Annaly Capital Management
| Company type | Public company |
|---|---|
| Industry | Real estate investment trust |
| Founded | February 18, 1997 |
| Founders |
|
| Headquarters | 1211 Avenue of the Americas New York City, U.S. |
Key people | David L. Finkelstein (CEO & CIO) Serena Wolfe (CFO) |
| 1,771,991,000 United States dollar (2022) | |
| US$−1.643 billion (2023) | |
| Total assets | US$93.227 billion (2023) |
| Total equity | US$11.255 billion (2023) |
Number of employees | 187 (December 31, 2023) |
| Website | www |
| Footnotes / references | |
Annaly Capital Management, Inc. 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, 2023, 88% 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 GAAP leverage ratio of 6.8:1.
As of December 31, 2023, the weighted average days to maturity of its repurchase agreements was 44 days.
The company is ranked 857th on the Fortune 1000.
The company is named after Annaly, Ireland, which was ruled by the ancestors of the company's founder.