Annaly(US:NLY)2025-01-30 12:59Financial Performance - Annaly generated a ~12% economic return for the year with earnings available for distribution in excess of the dividend[8] - Earnings available for distribution was $0.72 per average common share for the quarter[9] - Book value per common share was $19.15[9] - Declared quarterly common stock cash dividend of $0.65 per share[9] - Economic return was 1.3% for the fourth quarter and 11.9% for the full year 2024[9] Portfolio Composition and Performance - Total portfolio was $80.9 billion, including $70.6 billion in highly liquid Agency MBS strategy, which represents 87% of total assets and 59% of dedicated capital[9] - Annaly's Residential Credit portfolio increased to $7.0 billion, representing a 17% increase year-over-year[9] - Annaly's MSR portfolio increased 24% year-over-year to $3.3 billion in market value, now representing 19% of dedicated capital[9] Financing and Liquidity - Economic leverage was 5.5x, down from 5.7x in the third quarter[9] - $6.9 billion of total assets were available for financing, including cash and unencumbered Agency MBS of $3.9 billion[9] - Financing costs decreased quarter-over-quarter with average GAAP cost of interest-bearing liabilities of 4.96%, down 46 basis points quarter-over-quarter, and average economic cost of interest-bearing liabilities of 3.79%, down 14 basis points quarter-over-quarter[9]