Third Quarter 2026 Financial Supplement

For the quarters ended

9/30/2026

6/30/2026

GAAP net income (loss) per average common share

($1.36)

$1.06

Earnings available for distribution per average common share *

$0.80

$0.79

Annualized GAAP return (loss) on average equity (1)

(24.35%)

19.88%

Annualized EAD return on average equity*

15.86%

15.12%

Book value per common share

$17.86

$20.15

GAAP leverage at period-end (2)

8.0x

7.4x

Economic leverage at period-end *(2)

5.9x

5.6x

GAAP capital ratio at period-end (3)

10.9%

11.8%

Economic capital ratio at period-end *(3)

14.2%

14.9%

Securities

$86,897,746

$89,515,485

Loans, net

6,869,820

7,280,979

Mortgage servicing rights

4,199,823

4,089,485

Interests in MSR

110,350

106,775

Assets transferred or pledged to securitization vehicles

42,459,566

38,256,690

Total investment portfolio

$140,537,305

$139,249,414

Net interest margin (4)

1.54%

1.47%

GAAP

Average yield on interest earning assets (5)

5.58%

5.44%

Key Statistics

Average GAAP cost of interest bearing liabilities (6)

4.34%

4.28%

Net interest spread

1.24%

1.16%

Net interest margin (excluding PAA) *(4)

1.69%

1.76%

Non-GAAP

Average yield on interest earning assets (excluding PAA) *(5)

5.45%

5.46%

Key Statistics

Average economic cost of interest bearing liabilities *(6)

4.03%

3.96%

Net interest spread (excluding PAA) *

1.42%

1.50%

Operating expenses to earnings available for distribution *

8.20%

9.27%

Efficiency

Annualized operating expenses as a % of average total assets

0.15%

0.16%

Annualized operating expenses as a % of average total equity

1.29%

1.40%

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Agency mortgage-backed securities

$85,294,151

$87,768,578

$86,380,653

$89,628,654

$83,317,819

Residential credit risk transfer securities

69

46,872

110,646

213,800

330,647

Non-agency mortgage-backed securities

1,603,526

1,565,016

1,588,026

1,445,176

1,414,259

Commercial mortgage-backed securities

-

135,019

394,356

-

-

Total securities

$86,897,746

$89,515,485

$88,473,681

$91,287,630

$85,062,725

Residential mortgage loans

$6,869,820

$7,280,979

$7,230,876

$5,020,784

$4,008,299

Total loans, net

$6,869,820

$7,280,979

$7,230,876

$5,020,784

$4,008,299

Mortgage servicing rights

$4,199,823

$4,089,485

$4,115,999

$3,645,865

$3,476,181

Interests in MSR

$110,350

$106,775

$27,212

$28,626

$35,833

Residential mortgage loans transferred or pledged to securitization vehicles

$42,459,566

$38,256,690

$34,207,738

$32,067,433

$29,512,309

Assets transferred or pledged to securitization vehicles

$42,459,566

$38,256,690

$34,207,738

$32,067,433

$29,512,309

Total investment portfolio

$140,537,305

$139,249,414

$134,055,506

$132,050,338

$122,095,347

Total assets

$146,147,474

$143,741,176

$138,537,591

$135,609,838

$125,861,572

Period-end TBA contract balances, implied market value

$6,488,723

$7,216,874

$5,845,420

$3,257,086

$3,991,915

Average TBA contract balances, implied market value

$5,585,135

$6,083,998

$5,426,013

$2,186,109

$6,374,052

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Repurchase agreements

$85,525,065

$86,895,874

$85,068,102

$81,865,723

$75,118,963

Other secured financing

1,125,000

1,125,000

1,125,000

1,075,000

1,025,000

Debt issued by securitization vehicles

38,380,269

34,366,098

30,719,417

28,918,753

26,601,790

Participations issued

2,200,562

2,553,709

2,484,018

1,932,655

1,831,657

U.S. Treasury securities sold, not yet purchased

-

-

-

2,396,724

2,442,570

Total debt

$127,230,896

$124,940,681

$119,396,537

$116,188,855

$107,019,980

Total liabilities

$130,253,088

$126,762,800

$122,211,780

$119,449,927

$110,864,993

Cumulative redeemable preferred stock

$1,802,480

$1,802,480

$1,802,480

$1,802,480

$1,802,480

Common equity (1)

14,017,443

15,122,896

14,471,629

14,288,292

13,108,417

Total Annaly stockholders' equity

15,819,923

16,925,376

16,274,109

16,090,772

14,910,897

Non-controlling interests

74,463

53,000

51,702

69,139

85,682

Total equity

$15,894,386

$16,978,376

$16,325,811

$16,159,911

$14,996,579

Weighted average days to maturity of repurchase agreements

30

33

36

35

49

Weighted average rate on repurchase agreements, for the quarter (2)(3)

3.87%

3.84%

3.90%

4.20%

4.50%

Weighted average rate on repurchase agreements, at period-end (3)

4.08%

3.85%

3.87%

4.02%

4.36%

GAAP leverage at period-end

8.0x

7.4x

7.3x

7.2x

7.1x

Economic leverage at period-end *

5.9x

5.6x

5.7x

5.6x

5.7x

GAAP capital ratio at period-end

10.9%

11.8%

11.8%

11.9%

11.9%

Economic capital ratio at period-end *

14.2%

14.9%

14.7%

14.9%

14.8%

Book value per common share

$17.86

$20.15

$19.82

$20.21

$19.25

Total common shares outstanding

784,673

750,574

730,291

706,972

681,052

Hedge ratio (4)

100%

97%

87%

90%

92%

Weighted average pay rate on interest rate swaps, at period-end

3.19%

3.20%

3.14%

3.15%

3.16%

Weighted average receive rate on interest rate swaps, at period-end

3.97%

3.73%

3.74%

3.92%

4.27%

Weighted average net rate on interest rate swaps, at period-end

(0.78%)

(0.53%)

(0.60%)

(0.77%)

(1.11%)

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Total interest income

$1,970,425

$1,812,198

$1,724,930

$1,690,707

$1,532,497

Total interest expense

1,426,813

1,324,005

1,272,239

1,324,128

1,256,747

Net interest income

$543,612

$488,193

$452,691

$366,579

$275,750

Total economic interest expense *(1)

$1,322,680

$1,225,164

$1,164,874

$1,164,155

$1,051,717

Economic net interest income *

$647,745

$587,034

$560,056

$526,552

$480,780

Total interest income (excluding PAA) *

$1,925,907

$1,819,279

$1,721,236

$1,697,334

$1,550,887

Economic net interest income (excluding PAA) *

$603,227

$594,115

$556,362

$533,179

$499,170

GAAP net income (loss)

($1,000,698)

$827,773

$290,515

$1,017,951

$843,063

GAAP net income (loss) available (related) to common stockholders (2)

($1,043,064)

$781,637

$242,000

$971,107

$791,318

GAAP net income (loss) per average common share (2)

($1.36)

$1.06

$0.33

$1.40

$1.21

Earnings available for distribution *

$649,140

$627,667

$589,888

$553,218

$519,882

Earnings available for distribution attributable to common stockholders *(2)

$607,835

$586,631

$549,236

$510,831

$478,755

Earnings available for distribution per average common share *(2)

$0.80

$0.79

$0.76

$0.74

$0.73

PAA cost (benefit)

($44,518)

$7,081

($3,694)

$6,627

$18,390

Weighted average experienced CPR for the period

9.6%

11.6%

10.2%

9.7%

8.6%

Weighted average projected long-term CPR at period-end

8.6%

11.0%

10.4%

10.8%

10.4%

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Dividends declared per common share

$0.75

$0.75

$0.70

$0.70

$0.70

Total common and preferred dividends declared (1)

$633,114

$606,917

$554,942

$543,836

$517,126

Annualized GAAP return (loss) on average equity (2)

(24.35%)

19.88%

7.15%

26.14%

23.69%

Key GAAP

Annualized GAAP return (loss) on average equity per unit of GAAP leverage

(3.04%)

2.69%

0.98%

3.63%

3.34%

Earnings Metrics

Net interest margin

1.54%

1.47%

1.41%

1.18%

0.97%

Average yield on interest earning assets

5.58%

5.44%

5.36%

5.42%

5.40%

Average GAAP cost of interest bearing liabilities

4.34%

4.28%

4.29%

4.49%

4.73%

Net interest spread

1.24%

1.16%

1.07%

0.93%

0.67%

Annualized EAD return on average equity *

15.86%

15.12%

14.58%

14.28%

14.70%

Annualized EAD return on average equity per unit of economic leverage *

2.69%

2.70%

2.56%

2.55%

2.58%

Key Non-GAAP

Net interest margin (excluding PAA) *

1.69%

1.76%

1.71%

1.69%

1.70%

Earnings Metrics

Average yield on interest earning assets (excluding PAA) *

5.45%

5.46%

5.35%

5.44%

5.46%

Average economic cost of interest bearing liabilities *

4.03%

3.96%

3.93%

3.95%

3.96%

Net interest spread (excluding PAA) *

1.42%

1.50%

1.42%

1.49%

1.50%

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Interest income:

Agency Securities

$1,189,061

$1,094,724

$1,084,411

$1,079,716

$949,511

Resi Credit Securities

29,364

30,679

31,422

33,474

33,462

Residential mortgage loans

738,556

674,055

596,789

550,529

505,527

Commercial investment portfolio

244

4,664

1,622

-

-

Reverse repurchase agreements

13,200

8,076

10,686

26,988

43,997

Total interest income

$1,970,425

$1,812,198

$1,724,930

$1,690,707

$1,532,497

Economic interest expense *:

U.S. Treasury securities sold, not yet purchased

-

-

8,266

25,444

25,962

Debt issued by securitization vehicles

502,096

438,892

398,133

383,139

349,959

Participations issued

37,069

38,562

32,893

28,208

28,651

Total economic interest expense *

$1,322,680

$1,225,164

$1,164,874

$1,164,155

$1,051,717

Economic net interest income *

$647,745

$587,034

$560,056

$526,552

$480,780

PAA cost (benefit)

(44,518)

7,081

(3,694)

6,627

18,390

Economic net interest income (excluding PAA) *

$603,227

$594,115

$556,362

$533,179

$499,170

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

GAAP net income (loss)

($1,000,698)

$827,773

$290,515

$1,017,951

$843,063

Adjustments to exclude reported realized and unrealized (gains) losses:

Net (gains) losses on investments and other (1)

4,728,272

316,206

674,162

(288,630)

(560,957)

Net (gains) losses on derivatives (2)

(2,982,293)

(464,968)

(312,265)

(104,405)

284,199

Other adjustments:

Amortization of intangibles

672

673

673

672

673

Non-EAD (income) loss allocated to equity method investments (3)

-

-

-

405

376

EAD*

Transaction expenses and non-recurring items (4)

10,738

10,246

7,951

7,223

8,117

Reconciliation

Income tax effect of non-EAD income (loss) items

13,820

5,044

(4,812)

(9,456)

(6,742)

TBA dollar roll income (5)

18,803

17,904

18,993

4,813

9,019

MSR amortization (6)

(93,570)

(89,816)

(78,646)

(77,955)

(72,081)

EAD attributable to noncontrolling interests

(2,086)

(2,476)

(2,989)

(4,027)

(4,175)

Premium amortization adjustment cost (benefit)

(44,518)

7,081

(3,694)

6,627

18,390

Earnings available for distribution *

649,140

627,667

589,888

553,218

519,882

Dividends on preferred stock (7)

41,305

41,036

40,652

42,387

41,127

Earnings available for distribution attributable to common stockholders *

$607,835

$586,631

$549,236

$510,831

$478,755

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Prior quarter net interest margin (excluding PAA) *

1.76%

1.71%

1.69%

1.70%

1.71%

Quarter-over-quarter changes in contribution:

Coupon on average interest earning assets (including average TBA dollar roll balances)

0.07%

(0.01%)

(0.10%)

0.24%

0.02%

Net amortization of premiums (excluding PAA)

(0.05%)

0.10%

(0.12%)

(0.07%)

0.05%

TBA dollar roll income

(0.01%)

0.01%

0.04%

(0.02%)

0.01%

Economic interest expense *

(0.08%)

(0.05%)

0.20%

(0.16%)

(0.09%)

Current quarter net interest margin (excluding PAA) *

1.69%

1.76%

1.71%

1.69%

1.70%

Prior quarter net interest spread (excluding PAA) *

1.50%

1.42%

1.49%

1.50%

1.47%

Quarter-over-quarter changes in contribution:

Coupon on average interest earning assets

0.04%

0.01%

0.04%

0.03%

0.01%

Net amortization of premiums (excluding PAA)

(0.05%)

0.09%

(0.13%)

(0.05%)

0.04%

Economic interest expense *

(0.07%)

(0.02%)

0.02%

0.01%

(0.02%)

Current quarter net interest spread (excluding PAA) *

1.42%

1.50%

1.42%

1.49%

1.50%

For the quarters ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Prior quarter annualized GAAP return (loss) on average equity

19.88%

7.15%

26.14%

23.69%

1.82%

Quarter-over-quarter changes in contribution:

Coupon income

3.71%

0.56%

(0.20%)

0.50%

0.56%

Net amortization of premiums and accretion of discounts

0.72%

0.49%

(0.73%)

(0.15%)

(0.24%)

GAAP interest expense

(2.92%)

(0.47%)

2.67%

1.31%

(0.80%)

Net servicing income

0.02%

0.27%

(0.08%)

0.04%

(0.28%)

Net gains (losses) on investments and other

(107.26%)

8.90%

(23.98%)

(8.36%)

13.27%

Net gains (losses) on derivatives

61.54%

3.20%

3.60%

9.06%

9.12%

Other (1)

(0.04%)

(0.22%)

(0.27%)

0.05%

0.24%

Current quarter annualized GAAP return (loss) on average equity

(24.35%)

19.88%

7.15%

26.14%

23.69%

Prior quarter annualized EAD return on average equity *

15.12%

14.58%

14.28%

14.70%

14.86%

Quarter-over-quarter changes in contribution:

Coupon income

3.76%

0.54%

(0.26%)

0.44%

0.54%

Net amortization of premiums (excluding PAA)

(0.55%)

0.76%

(1.00%)

(0.49%)

0.40%

Economic interest expense

(2.79%)

(0.73%)

1.25%

(0.30%)

(0.99%)

Net servicing income

0.02%

0.27%

(0.08%)

0.03%

(0.29%)

TBA dollar roll income

0.03%

(0.04%)

0.35%

(0.13%)

0.03%

Other (2)

0.27%

(0.26%)

0.04%

0.03%

0.15%

Current quarter annualized EAD return on average equity *

15.86%

15.12%

14.58%

14.28%

14.70%

Agency Fixed-Rate Securities (Pools) (1)

Original Weighted Avg.

Years to Maturity

Current Face Value

% (3)

Weighted Avg.

Coupon

Weighted Avg. Amortized Cost

Weighted Avg. Fair Value

Weighted Avg. 3-Month CPR

Estimated Fair Value

>=30 years (2)

$81,450,281

100.0%

5.13%

100.3%

94.4%

9.7%

$76,901,584

Total/Weighted Avg.

$81,450,281

100.0%

5.13%

100.3%

94.4%

9.7%

$76,901,584

Other Agency Securities

Type

Current Face Value

% (3)

Weighted Avg.

Coupon

Weighted Avg. Amortized Cost

Weighted Avg. Fair Value

Weighted Avg. 3-Month CPR

Estimated Fair Value

Multifamily

$7,646,456

98.1%

4.53%

99.4%

93.2%

-%

$7,127,360

Adjustable-rate

149,026

1.9%

5.44%

105.0%

100.2%

8.5%

149,307

Total/Weighted Avg.

$7,795,482

100.0%

4.55%

99.5%

93.3%

8.5%

$7,276,667

Agency Interest-Only Collateralized Mortgage-Backed Obligations

Type

Current Notional Value

% (4)

Weighted Avg.

Coupon

Weighted Avg. Amortized Cost

Weighted Avg. Fair Value

Weighted Avg. 3-Month CPR

Estimated Fair Value

Interest-only

$1,291,825

2.4%

3.46%

17.8%

17.3%

7.4%

$223,688

Inverse interest-only

4,711,138

8.8%

2.42%

10.7%

6.9%

8.4%

325,270

Multifamily interest-only

47,345,291

88.8%

0.25%

1.2%

1.2%

-%

566,942

Total/Weighted Avg.

$53,348,254

100.0%

0.52%

2.5%

2.1%

7.3%

$1,115,900

Mortgage Servicing Rights

Type

Unpaid Principal Balance

Servicing Fee (bps)

Weighted Avg. Note Rate

Valuation (bps)

Discount Rate

Projected CPR

Estimated Fair Value

MSR held directly

$267,027,911

26

3.3%

157.3

8.7%

5.0%

$4,199,823

Interests in MSR

5,823,902

110,350

Total/Weighted Avg.

$272,851,813

26

3.3%

157.3

8.7%

5.0%

$4,310,173

Residential Credit Portfolio

Sector

Current Face / Notional Value

% (1)

Weighted Avg.

Coupon

Weighted Avg. Amortized Cost

Weighted Avg. Fair Value

Estimated Fair Value

Residential credit risk transfer

$70

0.1%

3.80%

103.5%

98.6%

$69

Non-QM

473,645

0.8%

6.96%

99.1%

95.9%

454,371

Prime

2,644,066

0.5%

6.14%

110.9%

109.5%

244,775

Small balance commercial

159,125

0.3%

6.84%

94.1%

92.4%

147,010

Residential transition loan securitizations

106,617

0.2%

7.08%

99.8%

99.6%

106,232

Prime jumbo

11,278,007

0.4%

5.25%

152.4%

161.4%

200,058

Residential mortgage loans

49,969,405

96.8%

6.65%

101.6%

98.7%

49,329,386

Total/Weighted Avg.

$65,101,998

100.0%

6.65%

$50,932,981

Payment Structure

Product

Estimated Fair Value

Senior

Subordinate

Investment Characteristics (1)

Coupon

Credit Enhancement

60+

Delinquencies

3M VPR (2)

Credit Risk Transfer

$69

$-

$69

3.80%

7.97%

0.86%

6.38%

Non-QM

454,371

-

454,371

6.96%

6.86%

3.49%

15.19%

Prime

244,775

195,508

49,267

6.14%

17.92%

0.79%

13.80%

Small balance commercial

147,010

15,360

131,650

6.84%

24.42%

10.32%

26.94%

Re-performing and non-performing loan securitizations

451,080

45,754

405,326

7.09%

20.30%

44.78%

9.29%

Residential transition loan securitizations

106,232

51,226

55,006

7.08%

17.49%

7.21%

52.85%

Prime Jumbo

200,058

104,437

95,621

5.25%

1.12%

0.73%

6.89%

Total

$1,603,595

$412,285

$1,191,310

6.74%

14.58%

16.32%

16.73%

Product

Bond Coupon

ARM Fixed Floater Interest Only Estimated Fair Value

Credit Risk Transfer

$-

$-

$69

$-

$69

Non-QM

1,307

453,064

-

-

454,371

Prime

-

212,194

-

32,581

244,775

Small balance commercial

-

141,140

5,870

-

147,010

Re-performing and non-performing loan securitizations

-

441,456

9,589

35

451,080

Residential transition loan

securitizations

-

106,232

-

-

106,232

Prime Jumbo

-

76,817

18,804

104,437

200,058

Total

$1,307

$1,430,903

$34,332

$137,053

$1,603,595

Maturity

Current Notional (1)(2)

Weighted Avg.

Pay Rate

Weighted Avg. Receive Rate

Weighted Avg. Years to Maturity(3)

0 to 3 years

$20,010,637

3.36%

3.98%

1.34

> 3 to 6 years

22,942,704

2.74%

4.00%

4.65

> 6 to 10 years

15,038,627

3.60%

3.92%

8.07

Greater than 10 years

1,956,430

3.34%

3.95%

21.27

Type

Long Contracts

Short Contracts

Net Positions

Weighted Avg. Years to Maturity

Maturity

Principal Balance

Weighted Avg. Rate At Period End

Type

Current Underlying Notional

Weighted Avg. Underlying Fixed Rate

Weighted Avg. Underlying Floating Rate

Weighted Avg. Underlying

Years to Maturity

Weighted Avg. Months to Expiration

Long Receive

$830,000

3.54%

SOFR

7.19

2.15

Short Receive

($1,800,000)

3.23%

SOFR

3.19

2.15

2-year swap equivalent SOFR contracts

$1,000,000

$-

$1,000,000

2.00

U.S. Treasury Positions - 2 year

$-

($10,788,000)

($10,788,000)

2.00

U.S. Treasury Positions - 10 year & greater

$-

($22,686,900)

($22,686,900)

10.14

U.S. Swap Future Positions - 10 year & greater

$-

($110,000)

($110,000)

10.22

Total / Weighted Avg.

$1,000,000

($33,584,900)

($32,584,900)

7.69

Principal Balance

Weighted Average Rate(5)

Days to Maturity(6)

At Period End

For the Quarter

Repurchase agreements

$85,525,065

4.08%

3.87%

30

Other secured financing

1,125,000

6.35%

6.29%

278

Debt issued by securitization vehicles

39,605,157

5.30%

5.35%

12,878

Participations issued

2,192,635

6.55%

6.15%

10,898

Within 30 days

$56,711,930

3.99%

30 to 59 days

20,972,454

4.08%

60 to 89 days

4,267,197

4.40%

90 to 119 days

1,027,952

5.63%

Over 120 days(4)

3,670,532

5.51%

Total / Weighted Avg.

$86,650,065

4.11%

Interest Rate Sensitivity (1)

Interest Rate Change (bps)

As of September 30, 2026

As of June 30, 2026

Estimated Percentage Change in Portfolio Market Value (2)

Estimated Change as a % of NAV (2)(3)

Estimated Percentage Change in Portfolio Market Value (2)

Estimated Change as a % of NAV (2)(3)

(75)

0.4%

3.4%

(0.3%)

(2.0%)

(50)

0.4%

2.7%

(0.1%)

(0.6%)

(25)

0.2%

1.6%

-%

0.1%

25

(0.2%)

(1.8%)

(0.1%)

(0.8%)

50

(0.5%)

(3.7%)

(0.3%)

(2.2%)

75

(0.8%)

(5.8%)

(0.6%)

(3.9%)

MBS Spread Sensitivity (1)

MBS Spread Shock (bps)

As of September 30, 2026

As of June 30, 2026

Estimated Change in Portfolio Market Value (2)

Estimated Change as a % of NAV (2)(3)

Estimated Change in Portfolio Market Value (2)

Estimated Change as a % of NAV (2)(3)

(25)

1.4%

10.4%

1.3%

8.9%

(15)

0.8%

6.2%

0.8%

5.3%

(5)

0.3%

2.1%

0.3%

1.8%

5

(0.3%)

(2.0%)

(0.3%)

(1.8%)

15

(0.8%)

(6.1%)

(0.8%)

(5.2%)

25

(1.3%)

(10.1%)

(1.2%)

(8.7%)

Dollars in thousands except per share amounts

9/30/2026

(unaudited)

6/30/2026

(unaudited)

3/31/2026

(unaudited)

12/31/2025 (1)

9/30/2025

(unaudited)

Assets

Cash and cash equivalents

$

2,180,894

$

2,912,086

$

1,912,444

$

2,037,838

$

2,096,696

Securities

86,897,746

89,515,485

88,473,681

91,287,630

85,062,725

Loans, net

6,869,820

7,280,979

7,230,876

5,020,784

4,008,299

Mortgage servicing rights

4,199,823

4,089,485

4,115,999

3,645,865

3,476,181

Interests in MSR

110,350

106,775

27,212

28,626

35,833

Assets transferred or pledged to securitization vehicles

42,459,566

38,256,690

34,207,738

32,067,433

29,512,309

Derivative assets

1,204,812

81,784

395,099

115,533

47,899

Reverse repurchase agreements

32,425

33,047

33,524

34,389

35,004

Receivable for unsettled trades

705,160

104,722

891,293

1,031

185,916

Principal and interest receivable

882,299

846,548

806,484

926,660

959,435

Intangible assets, net

4,708

5,380

6,053

6,726

7,398

Other assets

599,871

508,195

437,188

437,323

433,877

Total assets

$ 146,147,474

$ 143,741,176

$ 138,537,591

$ 135,609,838

$ 125,861,572

Liabilities and stockholders' equity

Liabilities

Repurchase agreements

$ 85,525,065

$ 86,895,874

$ 85,068,102

$ 81,865,723

$ 75,118,963

Other secured financing

1,125,000

1,125,000

1,125,000

1,075,000

1,025,000

Debt issued by securitization vehicles

38,380,269

34,366,098

30,719,417

28,918,753

26,601,790

Participations issued

2,200,562

2,553,709

2,484,018

1,932,655

1,831,657

U.S. Treasury securities sold, not yet purchased

-

-

-

2,396,724

2,442,570

Derivative liabilities

302,774

247,968

207,369

53,755

199,100

Payable for unsettled trades

1,108,206

331,586

1,522,750

2,059,386

2,604,278

Interest payable

319,589

420,764

347,607

380,688

285,080

Dividends payable

588,505

562,931

511,203

494,881

476,737

Other liabilities

703,118

258,870

226,314

272,362

279,818

Total liabilities

130,253,088

126,762,800

122,211,780

119,449,927

110,864,993

Stockholders' equity

Preferred stock, par value $0.01 per share (2)

1,802,480

1,802,480

1,802,480

1,802,480

1,802,480

Common stock, par value $0.01 per share (3)

7,847

7,506

7,303

7,070

6,811

Additional paid-in capital

29,654,134

28,886,263

28,427,555

27,927,113

27,352,976

Accumulated other comprehensive income (loss)

(795,806)

(557,014)

(533,614)

(488,566)

(624,387)

Accumulated deficit

(14,848,732)

(13,213,859)

(13,429,615)

(13,157,325)

(13,626,983)

Total stockholders' equity

15,819,923

16,925,376

16,274,109

16,090,772

14,910,897

Noncontrolling interests

74,463

53,000

51,702

69,139

85,682

Total equity

15,894,386

16,978,376

16,325,811

16,159,911

14,996,579

Total liabilities and equity

$ 146,147,474

$ 143,741,176

$ 138,537,591

$ 135,609,838

$ 125,861,572