Core earnings fall at Annaly as interest margin slides

• Core EPS of $239.7M or $0.23 per share vs. $350.1M and $0.35 in Q4.
• Book value per share of $12.30 up from $12.13 after payment of $0.30 dividend.
• Interest rate spread of 0.90% tumbles 53 basis points from Q4. CPR of 6% vs. 7% in Q4.
• Portfolio: Agency MBS of $77.8B up from $73.4B in Q4 (was $112.2B a year ago). Fixed-rate mortgages make up 93%, adjustable-rate 7%. Total commercial real estate investments of $1.7B, up from $1.6B in Q4.
• CC tomorrow at 10 ET
• NYSE:NLY -0.3% AH
• Source: Press Release