Thursday, May 3, 2012

Annaly Beats, Increases Leverage, But More Dividend Cuts May Be Looming


On Wednesday, May 2, 2012, after the markets closed, Annaly Financial (NLY), the largest publicly traded mortgage REIT, reported its results for the first quarter of 2012. The company reported Q1 GAAP net income of $901.8 million, or $0.92 per share, compared to $445.6 million, or $0.46 per share during Q4 of 2011. Annaly had also earned $0.92 during Q1 of 2011.



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