Annaly Capital Posts Q2 2026 GAAP EPS of $1.06, EAD of $0.79, and Lifts Dividend to $0.75
NLY sits 15% above its 52-week low of $19.75.
Summary
Annaly Capital Management reported Q2 2026 GAAP EPS of $1.06 and EAD of $0.79 per share, raised its quarterly dividend to $0.75, and generated a 5.5% economic return. The company raised $447 million through its ATM program and deployed the capital into Agency MBS, while its Residential Credit business achieved record securitization issuance.
Key Events · Earnings and Guidance · NLY
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Q2 2026 Earnings Beat
GAAP EPS came in at $1.06 and EAD at $0.79 per share, with the latter comfortably covering the increased $0.75 dividend.
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Dividend Increase
The quarterly common stock cash dividend was raised to $0.75 per share, a 7.14% increase from the prior $0.70.
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Book Value Growth
Book value per common share rose to $20.15, contributing to a 5.5% economic return for Q2 and 6.9% for the first half of 2026.
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ATM Equity Raise
Through the at-the-market sales program, $447 million of accretive common equity was raised during the quarter and largely deployed into higher-coupon Agency MBS.
Analysis · NLY · Real Estate & Construction
Annaly Capital Management turned in a strong second quarter, delivering GAAP EPS of $1.06 and earnings available for distribution of $0.79 per share—comfortably covering the newly raised $0.75 dividend. Book value per share climbed to $20.15, driving a 5.5% economic return for the period. The diversified housing finance portfolio continues to perform well: the Agency MBS strategy is benefiting from accretive capital deployment, while the Residential Credit business posted record securitization volumes. During the quarter, $447 million raised through the ATM program was largely deployed into higher-coupon Agency MBS, enhancing earnings power. With economic leverage ticking down to 5.6x and ample liquidity, the company is well-positioned to navigate the evolving rate environment.
At the time of this filing, NLY was trading at $22.75 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $16.6B. The 52-week trading range was $19.75 to $24.52. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.