Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 18

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 18
---
 120 1,158 Transaction expenses and non-recurring items (4)8,117 4,966 20,605 14,032 Income tax effect of non-EAD income (loss) items(6,742)(9,248)1,616 (2,150)TBA dollar roll income (5)9,019 (1,132)27,546 729 MSR amortization (6)(72,081)(62,480)(203,318)(169,201)EAD attributable to noncontrolling interests(4,175)(2,893)(10,770)(10,041)Premium amortization adjustment cost (benefit)18,390 21,365 26,824 11,046 Earnings available for distribution *519,882 382,509 1,471,645 1,117,610 Dividends on preferred stock (7)41,127 41,628 115,544 115,847 Earnings available for distribution attributable to common stockholders *$478,755 $340,881 $1,356,101 $1,001,763 GAAP net income (loss) per average common share (7)$1.21 $0.05 $1.45 $0.80 Earnings available for distribution per average common share * (7)$0.73 $0.66 $2.18 $1.98 Annualized GAAP return (loss) on average equity (8)23.69%2.77%10.16%6.16%Annualized EAD return on average equity *14.70%12.95%14.56%12.88 %*  Represents a non-GAAP financial measure. Refer to the disclosure within this section above for additional information on non-GAAP financial measures.(1) Includes write-downs or recoveries which are reported in Other, net in the Company's Consolidated Statements of Comprehensive Income (Loss).(2) The adjustment to add back Net (gains) losses on derivatives does not include the net interest component of interest rate swaps which is reflected in earnings available for distribution. The net interest component of interest rate swaps totaled $191.9 million and $317.5 million for the three months ended September 30, 2025 and 2024, respectively, and $569.1 million and $946.0 million for the nine