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NET INCOME (LOSS) PER COMMON SHARE
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER COMMON SHARE
15.  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 September 30, 2024 and 2023.
 For the Three Months Ended
For the Nine Months Ended
 September 30, 2024September 30, 2023September 30, 2024September 30, 2023
 (dollars in thousands, except per share data)
Net income (loss)$82,351 $(569,084)$538,692 $(1,247,225)
Net income (loss) attributable to noncontrolling interests15,906 (6,879)18,838 (7,797)
Net income (loss) attributable to Annaly 66,445 (562,205)519,854 (1,239,428)
Dividends on preferred stock41,628 36,854 115,847 104,495 
Net income (loss) available (related) to common stockholders$24,817 $(599,059)$404,007 $(1,343,923)
Weighted average shares of common stock outstanding-basic515,729,658 494,330,361 505,800,723 492,744,997 
Add: Effect of stock awards, if dilutive1,102,494 — 817,420 — 
Weighted average shares of common  stock outstanding-diluted516,832,152 494,330,361 506,618,143 492,744,997 
Net income (loss) per share available (related) to common share
Basic$0.05 $(1.21)$0.80 $(2.73)
Diluted$0.05 $(1.21)$0.80 $(2.73)
The computations of diluted net income (loss) per share available (related) to common share for the three and nine months ended September 30, 2024 excludes 0 and 2 thousand, respectively, and for the three and nine months ended September 30, 2023 excludes 1.9 million and 1.8 million, respectively, of potentially dilutive restricted and performance stock units because their effect would have been anti-dilutive.