Annaly Capital Management reported second quarter 2026 results, posting Earnings Available for Distribution (EAD) of $0.79 per share and a book value per share of $20.15. The reported net interest income was $488.2 million, missing consensus estimates.
Key Highlights
- Earnings Available for Distribution of $0.79 per share exceeded the recently increased quarterly dividend of $0.75 per share for the ninth consecutive quarter.
- Book value per common share increased to $20.15, up from $19.82 in the prior quarter and $18.45 in the prior year.
- The company generated a positive economic return of 5.5% for the quarter, while the net interest spread expanded to 1.16% from 1.07% sequentially.
- Economic leverage declined slightly to 5.6x from 5.7x in the prior quarter, while maintaining a high hedge ratio of 97%.