Recent Updates — NLY-PJ
Annaly Capital Management raised $757 million through its at-the-market sales program during the third quarter of 2026. The company also announced the redemption of all outstanding shares of its $442.5 million Series I fixed-to-floating rate cumulative redeemable preferred stock, which was redeemed on October 1, 2026. For the quarter ended September 30, 2026, Annaly reported earnings available for distribution of $0.80 per average common share and a book value per common share of $17.86. The company operates as an internally-managed real estate investment trust that invests in mortgage-backed securities, residential credit, and mortgage servicing rights.
Annaly Capital Management reported a GAAP net loss attributable to common stockholders of $1.04 billion, or $1.36 per share, for the quarter ended September 30, 2026, compared to a net income of $781.6 million in the prior quarter. Earnings available for distribution (EAD) increased to $607.8 million, or $0.80 per average common share, up from $586.6 million in Q2 2026. The company declared a quarterly dividend of $0.75 per common share. Book value per common share declined to $17.86 from $20.15 at the end of June 2026, driven by unrealized losses on investments and derivatives that were excluded from EAD calculations. Annaly Capital Management is an internally-managed real estate investment trust that invests primarily in mortgage-related assets.
Annaly Capital Management reported a GAAP net loss of $1.36 per average common share for the quarter ended September 30, 2026, driven by unrealized investment losses. Earnings available for distribution (EAD) were $0.80 per share, exceeding the declared quarterly cash dividend of $0.75 per share. Book value per common share declined to $17.86 from $20.15 in the prior quarter. The company raised $757 million through its at-the-market sales program and redeemed all outstanding shares of its Series I preferred stock. Annaly Capital Management operates as a mortgage real estate investment trust (REIT) focused on investing in agency residential mortgage-backed securities, residential credit, and mortgage servicing rights.
On October 1, 2026, Annaly Capital Management redeemed all 17,700,000 shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. Subsequently, on October 2, 2026, the company filed Articles Supplementary with Maryland to reclassify and redesignate these redeemed preferred shares as common stock, par value $0.01 per share. As of October 2, 2026, no Series I Preferred Stock remained authorized or outstanding. Annaly Capital Management operates in the real estate investment trust (REIT) industry, specializing in the acquisition and management of mortgage-related assets.
On August 19, 2026, Annaly Capital Management announced the redemption of all 17,700,000 outstanding shares of its 6.750% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock at a price of $25.00 per share. The total redemption value is approximately $442.5 million. Payment will occur on October 1, 2026, with dividends ceasing to accumulate on that date. Accrued dividends through September 30, 2026, have been declared and paid, so no additional accrued amounts are owed at redemption. Annaly Capital Management operates in the mortgage finance industry as a diversified capital manager and real estate investment trust.