Annaly Capital Posts $1.04 Billion Q3 Loss on Investment Write-Downs; Declares $0.75 Dividend

Annaly Capital Management Inc. (NLY) reported a third-quarter net loss available to common stockholders of $1.04 billion, or $1.36 per share, reversing net income of $791.3 million, or $1.21 per share, a year earlier. The loss stemmed from net losses on investments and other items of $4.72 billion, partly offset by $3.07 billion in net derivative gains. Net interest income rose to $543.6 million from $275.8 million, and net servicing income climbed to $156.0 million from $126.3 million. Earnings available for distribution increased to $649.1 million, or $0.80 per share, from $519.9 million, or $0.73 per share. Net interest margin widened to 1.54% from 0.97%, while book value per common share fell to $17.86 from $19.25. The company declared a quarterly common dividend of $0.75 per share.