Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 11

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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,668,799 $94,973,839 Average equity$14,235,471 $11,901,427 $13,563,101 $11,661,014 GAAP leverage at period-end (2)7.1:16.9:17.1:16.9:1GAAP capital ratio at period-end (3)11.9%12.4%11.9%12.4%Annualized return (loss) on average total assets2.83%0.34%1.23%0.76%Annualized return (loss) on average equity (4)23.69%2.77%10.16%6.16%Net interest margin (5)0.97%0.06%0.96%0.09%Average yield on interest earning assets (6)5.40%5.16%5.34%5.07%Average GAAP cost of interest bearing liabilities (7)4.73%5.42%4.75%5.42%Net interest spread0.67%(0.26%)0.59%(0.35%)Weighted average experienced CPR for the period8.6%7.6%8.1%7.0%Weighted average projected long-term CPR at period-end10.4%11.9%10.4%11.9%Common stock book value per share$19.25 $19.54 $19.25 $19.54 Non-GAAP metrics *Interest income (excluding PAA)$1,550,887 $1,250,706 $4,295,322 $3,512,200 Economic interest expense (7)$1,051,717 $882,244 $2,892,293 $2,459,504 Economic net interest income (excluding PAA)$499,170 $368,462 $1,403,029 $1,052,696 Premium amortization adjustment cost (benefit)$18,390 $21,365 $26,824 $11,046 Earnings available for distribution (8)$519,882 $382,509 $1,471,645 $1,117,610 Earnings available for distribution per average common share (1)$0.73 $0.66 $2.18 $1.98 Annual