Annaly Capital Management. Inc. (NLY)

The company now

Annaly reported a GAAP loss of $1.36 per average common share for the third quarter of 2026, and book value per common share was $17.86 at September's end, against $20.15 in June 1. Earnings available for distribution, a non-GAAP measure the company reports beside the GAAP result, were $0.80 per average common share 1.

The quarterly report says the 10-year Treasury yield rose 82 basis points during the quarter to multi-decade highs as the Federal Reserve delivered its first rate hike since 2023 2. The net loss attributable to Annaly was about $1.0 billion for the quarter 2.

Chief Executive Officer David Finkelstein said the company entered the quarter with "cycle-low leverage and minimal duration exposure" 1. Economic leverage, which adds forward purchase contracts to borrowings, rose to 5.9 times from 5.6 times, and GAAP leverage to 8.0 times from 7.4 times 1. The company declared a quarterly common dividend of $0.75 per share 1.

On October 1, 2026 the company redeemed all 17,700,000 shares of its 6.750% Series I preferred stock 4. The next test is the fourth quarter, with the quarterly report saying markets were pricing in another 80 basis points of Fed hikes over the next year 2.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.