The call highlighted Annaly's strong economic returns and successful capital raises, with continued performance in Agency and Residential Credit portfolios. However, labor market weaknesses and higher interest rates posed challenges.

Company Guidance

During the Q3 2025 earnings call, Annaly Capital Management provided guidance reflecting a robust performance with an 8.1% economic return for the quarter and 11.5% year-to-date, marking eight consecutive quarters of positive economic returns. The company reported earnings available for distribution (EAD) of $0.73 per share, exceeding their quarterly dividend. Their agency portfolio increased by 10% to over $87 billion in market value, driven by a $7.8 billion growth in market value, partly due to lower interest rate volatility. Annaly raised $1.1 billion in equity, including $800 million through its ATM program, and reopened the mortgage REIT preferred market with a new issuance. The Residential Credit portfolio reached $6.9 billion in economic market value, with the Onslow Bay platform closing eight transactions for $3.9 billion. The MSR portfolio also grew to $3.5 billion, with a $215 million increase in market value. Annaly's diversified housing finance strategy, characterized by its conservative leverage and liquidity, positions it well for the remainder of the year amid declining macro volatility and expected Fed rate cuts.

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.

Annaly Capital (NLY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NLY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 11, 2026	2025 (Q4)	0.73 / -	0.72	―	―	―
Oct 22, 2025	2025 (Q3)	0.72 / 0.73	0.66	10.61% (+0.07)
Jul 23, 2025	2025 (Q2)	0.71 / 0.73	0.68	7.35% (+0.05)
Apr 30, 2025	2025 (Q1)	0.70 / 0.72	0.64	12.50% (+0.08)
Jan 29, 2025	2024 (Q4)	0.67 / 0.72	0.68	5.88% (+0.04)
Oct 23, 2024	2024 (Q3)	0.67 / 0.66	0.66	0.00% (0.00)
Jul 24, 2024	2024 (Q2)	0.65 / 0.68	0.72	-5.56% (-0.04)
Apr 24, 2024	2024 (Q1)	0.65 / 0.64	0.81	-20.99% (-0.17)
Feb 07, 2024	2023 (Q4)	0.65 / 0.68	0.89	-23.60% (-0.21)
Oct 25, 2023	2023 (Q3)	0.68 / 0.66	1.06	-37.74% (-0.40)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NLY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 22, 2025	$21.30	$20.89	-1.92%
Jul 23, 2025	$19.76	$19.87	+0.56%
Apr 30, 2025	$18.26	$18.09	-0.93%
Jan 29, 2025	$17.79	$18.42	+3.54%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Annaly Capital Management Inc (NLY) report earnings?

Annaly Capital Management Inc (NLY) is schdueled to report earning on Feb 11, 2026, After Close (Confirmed).

What is Annaly Capital Management Inc (NLY) earnings time?

Annaly Capital Management Inc (NLY) earnings time is at Feb 11, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is NLY EPS forecast?

NLY EPS forecast for the fiscal quarter 2025 (Q4) is 0.73.

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