NET INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2022


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 months ended March 31, 2022 and March 31, 2021.


	For the Three Months Ended
	March 31, 2022		March 31, 2021
	(dollars in thousands, except per share data)
Net income (loss)	$	2,023,894	$	1,751,134
Net income (loss) attributable to noncontrolling interests	1,639		321
Net income (loss) attributable to Annaly	2,022,255		1,750,813
Dividends on preferred stock	26,883		26,883
Net income (loss) available (related) to common stockholders	$	1,995,372	$	1,723,930


Weighted average shares of common stock outstanding-basic	1,461,363,637		1,399,210,925
Add: Effect of stock awards, if dilutive	1,088,328		789,802
Weighted average shares of common stock outstanding-diluted	1,462,451,965		1,400,000,727
Net income (loss) per share available (related) to common share
Basic	$	1.37	$	1.23
Diluted	$	1.36	$	1.23

The computations of diluted net income (loss) per share available (related) to common share for the three months ended March 31, 2022 and 2021 excludes 2.2 million and 0, respectively, of potentially dilutive restricted and performance stock units because their effect would have been anti-dilutive.