ANNALY CAPITAL MANAGEMENT INC
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Condition
Total assets were $146.1 billion and $135.6 billion at September 30, 2026 and December 31, 2025, respectively. The change was primarily due to increases in securitized residential whole loans of consolidated VIEs of $10.4 billion, residential mortgage loans of $1.8 billion, derivative assets of $1.1 billion, receivables for unsettled trades of $704.1 million, MSR and interests in MSR of $635.7 million, and cash and cash equivalents of $143.1 million, partially offset by decreases in securities of $4.4 billion, and principal and interest receivable of $44.4 million. Our portfolio composition, net equity allocation and debt-to-net equity ratio by asset class were as follows at September 30, 2026.
| Agency MBS | Residential Credit (1) | MSR | Total | |
|---|---|---|---|---|
| Assets · (dollars in thousands) | ||||
| Fair value | $85,294,151 | $50,932,981 | $4,310,173 | $140,537,305 |
| Implied market value of derivatives (2) | 6,488,723 | — | — | 6,488,723 |
| Debt | ||||
| Repurchase agreements | 78,524,363 | 7,000,702 | — | 85,525,065 |
| Implied cost basis of derivatives (2) | 6,710,766 | — | — | 6,710,766 |
| Other secured financing | — | — | 1,125,000 | 1,125,000 |
| Debt issued by securitization vehicles | — | 38,380,269 | — | 38,380,269 |
| Participations issued | — | 2,200,562 | — | 2,200,562 |
| Net forward purchases | 345,152 | 15,253 | 42,641 | 403,046 |
| Other | ||||
| Net other assets / liabilities | 2,516,727 | 399,164 | 297,175 | 3,213,066 |
| Net equity allocated | $8,719,320 | $3,735,359 | $3,439,707 | $15,894,386 |
| Net equity allocated (%) | 55% | 23% | 22% | 100% |
| Debt/net equity ratio (3) | 9.0:1 | 12.7:1 | 0.3:1 | 8.0:1 |
| (1) Fair value includes residential loans held for sale, commercial assets and liabilities and assets and liabilities associated with non-controlling interests.(2) Derivatives include TBA contracts under Agency MBS.(3) Represents the debt/net equity ratio as determined using amounts in the Consolidated Statements of Financial Condition. | ||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.