| Schedule of Net Income (Loss) Per Share Reconciliation |
The following table presents a reconciliation of net income (loss) and shares used in calculating basic and diluted net income (loss) per share for the three and six months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | | | (dollars in thousands, except per share data) | | Net income (loss) | $ | 827,773 | | | $ | 60,371 | | | $ | 1,118,288 | | | $ | 190,676 | | | Net income (loss) attributable to noncontrolling interests | 5,100 | | | 3,272 | | | 12,963 | | | 9,353 | | | Net income (loss) attributable to Annaly | 822,673 | | | 57,099 | | | 1,105,325 | | | 181,323 | | Dividends on preferred stock (1) | 41,036 | | | 37,260 | | | 81,688 | | | 74,417 | | | Net income (loss) available (related) to common stockholders | $ | 781,637 | | | $ | 19,839 | | | $ | 1,023,637 | | | $ | 106,906 | | | | | | | | | | | | | | | | | | | Weighted average shares of common stock outstanding-basic | 738,926,270 | | | 620,208,712 | | | 730,798,630 | | | 603,770,531 | | | Add: Effect of stock awards, if dilutive | 1,329,977 | | | 894,506 | | | 1,519,091 | | | 1,111,764 | | | Weighted average shares of common stock outstanding-diluted | 740,256,247 | | | 621,103,218 | | | 732,317,721 | | | 604,882,295 | | | Net income (loss) per share available (related) to common share | | | | | | | | | Basic | $ | 1.06 | | | $ | 0.03 | | | $ | 1.40 | | | $ | 0.18 | | | Diluted | $ | 1.06 | | | $ | 0.03 | | | $ | 1.40 | | | $ | 0.18 | | |
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