Monitor Annaly's ability to maintain its dividend coverage as interest rates and prepayment speeds evolve, particularly given the company's significant exposure to mortgage-backed securities and residential credit markets.
Price Chart
Executive Summary
Annaly Capital Management provided an investor presentation with Q1 2026 results, highlighting positive economic returns, growth in its Residential Credit and MSR portfolios, and a dividend that exceeds earnings available for distribution. The company maintained strong liquidity and achieved record securitization activity.
Key Facts
- Earnings available for distribution (EAD) of $0.76 per share exceeded the $0.70 dividend
- Residential Credit portfolio grew 30% quarter-over-quarter to $10.3 billion
- MSR portfolio increased 9% quarter-over-quarter to $4.2 billion
- Book value per share of $19.82
- Economic leverage of 5.7x, up from 5.6x in Q4 2025
Financial Impact
Earnings available for distribution of $0.76 per share exceeds the $0.70 dividend, indicating sustainable dividend coverage
Risk Factors
- Interest rate sensitivity could impact portfolio values
- Prepayment risk remains elevated despite higher interest rates
- Geopolitical uncertainty could affect fixed income technicals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001043219-26-000023 |
| Document: nly-20260421.htm | 0001043219-26-000023 |
| Document: 0001043219-26-000023-index-headers.html | 0001043219-26-000023 |
| Document: 0001043219-26-000023-index.html | 0001043219-26-000023 |
| Document: 0001043219-26-000023.txt | 0001043219-26-000023 |
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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