Quarterly ResultOct 20, 2026, 04:23 PM
Annaly Capital Management Reports Q3 Loss; EAD $0.80/Share, Dividend $0.75/Share
AI Summary
Annaly Capital Management, Inc. reported its third quarter 2026 financial results, announcing a GAAP net loss of $1.36 per share, a decrease from the prior year. However, Earnings Available for Distribution (EAD) were $0.80 per share, exceeding the common stock dividend of $0.75 per share. The company's book value per common share declined to $17.86, and GAAP leverage increased. Annaly also announced the redemption of its Series I Preferred Stock and raised capital through its at-the-market program.
Key Highlights
- GAAP net loss of $1.36 per share, compared to $1.21 per share in Q3 2025.
- Earnings Available for Distribution (EAD) of $0.80 per share, up from $0.73 in Q3 2025.
- Book value per common share decreased to $17.86 from $20.15 in the prior quarter.
- Declared a quarterly common stock cash dividend of $0.75 per share.
- Total portfolio of $106.5 billion, with $91.8 billion in Agency portfolio.
- GAAP leverage increased to 8.0x from 7.4x in the prior quarter.
- Announced redemption of $442.5 million Series I Preferred Stock.
- Raised $757 million in capital through at-the-market sales program.
Price Impact
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