ANNALY CAPITAL MANAGEMENT INC (NLY): Results of Operations and Financial Condition
ANNALY CAPITAL MANAGEMENT INC (NLY) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 a2026q2nlyex991.htm EX-99.1 Document ANNALY CAPITAL MANAGEMENT, INC. REPORTS 2nd QUARTER 2026 RESULTS NEW YORK—July 21, 2026—Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended June 30, 2026
How this was made
The 30-second read
Why it matters
The filing updates NLY’s quarterly earnings power (GAAP net income, EAD), capital/leverage metrics, and declares a higher common dividend, which can affect valuation for income-focused investors.
Market read
Traders can reassess NLY’s near-term income profile and rates sensitivity using the newly reported Q2 metrics and dividend change.
What to watch
The excerpt emphasizes leverage and hedging but does not quantify duration/hedge effectiveness or provide explicit forward guidance, so traders should stress-test scenarios around TBA spreads and funding costs.
Background
This is an SEC Form 8-K (Item 2.02) with Annaly’s Q2 2026 results and financial condition disclosures.
Ticker impact
Annaly reported Q2 2026 GAAP net income of $1.06/share, EAD of $0.79/share, and increased the quarterly common dividend to $0.75.
Near-term bias modestly positive, with follow-through dependent on whether NLY’s leverage and net interest margin trends hold.
The filing includes multiple current-quarter datapoints (earnings, EAD, leverage, NIM) plus a concrete dividend change, which can re-rate near-term income expectations. However, the excerpt does not include forward guidance or management commentary beyond general outlook, limiting conviction.
Market effects
Agency MBS REITs may see read-across from NLY’s hedge ratio (97%) and net interest margin changes, informing sector income expectations.
Limited direct regional impact; primarily US housing finance and rates-sensitive credit.
Low global relevance; effects are mainly US rates and mortgage credit market sentiment.
Counterpoint
Dividend increase may be less durable if leverage rose (GAAP leverage 7.4x) while economic leverage edged down, implying earnings could be sensitive to rate/hedge dynamics.
Key entities
- issuerAnnaly Capital Management, Inc.
Reports Q2 2026 results, leverage/hedging metrics, and increases quarterly common dividend to $0.75 per share.
- executiveDavid Finkelstein
CEO and Co-Chief Investment Officer quoted on economic return and dividend decision.
