Company

Annaly Capital Management, Inc.

Headquarters: New York, NY, United States

Founded: February 18, 1997

Employees: 171

CEO: Mr. David L. Finkelstein C.F.A.

show_chart NYSE: NLY

Market Cap

$10.37 Billion

USD as of April 1, 2022

history Market Cap History

Company Description

Annaly Capital Management, Inc. is a mortgage real estate investment trust, investing and financing in residential and commercial properties. As a diversified capital manager, it relies on mortgage-backed securities, loans, equity, and other commercial real estate investments in both the residential and commercial markets to generate and distribute income to its shareholders.

Annaly Capital Management, Inc. market capitalization over time

Evolution of Annaly Capital Management, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Annaly Capital Management, Inc.

Detailed Description

Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.

Wikipedia Introduction

Annaly Capital Management is one of the largest mortgage real estate investment trusts. It is organized in Maryland with its principal office in New York City. The company borrows money, primarily via short term repurchase agreements, and reinvests the proceeds in asset-backed securities. As of December 31, 2019, 93% of the company's assets were mortgage-backed securities issued by either Fannie Mae or Freddie Mac. The company generates profits from the net interest spread between the interest earned from its assets and its borrowing costs, which is amplified from the use of leverage. As of December 31, 2019, the company had a debt-to-equity ratio of 7.2. As of December 31, 2019, the weighted average days to maturity of its repurchase agreements was 65 days. The company is ranked 910th on the Fortune 500. The name of the company came from the name of the area in Ireland that was ruled by the ancestors of the company's founder.

Source: Wikipedia, retrieved on March 31, 2022, 8:42 p.m.

Stocks & Indices

Annaly Capital Management, Inc. has the following listings and related stock indices.


Stock: NYSE: NLY

Stock: FSX: AAY

Stock: NYSE: NLY.PR.G

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Key People

Founder(s): Michael A. J. Farrell and Wellington Denahan

David L. Finkelstein, CEO & CIO Serena Wolfe, CFO

Financials

Net income: -$2.299 billion (2019)


Total assets: $130.295 billion (2019)

Total equity: $15.796 billion (2019)

Details

Headquarters:

1211 Avenue of the Americas

New York, NY 10036

United States

Phone: 212-696-0100