Annaly Capital Management (NLY) furnished its Q3 2026 investor presentation, reporting earnings available for distribution that covered its common stock dividend amidst a challenging interest rate environment. The company experienced a notable decrease in book value per share and a negative economic return for the quarter, while actively managing its portfolio and capital structure.
Key Details
- Financial Performance: Reported Q3 Earnings Available for Distribution (EAD) of $0.80 per share, exceeding the declared quarterly dividend of $0.75 per share.
- Book Value & Returns: Book value per common share declined to $17.86 as of September 30, 2026, from $20.15 in the prior quarter. The company posted a negative economic return of (7.6%) for the quarter.
- Portfolio & Leverage: Maintained a total portfolio of $106.5 billion with economic leverage increasing slightly to 5.9x. The Mortgage Servicing Rights (MSR) portfolio grew to $4.3 billion.
- Capital Actions: Raised $757 million in common equity through its at-the-market (ATM) program and announced the redemption of all $442.5 million of its outstanding Series I preferred stock.