Company: NLY-PF
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023811
Chunk: 138

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 138
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$11,420,602 GAAP leverage at period-end (1)6.8:16.7:1GAAP capital ratio at period-end (2)12.4 %12.6 %Annualized return (loss) on average total assets0.50 %2.01 %Annualized return (loss) on average equity (3)4.04 %16.29 %Net interest margin (4)0.87 %(0.03 %)Average yield on interest earning assets (5)5.18 %4.88 %Average GAAP cost of interest bearing liabilities (6)4.77 %5.40 %Net interest spread0.41 %(0.52 %)Weighted average experienced CPR for the period7.1 %6.0 %Weighted average projected long-term CPR at period-end9.5 %8.9 %Common stock book value per share$19.02 $19.73 Non-GAAP metrics *Interest income (excluding PAA)$1,329,404 $1,091,475 Economic interest expense (6)$892,748 $770,790 Economic net interest income (excluding PAA)$436,656 $320,685 Premium amortization adjustment cost (benefit)$12,296 $(3,013)Earnings available for distribution (7)$461,857 $357,962 Earnings available for distribution per average common share$0.72 $0.64 Annualized EAD return on average equity (excluding PAA)14.43 %12.63 %Economic leverage at period-end (1)5.7:15.6:1Economic capital ratio at period-end (2)14.6 %14.6 %Net interest margin (excluding PAA) (4)1.69 %1.43 %Average yield on interest earning assets (excluding PAA) (5)5.23 %4.87 %Average economic cost of interest bearing liabilities (6)3.88 %3.78 %Net interest spread (excluding PAA)1.35 %1.09 %

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 2. Management’s Discussion and Analysis 

*   Represents a non-GAAP financial measure. Refer to the “Non-GAAP Financial Measures