Company: NLY-PF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036724
Chunk: 35

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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 in securitized residential whole loans of consolidated VIEs of $5.0 billion, securities of $3.7 billion, mortgage servicing rights of $372.1 million, cash and cash equivalents of $570.8 million, and residential mortgage loans of $175.4 million, partially offset by decreases in receivables for unsettled trades of $1.1 billion and principal and interest receivable of $238.5 million. Our portfolio composition, net equity allocation and debt-to-net equity ratio by asset class were as follows at June 30, 2025.

 Agency MBSResidential Credit (1)MSRTotal Assets(dollars in thousands)Fair value$71,756,638 $32,488,050 $3,281,190 $107,525,878 Implied market value of derivatives (2)7,783,931 — — 7,783,931 DebtRepurchase agreements62,124,475 4,416,903 — 66,541,378 Implied cost basis of derivatives (2)7,686,600 — — 7,686,600 Other secured financing— — 1,025,000 1,025,000 Debt issued by securitization vehicles— 24,107,249 — 24,107,249 Participations issued— 1,556,900 — 1,556,900 U.S. Treasury securities sold, not yet purchased2,505,281 40,408 (17,522)2,528,167 Net forward purchases374,328 — 29,302 403,630 OtherNet other assets / liabilities1,503,616 192,624 317,238 2,013,478 Net equity allocated$8,353,501 $2,559,214 $2,561,648 $13,474,363 Net equity allocated (%)62%19%19%100%Debt/net equity ratio (3)7.7:111.8:10.4:17.1:1(1) Fair value includes residential loans held for sale, commercial assets and liabilities and assets and liabilities associated with non-controlling interests.(2) Derivatives include TBA contracts under Agency MBS.(3) Represents the debt/net equity ratio as determined using amounts in the