NET INCOME (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE

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 and six months ended June 30, 2023 and 2022.

	For the Three Months Ended				For the Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
	(dollars in thousands, except per share data)
Net income (loss)	$	161,187	$	863,317	$	(678,141)	$	2,887,211
Net income (loss) attributable to noncontrolling interests	(5,846)		(3,379)		(918)		(1,740)
Net income (loss) attributable to Annaly	167,033		866,696		(677,223)		2,888,951
Dividends on preferred stock	35,766		26,883		67,641		53,766
Net income (loss) available (related) to common stockholders	$	131,267	$	839,813	$	(744,864)	$	2,835,185
Weighted average shares of common stock outstanding-basic	494,165,256		380,609,192		491,939,177		373,017,228
Add: Effect of stock awards, if dilutive	193,726		289,558		—		296,495
Weighted average shares of common  stock outstanding-diluted	494,358,982		380,898,750		491,939,177		373,313,723
Net income (loss) per share available (related) to common share
Basic	$	0.27	$	2.21	$	(1.51)	$	7.60
Diluted	$	0.27	$	2.20	$	(1.51)	$	7.59

The computations of diluted net income (loss) per share available (related) to common share for the three and six months ended June 30, 2023 excludes 1.3 million and 1.8 million, respectively, and for the three and six months ended June 30, 2022 excludes 0.8 million and 0.7 million, respectively, of potentially dilutive restricted and performance stock units because their effect would have been anti-dilutive.