Annaly Capital Management Inc 2025年季度报告

FORM10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED:June 30, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _______________ TO _________________COMMISSION FILE NUMBER:1-13447 ANNALY CAPITAL MANAGEMENT INC (Exact Name of Registrant as Specified in its Charter) Maryland22-3479661(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.) 1211 Avenue of the AmericasNew York,New York10036(Address of principal executive offices)(Zip Code)(212)696-0100(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large acceleratedfiler☑Acceleratedfiler☐Non-acceleratedfiler☐Smaller reportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☑ The number of shares of the registrant’s Common Stock outstanding on July 25, 2025 was642,076,127. WEBSITE AND SOCIAL MEDIA DISCLOSURE We use our website (www.annaly.com) and LinkedIn account (www.linkedin.com/company/annaly-capital-management) as channelsof distribution of company information. The information we post through these channels may be deemed material. Accordingly,investors should monitor these channels, in addition to following our press releases, SEC filings and public conference calls andwebcasts. In addition, you may automatically receive email alerts and other information about Annaly when you enroll your emailaddress by visiting the “News & Insights” section of our website, then clicking on “Subscribe” and completing the email notificationform. Our website, any alerts and social media channels are not incorporated into this quarterly report on Form 10-Q. PART I - FINANCIAL INFORMATION ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1. DESCRIPTION OF BUSINESS Annaly Capital Management, Inc. (the “Company” or “Annaly”) is a Maryland corporation that commenced operations on February18, 1997.The Company is a leading diversified capital manager with investment strategies across mortgage finance. The Companyowns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations,credit risk transfer (“CRT”) securities, other securities representing interests in or obligations backed by pools of mortgage loans,residential mortgage loans and mortgage servicing rights (“MSR”). The Company’s principal business objective is to generate netincome for distribution to its stockholders and optimize its returns through prudent management of its diversified investmentstrategies. Annaly is an internally-managed company that has elected to be taxed as a Real Estate Investment Trust (“REIT”) as defined under theInternal Revenue Code of 1986, as amended, and regulations promulgated thereunder (the “Code”). The Company’sthreeinvestment groups are primarily comprised of the following: 2. BASIS OF PRESENTATION The accompanying consolidated financial statements and related notes of the Company have been prepared in accordance with U.S.generally accepted accounting principles (“GAAP”). The accompanying consolidated financial statements and related notes are unaudited and should be read in conjunction with theaudited consolidated financial statements included in the Company’s most recent Annual Report on Form 10-K for the fiscal yearended December 31, 2024 (the “2024 Form 10-K”). The consolidated financial information as of December 31, 2024 has been derivedfrom audited consolidat