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NET INCOME (LOSS) PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2025
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 six months ended June 30, 2025 and 2024.
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2025 |  | June 30, 2024 |  | June 30, 2025 |  | June 30, 2024
| (dollars in thousands, except per share data)
Net income (loss) | $ | 60,371 |  |  | $ | (8,833) |  |  | $ | 190,676 |  |  | $ | 456,341 |
Net income (loss) attributable to noncontrolling interests | 3,272 |  |  | 650 |  |  | 9,353 |  |  | 2,932 |
Net income (loss) attributable to Annaly | 57,099 |  |  | (9,483) |  |  | 181,323 |  |  | 453,409 |
Dividends on preferred stock | 37,260 |  |  | 37,158 |  |  | 74,417 |  |  | 74,219 |
Net income (loss) available (related) to common stockholders | $ | 19,839 |  |  | $ | (46,641) |  |  | $ | 106,906 |  |  | $ | 379,190 |
Weighted average shares of common stock outstanding-basic | 620,208,712 |  |  | 500,950,563 |  |  | 603,770,531 |  |  | 500,781,701 |
Add: Effect of stock awards, if dilutive | 894,506 |  |  | — |  |  | 1,111,764 |  |  | 633,814 |
Weighted average shares of common stock outstanding-diluted | 621,103,218 |  |  | 500,950,563 |  |  | 604,882,295 |  |  | 501,415,515 |
Net income (loss) per share available (related) to common share |  |  |  |  |  |  |
Basic | $ | 0.03 |  |  | $ | (0.09) |  |  | $ | 0.18 |  |  | $ | 0.76 |
Diluted | $ | 0.03 |  |  | $ | (0.09) |  |  | $ | 0.18 |  |  | $ | 0.76 |
There were no potentially dilutive restricted stock units or performance stock units for the three and six months ended June 30, 2025. The computations of diluted net income (loss) per share available (related) to common share for the three and six months ended June 30, 2024 exclude 2.7 million shares and 0 shares, respectively, of potentially dilutive restricted stock units and performance stock units because their effect would have been anti-dilutive.

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