NET INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2023


16. 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 months ended March 31, 2023 and 2022.


	For the Three Months Ended
	March 31, 2023		March 31, 2022
	(dollars in thousands, except per share data)
Net income (loss)	$	(839,328)	$	2,023,894
Net income (loss) attributable to noncontrolling interests	4,928		1,639
Net income (loss) attributable to Annaly	(844,256)		2,022,255
Dividends on preferred stock	31,875		26,883
Net income (loss) available (related) to common stockholders	$	(876,131)	$	1,995,372


Weighted average shares of common stock outstanding-basic	489,688,364		365,340,909
Add: Effect of stock awards, if dilutive	—		272,082
Weighted average shares of common stock outstanding-diluted	489,688,364		365,612,991
Net income (loss) per share available (related) to common share
Basic	$	(1.79)	$	5.46
Diluted	$	(1.79)	$	5.46

The computations of diluted net income (loss) per share available (related) to common share for the the three months ended March 31, 2023 and 2022 excludes 1.7 million and 0.6 million, respectively, of potentially dilutive restricted and performance stock units because their effect would have been anti-dilutive.