Annaly Capital Management Releases Q3 2026 Investor Presentation

Overview

On October 20, 2026, Annaly Capital Management, Inc. (NYSE: NLY) filed a Form 8-K under Item 7.01 (Regulation FD Disclosure) furnishing its Third Quarter 2026 Investor Presentation (Exhibit 99.1).

Key Financial & Operational Highlights (Q3 2026)

• Earnings Available for Distribution (EAD): $0.80 per average common share, exceeding the declared quarterly common dividend of $0.75 per share.
• GAAP Performance: GAAP net loss of $(1.36) per average common share, primarily driven by net losses on investments and unrealized mark-to-market adjustments.
• Book Value: Book value per share stood at $17.86 as of September 30, 2026, down 11.4% from $20.15 at June 30, 2026.
• Economic Return: (7.6%) for the quarter, reflecting interest rate volatility and Agency MBS spread widening in late September.
• Leverage & Liquidity:
  • Economic leverage increased to 5.9x from 5.6x at the end of Q2 2026.
  • Maintained $8.5 billion of total assets available for financing, including $4.2 billion in cash and unencumbered Agency MBS.
• Portfolio Composition:
  • Total investment portfolio reached $106.5 billion (economic exposure).
  • Agency: $91.8 billion (86% of total portfolio assets, 55% of dedicated capital).
  • Residential Credit: $10.4 billion (23% of dedicated capital).
  • Mortgage Servicing Rights (MSR): $4.3 billion (22% of dedicated capital).
• Capital Actions: Raised $757 million of common equity via the at-the-market (ATM) sales program during Q3 and announced the subsequent redemption of all $442.5 million of outstanding Series I preferred stock on October 1, 2026.