Company: NLY-PF
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001628280-25-005451
Chunk: 170

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-02-13
Form: 10-K
Item: Item 16
Chunk 170
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)Agency securities (1)$3,205,862 $2,740,320 $2,144,696 Residential credit securities203,758 225,266 140,220 Residential mortgage loans (1)1,282,941 703,838 410,229 Commercial investment portfolio (1) (2)9,857 28,385 81,855 Reverse repurchase agreements137,616 33,772 1,887 Total interest income$4,840,034 $3,731,581 $2,778,887 Interest expense   Repurchase agreements$3,579,837 $3,337,527 $1,026,201 Debt issued by securitization vehicles856,418 443,584 225,216 Participations issued67,748 50,357 39,366 U.S. Treasury securities sold, not yet purchased88,235 11,497 — Other— — 18,952 Total interest expense4,592,238 3,842,965 1,309,735 Net interest income$247,796 $(111,384)$1,469,152 (1) Includes assets transferred or pledged to securitization vehicles.(2) Includes corporate debt.

F-32

ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESFinancial Statements

17.  NET INCOME (LOSS) PER COMMON SHAREThe following table presents a reconciliation of net income (loss) and shares used in calculating basic and diluted net income (loss) per share for the years ended December 31, 2024, 2023 and 2022. For the Years Ended December 31, 2024December 31, 2023December 31, 2022 (dollars in thousands, except per share data)Net income (loss)$1,011,768 $(1,638,457)$1,726,420 Net income (loss) attributable to noncontrolling interests9,862 4,714 1,095 Net income (loss) attributable to Annaly 1,001,906 (1,643,171)1,725,325 Dividends on preferred stock154,551 141,676 110,623 Net income (loss) available (related) to common stockholders$847,355 $(