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Annaly Capital and AGNC Investment See Sharp Drop in Q3 Book Value

The Motley Fool +1 · ·by G4L

NLY
NLY Annaly Capital Management Inc
$18.95 +1.07%
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AGNC AGNC +1.71%
  1. 1Annaly Capital's Q3 tangible net book value per share fell by $2.29 from the second quarter to $17.86.
  2. 2AGNC Investment's Q3 book value per share fell by $1.45 from the second quarter to $7.13.
  3. 3Mortgage real estate investment trust (mREIT) values decline due to rising interest rates and increasing bond yields.

So what's the key point?

The book values of Annaly Capital and AGNC Investment decreased in the third quarter. This happened because the value of real estate investment trusts fell as interest rates and bond yields rose.

Source The Motley Fool +1 · View original ↗

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