Annaly(US:NLY)2021-10-28 15:28Financial Performance - Earnings available for distribution was $028 per average common share for the third quarter, a decrease of $002 quarter-over-quarter, with dividend coverage of +125%[10] - Book value per common share increased to $839, up $002 quarter-over-quarter[10] - The economic return and tangible economic return for the third quarter was 29%[10] - The company declared a quarterly common stock cash dividend of $022 per share, resulting in a yield of 105%[10] Portfolio and Asset Management - Total assets amounted to $942 billion, with the Agency portfolio constituting 92% of total assets[10] - The Agency portfolio was increased by nearly $3 billion during the quarter, achieved through redeploying capital from the sale of the Commercial Real Estate Business[10] - The MSR portfolio grew by 41% quarter-over-quarter, representing 4% of dedicated capital[10] - The Residential Credit Group's portfolio has surpassed its pre-COVID size, representing 21% of dedicated capital, with approximately $14 billion of whole loans purchased during the quarter[10] Financing and Capital Activities - Financing costs reached a record low, with the average economic cost of interest-bearing liabilities decreasing by 17 basis points to 066%[10] - Economic leverage remained unchanged from the prior quarter at 58x[10] - The company completed the sale of Annaly's Commercial Real Estate Business for $233 billion[10] - $471 million of accretive common equity was raised year-to-date through the company's at-the-market sales program[10]