NET INCOME (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE

17.  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 years ended December 31, 2024, 2023 and 2022.

	For the Years Ended
	December 31, 2024		December 31, 2023		December 31, 2022
	(dollars in thousands, except per share data)
Net income (loss)	$	1,011,768	$	(1,638,457)	$	1,726,420
Net income (loss) attributable to noncontrolling interests	9,862		4,714		1,095
Net income (loss) attributable to Annaly	1,001,906		(1,643,171)		1,725,325
Dividends on preferred stock	154,551		141,676		110,623
Net income (loss) available (related) to common stockholders	$	847,355	$	(1,784,847)	$	1,614,702
Weighted average shares of common stock outstanding-basic	521,737,554		494,541,323		411,348,484
Add: Effect of stock awards, if dilutive	1,010,056		—		273,274
Weighted average shares of common  stock outstanding-diluted	522,747,610		494,541,323		411,621,758
Net income (loss) per share available (related) to common share
Basic	$	1.62	$	(3.61)	$	3.93
Diluted	$	1.62	$	(3.61)	$	3.92

The computations of diluted net income (loss) per share available (related) to common share for the years ended December 31, 2023 and 2022 exclude 1.9 million and 0.7 million, respectively, of potentially dilutive restricted stock units and performance stock units because their effect would have been anti-dilutive. There were no potentially dilutive restricted stock units or performance stock units for the year ended December 31, 2024.