Record Economic Return
Annaly Capital Management generated an economic return of 8.1% for Q3 2025 and 11.5% year-to-date, marking a positive economic return for 8 consecutive quarters.
Successful Capital Raise
Raised $1.1 billion of accretive equity in Q3, including $800 million through an ATM program, and reopened the mortgage REIT preferred market with the first preferred issuance since 2019.
Strong Agency and Residential Credit Performance
Agency portfolio grew by 10% quarter-over-quarter to over $87 billion in market value, with strong investment in Agency MBS. Residential Credit portfolio increased to $6.9 billion, with record securitization and loan purchases.
Dividend Coverage
Earnings available for distribution (EAD) per share were $0.73, exceeding the dividend per share for the quarter.