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NET INCOME (LOSS) PER COMMON SHARE
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE
16.  NET INCOME (LOSS) PER COMMON SHARE
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 nine months ended September 30, 2023 and 2022.
 For the Three Months Ended
For the Nine Months Ended
 September 30, 2023September 30, 2022September 30, 2023September 30, 2022
 (dollars in thousands, except per share data)
Net income (loss)$(569,084)$(273,977)$(1,247,225)$2,613,234 
Net income (loss) attributable to noncontrolling interests(6,879)1,287 (7,797)(453)
Net income (loss) attributable to Annaly (562,205)(275,264)(1,239,428)2,613,687 
Dividends on preferred stock36,854 26,883 104,495 80,649 
Net income (loss) available (related) to common stockholders$(599,059)$(302,147)$(1,343,923)$2,533,038 
Weighted average shares of common stock outstanding-basic494,330,361 429,858,876 492,744,997 392,172,655 
Add: Effect of stock awards, if dilutive —  272,379 
Weighted average shares of common  stock outstanding-diluted494,330,361 429,858,876 492,744,997 392,445,034 
Net income (loss) per share available (related) to common share
Basic$(1.21)$(0.70)$(2.73)$6.46 
Diluted$(1.21)$(0.70)$(2.73)$6.45 
The computations of diluted net income (loss) per share available (related) to common share for the three and nine months ended September 30, 2023 excludes 1.9 million and 1.8 million, respectively, and for the three and nine months ended September 30, 2022 excludes 1.4 million and 0.7 million, respectively, of potentially dilutive restricted and performance stock units because their effect would have been anti-dilutive.