Annaly Capital Management, Inc. is a publicly traded real estate investment trust (REIT) that specializes in investments in mortgage-backed securities and other real-estate-related assets. Founded in 1997, the company seeks to generate attractive risk‐adjusted returns for shareholders through a diversified portfolio of agency and non-agency residential mortgage‐backed securities, commercial mortgage‐backed securities, and other credit investments. Annaly maintains a disciplined investment approach, leveraging its access to financing markets to optimize portfolio returns while managing interest rate and prepayment risk.
The firm’s core business activities include acquiring and financing agency mortgage-backed securities issued by U.S. government-sponsored enterprises, acquiring non-agency residential credit investments and commercial real estate debt, and managing a book of direct mortgage loans. Annaly employs a liability management strategy that utilizes repurchase financing, unsecured debt issuance, and preferred equity solutions. Through its capital markets platform, the company seeks to balance yield generation with prudent risk controls, adjusting its leverage profile in response to market conditions.
Headquartered in New York City, Annaly serves investors by providing liquidity to the mortgage finance system and participating in various segments of the U.S. housing and real estate markets. Over time, the company has expanded its investment scope to include credit-sensitive assets, residential real estate equities, and servicing platforms. Annaly’s operations are supported by a team of professionals across origination, portfolio management, research, and risk management, reflecting decades of collective experience in fixed income, structured finance, and real estate investing.
Leadership at Annaly is anchored by founder and chairman Michael A. Farrell, who brings extensive expertise in the mortgage finance industry. The company’s senior management team, led by a chief executive officer with deep experience in real estate capital markets, works alongside an independent board of directors to set strategy, oversee risk management, and guide capital allocation. Through this seasoned governance structure, Annaly aims to deliver stable dividend income and long-term value creation for its shareholders.