ANNALY CAPITAL MANAGEMENT INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
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General and Administrative Expenses
General and administrative (“G&A”) expenses consist of compensation and other expenses. The following table shows our total G&A expenses as compared to average total assets and average equity for the periods presented.
G&A Expenses and Operating Expense Ratios
| Total G&AExpenses | Total G&A Expenses/Average Assets | Total G&A Expenses/Average Equity | |
|---|---|---|---|
| For the three months ended · (dollars in thousands) | |||
| March 31, 2024 | $38,570 | 0.17% | 1.35% |
| March 31, 2023 | $40,828 | 0.19% | 1.40% |
G&A expenses were $38.6 million for the three months ended March 31, 2024, a decrease of $2.3 million compared to the same period in 2023. The change in each period was primarily due to a decrease in compensation, in addition to lower expenses related to technology, equipment, and insurance.
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