ANNALY CAPITAL MANAGEMENT INC
For the period ended Jun 30, 2024. Filed Jul 29, 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.
Jun 30, 2024 · Filed Jul 29, 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) | |||
| June 30, 2024 | $44,891 | 0.19% | 1.58% |
| June 30, 2023 | $42,915 | 0.19% | 1.44% |
| For the six months ended | |||
| June 30, 2024 | $83,461 | 0.18% | 1.47% |
| June 30, 2023 | $83,743 | 0.19% | 1.43% |
G&A expenses were $44.9 million for the three months ended June 30, 2024, an increase of $2.0 million compared to the same period in 2023. The change in the period was primarily due to an increase in compensation, partially offset by lower expenses related to technology and professional fees.
G&A expenses were $83.5 million for the six months ended June 30, 2024, a decrease of $0.3 million compared to the same period in 2023. The change in the period was primarily due to lower professional fees and expenses related to technology, equipment, and insurance, partially offset by an increase in compensation.
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