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Annaly Grows Amid Slight Earnings Decline

NEW YORK CITY-The company announced multiple new hires one day after a disappointing earnings report.

By Rayna Katz | Updated on May 03, 2013

NEW YORK CITY-Annaly Capital Management, Inc. announced Wednesday the recent hiring of several executives for its commercial real estate platform. The headcount increase comes one day before the company announced its first quarter earnings, where a slight decline from previous quarters was revealed.

 “Over the past few months, FIDAC [a wholly owned subsidiary of Annaly] has continued to grow its commercial real estate expertise,” says Wellington Denahan, Annaly’s chairman and CEO. “Given the size of the opportunity that we see in the commercial real estate market, we are investing in additional personnel to further complement our origination, underwriting and asset management capabilities within this asset class.”

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