Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 96

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 96
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 Company considers the applicability and impact of all Accounting Standard Updates (“ASUs”). The Company reviewed recently issued ASUs and determined that they were not expected to have a significant impact on the Company’s consolidated financial statements when adopted or did not have a significant impact on the Company’s consolidated financial statements upon adoption.

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

4. FINANCIAL INSTRUMENTSThe following table presents characteristics for certain of the Company’s financial instruments at September 30, 2025 and December 31, 2024.Financial Instruments (1)Balance Sheet Line ItemType / FormMeasurement BasisSeptember 30, 2025December 31, 2024Assets(dollars in thousands)SecuritiesAgency mortgage-backed securities (2)Fair value, with unrealized gains (losses) through other comprehensive income$7,248,273 $8,234,911 SecuritiesAgency mortgage-backed securities (3)Fair value, with unrealized gains (losses) through earnings76,069,546 59,199,157 SecuritiesResidential credit risk transfer securitiesFair value, with unrealized gains (losses) through earnings330,647 754,915 SecuritiesNon-agency mortgage-backed securitiesFair value, with unrealized gains (losses) through earnings1,414,259 1,493,186 SecuritiesCommercial real estate debt investments - CMBSFair value, with unrealized gains (losses) through earnings— 74,278 Total securities85,062,725 69,756,447 Loans, netResidential mortgage loansFair value, with unrealized gains (losses) through earnings4,008,299 3,546,902 Interests in MSRInterest in net servicing cash flowsFair value, with unrealized gains (losses) through earnings35,833 — Assets transferred or pledged to securitization vehiclesResidential mortgage loansFair value, with unrealized gains (losses) through earnings29,512,309 21,973,188 Reverse repurchase agreementsReverse repurchase agreementsAmortized cost35,004 — LiabilitiesRepurchase agreementsRepurchase agreementsAmortized cost$75,118,963 $65,688,923 Other secured financingLoansAmortized cost1,025,000 750,000 Debt issued by securitization vehiclesSecuritiesFair