Total portfolio grew to USD 109.4 billion, including a USD 95 billion Agency portfolio; residential credit held at USD 10.4 billion, MSR market value at USD 4.1 billion.
Leverage and hedge position
GAAP leverage edged up to 7.4x from 7.3x; economic leverage eased to 5.6x from 5.7x, with the hedge ratio lifted to 97% from 87%.
Quarterly results and dividend
Annaly posted GAAP net income of USD 1.06 per average common share, up from USD 0.33 in the prior quarter.
Earnings available for distribution were USD 0.79 per share, up from USD 0.76; the quarterly common dividend increased to USD 0.75 from USD 0.70.
Economic return was 5.5% with book value per share rising to USD 20.15 from USD 19.82.