NET INCOME (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Net Income (Loss) Per Share Reconciliation

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 months ended March 31, 2024 and 2023.


	For the Three Months Ended
	March 31, 2024		March 31, 2023
	(dollars in thousands, except per share data)
Net income (loss)	$	465,174	$	(839,328)
Net income (loss) attributable to noncontrolling interests	2,282		4,928
Net income (loss) attributable to Annaly	462,892		(844,256)
Dividends on preferred stock	37,061		31,875
Net income (loss) available (related) to common stockholders	$	425,831	$	(876,131)


Weighted average shares of common stock outstanding-basic	500,612,840		489,688,364
Add: Effect of stock awards, if dilutive	569,203		—
Weighted average shares of common stock outstanding-diluted	501,182,043		489,688,364
Net income (loss) per share available (related) to common share
Basic	$	0.85	$	(1.79)
Diluted	$	0.85	$	(1.79)

The computations of diluted net income (loss) per share available (related) to common share for the three months ended March 31, 2024 and 2023 excludes 1.5 million and 1.7 million, respectively, of potentially dilutive restricted and performance stock units because their effect would have been anti-dilutive.