additional volatility with a strong balance sheet and active portfolio management. Importantly, we continue to see attractive returns across our three businesses and believe our diversified housing finance portfolio should allow us to deliver superior risk-adjusted returns over the long term.”