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REIT Earnings: Behind the Numbers

NEW YORK (TheStreet) -- Real estate investment trusts were a mixed bag this earnings season. Click through the slideshow for a roundup of some of the biggest names in the real estate sector. Annaly Capital Management (NLY)

On May 5, Annaly Capital (NLY) said it doubled its quarterly earnings year-over-year.

The REIT booked net income of $699.9 million, or 92 cents per share, up from $281.1 million, or 50 cents per share, in the year-earlier period.

Adjusted for one-time items, Annaly's profit came to $530.6 million, or 70 cents per share, topping expectations for earnings of 59 cents per share.

Annaly unloaded $4.2 billion of mortgage-backed securities and agency debentures in the recent quarter, resulting in a realized gain of $27.2 million.

It also issued 72.5 million shares of common stock through two separate public offerings, producing aggregate net proceeds of $2.9 billion.

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