NET INCOME (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE

18.  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, 2022, 2021 and 2020.

	For the Years Ended
	December 31, 2022		December 31, 2021		December 31, 2020
	(dollars in thousands, except per share data)
Net income (loss)	$	1,726,420	$	2,396,280	$	(889,772)
Net income (loss) attributable to noncontrolling interests	1,095		6,384		1,391
Net income (loss) attributable to Annaly	1,725,325		2,389,896		(891,163)
Dividends on preferred stock	110,623		107,532		142,036
Net income (loss) available (related) to common stockholders	$	1,614,702	$	2,282,364	$	(1,033,199)
Weighted average shares of common stock outstanding-basic	411,348,484		356,856,520		353,664,860
Add: Effect of stock awards, if dilutive	273,274		285,731		—
Weighted average shares of common  stock outstanding-diluted	411,621,758		357,142,251		353,664,860
Net income (loss) per share available (related) to common share
Basic	$	3.93	$	6.40	$	(2.92)
Diluted	$	3.92	$	6.39	$	(2.92)

The computations of diluted net income (loss) per share available (related) to common share for the years ended December 31, 2022 and 2020 exclude 0.7 million and 1.0 million, respectively, of potentially dilutive restricted stock units and performance stock units because their effect would have been anti-dilutive.