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AI brief of an SEC Form 8-K · Annaly Capital Management (NLY)

Annaly Q2 GAAP profit falls to $0.03 a share as EAD rises to $0.73

Mixed Impact 3 of 5 earnings Written later

Annaly Capital Management reported second-quarter 2025 results on July 23, 2025. GAAP net income fell to $0.03 per average common share from $0.15 in the first quarter, while earnings available for distribution rose slightly to $0.73 per share, and the $0.70 quarterly dividend was unchanged. Book value per common share declined to $18.45 from $19.02, and GAAP leverage rose to 7.1x from 6.8x.

Key points

  • GAAP net income of $0.03 per average common share, down from $0.15 in Q1 2025 and a loss of $(0.09) in Q2 2024.
  • Earnings available for distribution (EAD) of $0.73 per average common share, up from $0.72 in Q1 2025.
  • Book value per common share of $18.45 at June 30, 2025, down from $19.02 at March 31, 2025.
  • Common stock cash dividend of $0.70 per share for the second quarter; raised $761 million through its at-the-market sales program.

The filing

CompanyAnnaly Capital Management (NLY)
Form8-K, current report
Filed with the SECJul 23, 2025, 4:15 PM ET
Accession number0001628280-25-035741

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.