- CEO
- David L. Finkelstein
- Full Time Employees
- 191
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 1211 Avenue of the Americas New York City NY United States of America 10036
- IPO Date
- Jul 27, 2017
- Business
- Annaly Capital Management, Inc. (NYSE: NLY) operates as a diversified real estate investment trust (REIT) that invests primarily in and finances residential and commercial assets through agency mortgage-backed securities, residential credit, mortgage servicing rights, non-agency mortgage-backed securities, residential and commercial mortgages; it generates net income for distribution to stockholders via prudent portfolio management focused on capital preservation and risk-adjusted returns. Founded in 1997 and headquartered in New York City, the company conducts its operations predominantly in the United States, leveraging strategies across mortgage finance segments including investment management, risk management services, capital markets funding via repurchase agreements and securitizations, and advisory services for institutional investors. Annaly maintains a portfolio encompassing agency mortgage-backed securities guaranteed by U.S. government agencies like Fannie Mae and Freddie Mac, residential credit investments such as non-agency mortgage-backed securities and mortgage servicing rights, commercial mortgages secured by office buildings and retail centers, and proprietary assets generated through its Onslow Bay securitization platform.
In recent developments, Annaly expanded its mortgage servicing rights (MSR) segment by acquiring newly originated MSRs through partner networks and closing $7.6 billion in securitizations across 15 transactions in 2025 year-to-date via the Onslow Bay platform; the company announced a new partnership with PennyMac Financial Services to purchase $12 billion in low note rate MSRs, with PennyMac handling subservicing and recapture, while raising $1.1 billion through equity initiatives and growing non-mark-to-market financing capacity to $1.9 billion or 45% of total residential loan facilities. These initiatives enhance liquidity, support flow servicing relationships, and bolster portfolio resilience amid market volatility, complementing traditional funding sources like bilateral repo and warehouse facilities. Annaly continues to prioritize diversified investments and strategic alliances to capitalize on mortgage market opportunities.