ANNALY CAPITAL MANAGEMENT INC — Form 8-K
Filed October 20, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Annaly's Q3 2026 results showed book value per share declined to $17.86 from $20.15 in Q2, driven by a $1.36 GAAP loss per share (vs. $1.06 gain in Q2), primarily from $4.7B in net losses on investments and derivatives amid rising rates and MBS spread widening. Economic leverage increased to 5.9x from 5.6x. The company raised $757M in equity via ATM sales and announced redemption of all $442.5M Series I preferred stock (redeemed October 1, 2026). EAD of $0.80/share covered the $0.75 dividend. Total portfolio remained $106.5B; Agency MBS (86% of assets) portfolio decreased 3% to $91.8B, while Residential Credit stayed flat at $10.4B and MSR grew 6% to $4.3B.
Why this rating
Book value decline and rising leverage are concerning for a $12.1B market-cap REIT, but offset by solid EAD coverage and diversified business performance. Preferred redemption is neutral. Moderate event relative to company scale.
See more from October 20, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.