Annaly Capital Management, Inc. filed an 8-K on October 20, 2026, disclosing financial results for the third quarter of 2026. The company reported earnings available for distribution of $0.80 per average common share for the quarter. This figure was generated despite a challenging interest rate environment, as the company’s economic return for the period was a loss of 7.6%.
The company reported a book value per common share of $17.86 as of September 30, 2026. During the quarter, Annaly declared a quarterly cash dividend of $0.75 per share. The filing notes that earnings exceeded the dividend payout.
In terms of portfolio performance, Annaly maintained a total portfolio of $106.5 billion as of September 30, 2026. This portfolio is divided into three main strategies: Agency MBS, Residential Credit, and Mortgage Servicing Rights (MSR). The Agency MBS strategy held $91.8 billion in assets, representing 86% of total assets and 55% of dedicated capital. The Residential Credit portfolio was valued at $10.4 billion, or 23% of dedicated capital, while the MSR portfolio increased to $4.3 billion in market value, representing 22% of dedicated capital.
Regarding financing and liquidity, the company reported total assets available for financing of $8.5 billion, which includes $4.2 billion in cash and unencumbered Agency MBS. Annaly’s economic leverage increased to 5.9x from 5.6x at the end of the second quarter. The average economic cost of interest-bearing liabilities was 4.03%, up 7 basis points from the previous quarter.
The company also reported activity across its credit businesses. Annaly Residential Credit Group priced 37 residential whole loan securitizations totaling $21.2 billion in proceeds in 2026 year-to-date. The correspondent channel produced $7.0 billion in lock volume and $5.8 billion in fundings in Q3, up 13% and 45%, respectively, year-over-year.
