Company: NLY-PF
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001628280-25-036724
Chunk: 273

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 273
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June 30, 2024June 30, 2025June 30, 2024Interest income(dollars in thousands)Agency securities$875,937 $790,779 $1,696,119 $1,542,295 Residential credit securities36,853 50,895 77,060 106,891 Residential mortgage loans (1)467,959 301,820 894,014 553,836 Commercial investment portfolio (1)163 2,441 1,218 5,995 Reverse repurchase agreements37,981 31,390 67,590 62,796 Total interest income$1,418,893 $1,177,325 $2,736,001 $2,271,813 Interest expense  Repurchase agreements$775,918 $881,926 $1,536,701 $1,779,524 Debt issued by securitization vehicles312,383 200,812 595,975 361,829 Participations issued30,738 19,756 57,782 40,007 U.S. Treasury securities sold, not yet purchased26,654 21,273 52,372 43,346 Total interest expense1,145,693 1,123,767 2,242,830 2,224,706 Net interest income$273,200 $53,558 $493,171 $47,107 (1) Includes assets transferred or pledged to securitization vehicles.

15.  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 three and six months ended June 30, 2025 and 2024. For the Three Months EndedFor the Six Months Ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024 (dollars in thousands, except per share data)Net income (loss)$60,371 $(8,833)$190,676 $456,341 Net income (loss) attributable to noncontrolling interests3,272 650 9,353 2,932 Net income (loss) attributable to Annaly 57,099 (9,