Annaly Capital Management, Inc. (NLY-J)

Profile

https://www.annaly.com

Annaly Capital Management, Inc. is a mortgage real estate investment trust focused on investing in and financing housing-related assets in the United States. The company operates as a diversified capital manager across the residential mortgage finance market, primarily targeting agency mortgage-backed securities, residential credit, and mortgage servicing rights. Annaly uses shareholder capital together with borrowed funds to build portfolios of real estate-related investments and earn income from the spread between asset yields and funding and hedging costs. Its agency strategy centers on securities guaranteed by U.S. housing finance agencies, while its residential credit activities focus on non-agency mortgage-backed assets and residential mortgage loans. The mortgage servicing rights business provides exposure to servicing cash flows backed by large pools of U.S. home loans. Headquartered in New York City and founded in 1997, Annaly today plays a significant role in channeling private capital into the U.S. housing sector, operating an internally managed REIT structure dedicated to generating net income for distribution to stockholders and preserving capital through disciplined risk and liquidity management.