Monitor the next earnings call for management's explanation of the investment losses and whether they expect continued volatility in investment gains/losses. The stable EAD suggests core operations remain healthy, but the significant GAAP loss could pressure the stock.
Price Chart
Executive Summary
Annaly Capital Management released its Q1 2026 financial supplement, showing a significant decline in GAAP net income to $290.5 million from $1.018 billion in Q4 2025, driven by a $288 million loss on investments. However, core earnings (EAD) remained stable at $589.9 million, and the company maintained its $0.70 dividend. The book value per share decreased to $19.82 from $20.21.
Key Facts
- GAAP net income declined 71.5% to $290.5 million from $1.018 billion in Q4 2025
- Net loss on investments and other was $672 million, a $960 million swing from Q4's $289 million gain
- Earnings Available for Distribution (EAD) was stable at $589.9 million, up slightly from $553.2 million
- Book value per share decreased to $19.82 from $20.21
- Dividend maintained at $0.70 per share
Financial Impact
GAAP net income declined 71.5% to $290.5 million, driven by $960 million swing in investment gains/losses
Risk Factors
- Continued volatility in investment gains/losses could lead to further GAAP net income swings
- Declining book value per share may pressure the stock price
- Interest rate changes could impact future net interest income
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001043219-26-000022 |
| Document: nly-20260421.htm | 0001043219-26-000022 |
| Document: 0001043219-26-000022-index-headers.html | 0001043219-26-000022 |
| Document: 0001043219-26-000022-index.html | 0001043219-26-000022 |
| Document: 0001043219-26-000022.txt | 0001043219-26-000022 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Institutional Cluster | $18.43 | awaiting T+60 | — | $18.26 (−0.92%) |
Oct 20, 2026 6d ago | 8-K | $18.01 | awaiting T+60 | — | $18.26 (−1.39%) |
Oct 20, 2026 6d ago | 8-K | $18.01 | awaiting T+60 | — | $18.26 (−1.39%) |
Oct 20, 2026 6d ago | 8-K | $18.01 | awaiting T+60 | — | $18.26 (−1.39%) |
Oct 1, 2026 25d ago | 25-NSE | $18.70 | awaiting T+60 | — | $18.26 (−2.35%) |
Jun 11, 2026 19w ago | Institutional Cluster | $22.01 $22.81 | ▲ +3.63% | ▼ −0.76% | $18.26 (−17.04%) |
Apr 21, 2026 26w ago | 8-K | $26.01 $25.89 | ▼ −0.46% | ▼ −5.24% | $18.26 (−29.80%) |
Apr 21, 2026 26w ago | 8-K | $26.01 $25.89 | ▲ +0.46% | ▲ +5.24% | $18.26 (+29.80%) |
Apr 21, 2026 26w ago | 8-K | $26.01 $25.89 | ▲ +0.46% | ▲ +5.24% | $18.26 (+29.80%) |
US Market Status
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