Company: NLY-PF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023811
Chunk: 124

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 124
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 financings in Total Assets. These allocations are made to reflect the economic hedging relationship between investments within different operating segments. Activities that are not directly attributable or not allocated to any of the three current operating segments (such as investments in commercial mortgage-backed securities, preferred stock dividends and corporate existence costs) are reported under Corporate and Other as reconciling items to the Company’s consolidated financial statements. The tables below summarize the result of operations and total assets by segment that are provided to the Chief Operating Decision Maker (CODM), which is the Company’s Operating Committee.  Comprehensive income is the measure of segment profit or loss that is determined in accordance with the measurement principles used in measuring the corresponding amounts in the consolidated financial statements and is a key determinant of the Company’s economic return (computed as the change in stockholders’ equity attributable to common stockholders plus common stock dividends declared divided by the prior period’s stockholders’ equity attributable to common stockholders), a measure which is used by the CODM to evaluate segment results and is one of the factors considered in determining capital allocation among the segments.

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 1.  Financial Statements

The following tables present the reportable operating segments related to the Company’s results of operations for the three months ended March 31, 2025 and 2024:Three Months Ended March 31, 2025 AgencyResi-creditMSRCorporate & OtherConsolidated(dollars in thousands)Interest income$849,200 $466,853 $— $1,055 $1,317,108 Interest expense718,253 378,174 — 710 1,097,137 Net interest income130,947 88,679 — 345 219,971 Servicing and related income— — 140,435 — 140,435 Servicing and related expense— — 14,113 — 14,113 Net servicing income— — 126,322 — 126,322 Other income (loss)(166,925)12,090 (2,961)(1,861)(159,657)Less: Total general and administrative expenses17,316 15,506 9,393 5,849 48,064 Income (loss) before income taxes(53,294)85,263 113,968 (7,365)138,572 Income taxes290