The significant decline in GAAP net income, despite stable EAD, suggests increased hedging or interest rate volatility losses; monitor the next earnings call for guidance on future profitability and book value stability.
Price Chart
Executive Summary
Annaly Capital Management reported Q1 2026 GAAP net income of $0.33 per share, down from $1.40 in the prior quarter, while earnings available for distribution (EAD) rose to $0.76 per share. Book value declined to $19.82, and the company maintained its $0.70 dividend.
Key Financial Metrics
Key Facts
- GAAP net income per share was $0.33 for Q1 2026, down from $1.40 in Q4 2025
- Earnings available for distribution (EAD) was $0.76 per share, up from $0.74
- Book value per share declined to $19.82 from $20.21
- Dividend maintained at $0.70 per share
Financial Impact
GAAP net income decreased by $1.07 per share
Risk Factors
- Declining book value pressures shareholder returns
- Potential for future dividend cuts if earnings pressure persists
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001043219-26-000021 |
| Document: nly-20260421.htm | 0001043219-26-000021 |
| Document: 0001043219-26-000021-index-headers.html | 0001043219-26-000021 |
| Document: 0001043219-26-000021-index.html | 0001043219-26-000021 |
| Document: 0001043219-26-000021.txt | 0001043219-26-000021 |
| 8-K Data (Synthetic) | 0001043219-26-000021 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Institutional Cluster | $18.43 | awaiting T+60 | — | $18.17 (−1.38%) |
Oct 20, 2026 6d ago | 8-K | $18.01 | awaiting T+60 | — | $18.17 (−0.92%) |
Oct 20, 2026 6d ago | 8-K | $18.01 | awaiting T+60 | — | $18.17 (−0.92%) |
Oct 20, 2026 6d ago | 8-K | $18.01 | awaiting T+60 | — | $18.17 (−0.92%) |
Oct 1, 2026 26d ago | 25-NSE | $18.70 | awaiting T+60 | — | $18.17 (−2.81%) |
Jun 11, 2026 19w ago | Institutional Cluster | $22.01 $22.81 | ▲ +3.63% | ▼ −0.76% | $18.17 (−17.42%) |
Apr 21, 2026 26w ago | 8-K | $26.01 $25.89 | ▼ −0.46% | ▼ −5.24% | $18.17 (−30.12%) |
Apr 21, 2026 26w ago | 8-K | $26.01 $25.89 | ▲ +0.46% | ▲ +5.24% | $18.17 (+30.12%) |
Apr 21, 2026 26w ago | 8-K | $26.01 $25.89 | ▲ +0.46% | ▲ +5.24% | $18.17 (+30.12%) |
US Market Status
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