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NET INCOME (LOSS) PER COMMON SHARE | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
NET INCOME (LOSS) PER COMMON SHARE |
15. 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, 2024 and 2023.
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2024 |  | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023
| (dollars in thousands, except per share data)
Net income (loss) | $ | 82,351 |  |  | $ | (569,084) |  |  | $ | 538,692 |  |  | $ | (1,247,225) |
Net income (loss) attributable to noncontrolling interests | 15,906 |  |  | (6,879) |  |  | 18,838 |  |  | (7,797) |
Net income (loss) attributable to Annaly | 66,445 |  |  | (562,205) |  |  | 519,854 |  |  | (1,239,428) |
Dividends on preferred stock | 41,628 |  |  | 36,854 |  |  | 115,847 |  |  | 104,495 |
Net income (loss) available (related) to common stockholders | $ | 24,817 |  |  | $ | (599,059) |  |  | $ | 404,007 |  |  | $ | (1,343,923) |
Weighted average shares of common stock outstanding-basic | 515,729,658 |  |  | 494,330,361 |  |  | 505,800,723 |  |  | 492,744,997 |
Add: Effect of stock awards, if dilutive | 1,102,494 |  |  | — |  |  | 817,420 |  |  | — |
Weighted average shares of common stock outstanding-diluted | 516,832,152 |  |  | 494,330,361 |  |  | 506,618,143 |  |  | 492,744,997 |
Net income (loss) per share available (related) to common share |  |  |  |  |  |  |
Basic | $ | 0.05 |  |  | $ | (1.21) |  |  | $ | 0.80 |  |  | $ | (2.73) |
Diluted | $ | 0.05 |  |  | $ | (1.21) |  |  | $ | 0.80 |  |  | $ | (2.73) |
The computations of diluted net income (loss) per share available (related) to common share for the three and nine months ended September 30, 2024 excludes 0 and 2 thousand, respectively, and for the three and nine months ended September 30, 2023 excludes 1.9 million and 1.8 million, respectively, of potentially dilutive restricted and performance stock units because their effect would have been anti-dilutive.

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