Exhibit 99.1

Crexus Investment Corp. Reports Results for the 2^nd Quarter 2012

NEW YORK--(BUSINESS WIRE)--August 1, 2012--CreXus Investment Corp. (NYSE: CXS), today reported GAAP net income for the quarter ended June 30, 2012 of $14.4 million or $0.19 per average share, as compared to $22.1 million or $0.29 per average share for the quarter ended June 30, 2011 and $16.1 million or $0.21 per average share for the quarter ended March 31, 2012.

Common dividends declared for the quarters ended June 30, 2012, June 30, 2011 and March 31, 2012, were $0.27, $0.25 and $0.27 per common share, respectively. The Company distributes dividends based on its current estimate of taxable earnings per common share, not GAAP earnings. Taxable and GAAP earnings will typically differ due to items such as differences in premium amortization and discount accretion, non-taxable unrealized and realized gains and losses, credit loss recognition, and non-deductible general and administrative expenses. The annualized dividend yield on the Company’s common stock for the quarter ended June 30, 2012, based on the June 30, 2012 closing price of $10.17, was 10.62%.

On a GAAP basis the Company provided a return on average equity of 6.24%, 10.03% and 6.97%, for the quarters ended June 30, 2012 and June 30, 2011, and March 31, 2012, respectively.

Kevin Riordan, Chief Executive Officer and President of CreXus, commented on the quarter’s results. “Our markets remain competitive, with a range of opportunities for new investments and portfolio improvement. In the second quarter CreXus closed $150 million of new subordinate debt investments; completed the sale of a $50 million senior ‘A’ note and sold two hotels realizing approximately $11 million and a pre-tax gain of $1.8 million. In the process, we increased our portfolio yield and extended our maturities. Our transaction pipeline is active, and I believe CreXus is well positioned to continue to execute on opportunities as they arise.”

The weighted average yield on interest earning debt assets was 11.27%, 4.72% and 11.11% at June 30, 2012, June 30, 2011 and March 31, 2012, respectively. The yield on the Company’s real estate portfolio, which includes real estate held for sale, as of the quarter ended June 30, 2012, and March 31, 2012 was 7.78% and 8.10%, respectively. The Company held no real estate properties at June 30, 2011.

The following table summarizes segmented investment portfolio information for the Company:

The following table summarizes characteristics for each asset class:

At June 30, 2012, June 30, 2011 and March 31, 2012, the Company’s commercial mortgage loan portfolio had no loans that were 30 days or more delinquent. At June 30, 2012, the Company has no Allowance for Loan Losses. At June 30, 2012 the Company had classified one loan as Watch List. The Company had no loans classified as Watch List at June 30, 2011 and March 31, 2012.

The accretion of discount on the Company’s loan and preferred equity portfolio, which is a component of interest income, for the quarters ended June 30, 2012, June 30, 2011 and March 31, 2012, was $2.6 million, $1.2 million and $11.1 million, respectively. The total net discount remaining at June 30, 2012 was $20.8 million.

The Company recorded net loss from discontinued operations of $46 thousand during the quarter ended June 30, 2012, which represents the net operating results of collateral acquired during the quarter ended March 31, 2012 via a deed in lieu of foreclosure which is recorded as real estate held for sale in the Consolidated Statements of Financial Condition. Net loss from discontinued operations for the quarter ended June 30, 2012 is recorded net of tax provision of $1.6 million. The Company recorded a pre-tax gain on sale of approximately $1.8 million on the sale of two properties from discontinued operations during the quarter ended June 30, 2012.

Annualized general and administrative expenses, including the management fee, as a percentage of average total equity was 2.00%, 1.80% and 2.67% for the quarters ended June 30, 2012 and 2011, and March 31, 2012, respectively. At June 30, 2012, the Company had a common stock book value per share of $11.96, as compared to $11.72 and $12.04 at June 30, 2011 and March 31, 2012, respectively.

CreXus acquires, manages and finances, directly or through its subsidiaries, commercial mortgage loans and other commercial real estate debt, commercial real property, commercial mortgage-backed securities and other commercial and residential real estate-related assets. The Company’s principal business objective is to generate net income for distribution to investors from the spread between the yields on its investments and the cost of borrowing to finance their acquisition and secondarily to provide capital appreciation. The Company, a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”), is externally managed by Fixed Income Discount Advisory Company, a wholly owned subsidiary of Annaly Capital Management, Inc.

The Company prepares a supplement to provide additional quarterly information for the benefit of its shareholders. The supplement can be found at the Company’s website in the Investor Relations section under “Quarterly Supplemental Information”.

The Company will hold the second quarter 2012 earnings conference call on Thursday, August 2, 2012, at 11:00 a.m. ET. The number to call is 1-866-524-3160 for domestic calls, 1-412-317-6760 for international calls and 1-866-605-3852 for Canadian calls. There is no pass code; please reference CreXus Investment Corp. second quarter earnings. The replay number is 1-877-344-7529 for domestic calls and 1-412-317-0088 for international calls and the conference number is 10016749. The replay will be available at 1:00 p.m. ET through August 6, 2012 at 9:00 a.m. ET. There will be a web cast of the call on www.crexusinvestment.com. If you would like to be added to the e-mail distribution list, please visit www.crexusinvestment.com, click on Investor Relations, then E-Mail Alerts, enter your e-mail address where indicated and click the Submit button.

This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements which are based on various assumptions (some of which are beyond our control) may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “would,” “will” or similar expressions, or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, our business and strategy; our projected financial and operating results; our ability to obtain and maintain financing arrangements and the terms of such arrangements; financing and advance rates for our targeted assets; our continuing or future relationships with third parties; our ability to realize our expectations of advantages of acquiring assets; general volatility of the markets in which we acquire assets; the implementation, timing and impact of, and changes to, various government programs; our expected assets; changes in the value of our assets; interest rate mismatches between our assets and our borrowings used to fund such purchases; changes in interest rates and mortgage prepayment rates; effects of interest rate caps on our adjustable-rate assets; rates of default or decreased recovery rates on our assets; prepayments of the mortgage and other loans underlying our mortgage-backed or other asset-backed securities; the degree to which our hedging strategies may or may not protect us from interest rate volatility; changes in governmental regulations, tax law and rates, accounting guidance, and similar matters; availability of opportunities in real estate-related and other securities; availability of qualified personnel; estimates relating to our ability to make distributions to our stockholders in the future; our understanding of our competition; market trends in our industry, interest rates, the debt securities markets or the general economy; our ability to integrate and manage newly acquired assets into our portfolio; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; and our ability to maintain our qualification as a REIT for federal income tax purposes. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in our most recent annual report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and specifically disclaim all obligations, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

CONTACT:
CreXus Investment Corp.
Investor Relations
1-877-291-3453
www.crexusinvestment.com