ANNALY CAPITAL MANAGEMENT INC (NLY) Form 8-K — Oct 20, 2026
Annaly Capital Management reported a third quarter 2026 GAAP net loss of $(1.36) per average common share, with an economic return of (7.6%) as book value fell from $20.15 to $17.86 amid challenging fixed income markets. Earnings available for distribution of $0.80 per share again exceeded the $0.75 quarterly dividend, and net interest margin widened to 1.54% from 1.47% in the prior quarter. Leverage moved up with GAAP leverage at 8.0x (from 7.4x) and economic leverage at 5.9x (from 5.6x), while the hedge ratio was raised to 100%.
Key figures
- Net Income
- -1000698000
- Total Assets
- 146147474000
- Cash Position
- 2180894000
- Shares Outstanding
- 784673349
- Hedge ratio
- 100%
- Ead per share
- 0.8
- Gaap leverage
- 8.0x (up from 7.4x)
- Msr portfolio
- $4.3 billion
- Total portfolio
- $106.5 billion
- Agency portfolio
- $91.8 billion
- Dividend declared
- 0.75
- Economic leverage
- 5.9x (up from 5.6x)
- Atm capital raised
- $757 million
- Economic return qtr
- -7.6%
- Net interest margin
- 1.54%
- Book value per share
- 17.86
- Record loan fundings
- $5.8 billion
- Record securitizations
- $7.4 billion across twelve securitizations
- Residential credit portfolio
- $10.4 billion
- Series i preferred redemption
- $442.5 million
- Annualized gaap return on equity
- -24.35%
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