ANNALY CAPITAL MANAGEMENT INC reported results for the second quarter of 2026 with revenue up year-over-year and sharply higher earnings. Interest income rose to $1.812B and consolidated net income totaled $827.8M, driving diluted EPS of $1.06 versus $0.03 in the year-ago quarter.
Financial Highlights
- Revenue was $1.812B, compared with $1.419B in the prior-year quarter; YoY change 27.7%.
- Net income was $827.8M, compared with $60.4M in the prior-year quarter; YoY change 1,270%.
- Diluted EPS was $1.06, compared with $0.03 in the prior-year quarter.
Business Highlights
- Portfolio performance: Generated portfolio economic return of 5.5% in Q2 2026; economic after‑dividend (EAD) exceeded the dividend for the ninth consecutive quarter.
- Agency MBS strategy: Rotated roughly $4B up‑in‑coupon toward 5.5%–6.0% and increased Agency allocation to $95B, favoring production coupons and CMBS exposure.
- Residential credit & securitizations: Residential credit portfolio grew to $10.4B with record loan purchases of $7.1B and 13 securitizations totaling $6.8B UPB; company committed $613M of proprietary investment.
- MSR activity & flow: MSR portfolio approximately $4.1B; committed about $200M in bulk purchases and sold ~$220M in bulks; record $31M of flow buys in the quarter to offset paydowns.
- Capital and distribution: Raised about $447M of common equity via ATM, increased the common dividend to $0.75 and maintained capital allocation across strategies.
Original SEC Filing:
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