Annaly Q3 2026 GAAP loss of $1.36/share; EAD $0.80, book value falls to $17.86 from $20.15

ANNALY CAPITAL MANAGEMENT INC

• GAAP net loss of $(1.36) per average common share versus $1.06 income in Q2 2026; annualized GAAP ROE of -24.35% and economic return of -7.6%.
• Earnings available for distribution of $0.80 per share exceeded the $0.75 common dividend; annualized EAD ROE 15.86%, net interest margin 1.54% (1.69% excluding PAA).
• Book value per common share fell to $17.86 from $20.15 at June 30 and $19.25 a year earlier; GAAP leverage rose to 8.0x from 7.4x, economic leverage to 5.9x from 5.6x.
• Total portfolio $106.5B: Agency $91.8B (55% of dedicated capital), residential credit $10.4B (23%), MSR $4.3B (22%); hedge ratio ended at 100%.
• Record $7.4B across 12 residential credit securitizations and record $5.8B whole-loan fundings; raised $757M via ATM; redeemed $442.5M Series I preferred on Oct. 1, 2026.