Annaly Capital Management (NLY)
Financials · Mortgage REIT
A mortgage REIT that invests in mortgage-backed securities, mortgage servicing rights, and residential mortgage loans to generate income for shareholders.
What Annaly Capital Management does
Annaly Capital Management is a mortgage real estate investment trust (REIT) that invests primarily in agency mortgage-backed securities, mortgage servicing rights, and residential mortgage loans. The company generates income through net interest income on its securities and loan holdings, as well as net servicing income from mortgage servicing operations. Annaly finances its investments through repurchase agreements and securitization vehicles, and is subject to REIT taxation requirements whereby it distributes substantially all taxable income to shareholders.
Themes: ["Mortgage-backed securities investing","Mortgage servicing rights","Real estate investment trusts (REITs)","Fixed income yield generation","Interest rate risk management"]
Fundamentals
- Price$22.73 as of 2026-07-09 close
- Market cap$16.8B as of 2026-07-10
- 1-year return+15.3% as of 2026-07-09 close
- P/E7.67 as of 2026-07-10
- Net margin+29.3% as of 2026-07-10
- Gross margin+32.2% as of 2026-07-10
- ROE+14.4% as of 2026-07-10
- Debt / equity7.34 as of 2026-07-10
- Revenue growth (YoY)+36.0% as of 2026-07-10
- Beta1.26 as of 2026-07-10
Dividend: yield +13.2%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate fluctuations directly impact the value of mortgage-backed securities portfolio and net interest income margins, creating significant mark-to-market and reinvestment risks.","Heavy reliance on repurchase agreement financing (85+ billion in liabilities) creates funding and counterparty credit risks if repo markets experience stress or haircuts increase.","Regulatory changes including potential modifications to REIT tax qualification rules, CFTC commodity pool operator requirements, and mortgage servicing regulations could impact business structure and profitability."]
Competitors & peers
- New Residential Investment Corp (NRZ)
- INVESCO Mortgage Capital (IVR)
- ARMOUR Residential REIT (ARR)
- Two Harbors Investment Corp (TWO)
- AGNC Investment Corp (AGNC)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.