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Companies / Financials / Annaly Capital Management, Inc.
NLY

Annaly Capital Management, Inc.

Ticker NLYNEW YORK, NYFiscal year ends DecemberBook value per share $23.11Diluted shares 732.3M

Annaly Capital Management, Inc. (NYSE: NLY) is a real estate investment trust and capital manager that uses equity and borrowed funds to invest primarily in residential mortgage-related assets, seeking income from the spread between asset yields and borrowing and hedging costs. Its investments are organized across… From the company’s description.

In fiscal 2025, Annaly Capital Management, Inc. reported net income of $2.05B. Operations generated $692.91M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$2.05BFY2025
+102.8% year over year
Last 12 mo $2.98B
12.60%FY2025
+4.7 percentage points
Last 12 mo 17.44%
Cash & financing
$692.91MFY2025
−79.1% year over year
Last 12 mo $886.45M
$692.91MFY2025
−79.1% year over year
Last 12 mo $886.45M
0.07FY2025
Was 0.06× a year earlier
641.0MFY2025
+22.6% year over year
Last 12 mo 732.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Annaly Capital Management, Inc. does

In the company’s own words

Annaly Capital Management, Inc. (NYSE: NLY) is a real estate investment trust and capital manager that uses equity and borrowed funds to invest primarily in residential mortgage-related assets, seeking income from the spread between asset yields and borrowing and hedging costs. Its investments are organized across three groups: the Annaly Agency Group invests in agency mortgage-backed securities and related assets; the Annaly Residential Credit Group invests primarily in non-agency residential loans and securitized products; and the Annaly Mortgage Servicing Rights Group invests in rights to service residential loans. Target investments also include agency commercial mortgage-backed securities, credit risk transfer securities and mortgage servicing rights. At December 31, 2025, the portfolio comprised 89% agency assets, 7% residential credit and 4% mortgage servicing rights. Annaly was founded in 1997 and had 212 employees at year-end 2025. Its website is www.annaly.com.

Company details
Sector
Financials
Industry (SIC)
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1043219
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.75B$-984.53M$783.30M$2.55B$4.32B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Annaly Capital Management, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

324
funds hold it
0 of 35
superinvestors hold it
$4.32B
held by funds, at market
25.6%
of shares held by funds

Largest fund holders · Annaly Capital Management, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.45%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.20%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.35%of fund net assets
Allspring Special Mid Cap Value Fund
WFMDX · ALLSPRING FUNDS TRUST
1.51%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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