NLYAnnaly Capital Management, Inc.
Annaly Capital Management, Inc. (NLY) is a mortgage REIT that earns by financing residential and commercial mortgages, then securitizing them into bonds and selling the equity interests to investors. The next catalyst is Nov 5, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to sustain FFO growth and manage its balance sheet amid rising interest rates and a tightening credit environment .
- NLY’s free cash flow has turned negative in recent quarters, reflecting the sector’s struggle with rising borrowing costs and lower net interest margins.
- The company’s debt-to-equity ratio is low at 0.03x, but its leverage is still a concern as interest rates remain elevated.
- Shareholders’ equity stands at $16.09B, with net income of $1.99B in the latest reported period, though free cash flow remains a drag.
The schedule
- Thu5Nov
The Q3 2026 earnings release for NLY is a key event that will focus on the company's net interest margin and loan performance. This report is expected to provide insight into the financial health and operational efficiency of the REIT, particularly in the mortgage sector. Investors will be closely watching for any signs of improved performance or potential challenges that could affect the company's profitability. The outcome of this earnings report is likely to have a significant impact on the stock price and investor sentiment.
- Tue9Feb
- Thu6May
- Wed28Jul
Past
- Wed29Jul
Actual outcome: Bull
Annaly Capital Management reported strong Q2 2026 results, beating earnings estimates on the back of higher net interest income, margin expansion, and solid dividend coverage. The company's successful focus on book value growth and its resilient diversified housing finance strategy prompted analyst upgrades and reinforced investor confidence in its double-digit yield, driving the stock to reach its bull target.
Annaly Capital Management reported strong Q2 2026 results, beating earnings estimates on the back of higher net interest income, margin expansion, and solid dividend coverage. The company's successful focus on book value growth and its resilient diversified housing finance strategy prompted analyst upgrades and reinforced investor confidence in its double-digit yield, driving the stock to reach its bull target.
- Thu5Feb
Actual outcome: Bear · $22.93 at outcome
Despite reporting strong Q4 earnings and an improved book value of $20.21, Annaly's stock price fell below the bear floor as the broader mortgage REIT sector experienced significant 'high-yield carnage' in early February. Investor sentiment shifted toward preferred shares and more stable instruments, while institutional selling by firms like Thrivent Financial further pressured the common equity despite the fundamental earnings beat.
Despite reporting strong Q4 earnings and an improved book value of $20.21, Annaly's stock price fell below the bear floor as the broader mortgage REIT sector experienced significant 'high-yield carnage' in early February. Investor sentiment shifted toward preferred shares and more stable instruments, while institutional selling by firms like Thrivent Financial further pressured the common equity despite the fundamental earnings beat.
