Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 181

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 181
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 on Investments and Other

Net gains (losses) on disposal of investments and other was ($220.7) million for the nine months ended September 30, 2025, compared to ($1.1) billion for the same period in 2024. For the nine months ended September 30, 2025, we disposed of Residential Securities with a carrying value of $9.7 billion for an aggregate net gain (loss) of ($78.6) million. For the same period in 2024, we disposed of Residential Securities with a carrying value of $16.0 billion for an aggregate net gain (loss) of ($821.5) million. Realized gains (losses) on U.S. Treasury securities sold, not yet purchased was $17.8 million for the nine months ended September 30, 2025, compared to ($126.0) million for the same period in 2024.

Net unrealized gains (losses) on instruments measured at fair value through earnings was $1.7 billion for the nine months ended September 30, 2025, compared to $1.2 billion for the same period in 2024, primarily due to favorable changes on Agency MBS of $856.6 million, residential whole loans of $29.2 million, securitized debt of consolidated VIEs of $15.6 million, and securitized residential whole loans of consolidated VIEs of $9.2 million, partially offset by unfavorable changes in U.S. Treasury securities sold, not yet purchased of ($229.5) million, non-Agency MBS of ($102.2) million, MSR of ($63.0) million, CRT securities of ($34.6) million, and participations issued of ($16.2) million.

Net Gains (Losses) on Derivatives

Net gains (losses) on interest rate swaps for the nine months ended September 30, 2025 was ($944.4) million, compared to $265.4 million for the same period in 2024, attributable to unfavorable changes in unrealized gains (losses) on interest rate swaps and the change in the net interest component of interest rate swaps, partially offset by favorable changes in realized gains (losses) on termination of interest rate swaps. Unrealized gains (losses) on interest rate swaps was ($1.4) billion for the nine months ended September