NET INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2021


16. 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 nine months ended March 31, 2021 and March 31, 2020.


	For the Three Months Ended
	March 31, 2021		March 31, 2020
	(dollars in thousands, except per share data)
Net income (loss)	$	1,751,134	$	(3,640,189)
Net income (loss) attributable to noncontrolling interests	321		66
Net income (loss) attributable to Annaly	1,750,813		(3,640,255)
Dividends on preferred stock	26,883		35,509
Net income (loss) available (related) to common stockholders	$	1,723,930	$	(3,675,764)


Weighted average shares of common stock outstanding-basic	1,399,210,925		1,430,994,319
Add: Effect of stock awards, if dilutive	789,802		—
Weighted average shares of common stock outstanding-diluted	1,400,000,727		1,430,994,319
Net income (loss) per share available (related) to common share
Basic	$	1.23	$	(2.57)
Diluted	$	1.23	$	(2.57)

The computations of diluted net income (loss) per share available (related) to common share for the three months ended March 31, 2020 excludes 0.1 million of potentially dilutive restricted stock units because their effect would have been anti-dilutive.