Annaly Capital Management Inc is a US-based real estate investment trust that possesses a collection of real estate-related investments such as collateralized mortgage obligations, mortgage pass-through certificates, credit risk transfer securities, and other securities representing interests or obligations backed by mortgage loan pools, residential mortgage loans, and mortgage servicing rights.
The company aims to make a profit that can be shared with its shareholders by carefully managing its varied investment strategies. These strategies are divided into three groups: the Annaly Agency Group, the Annaly Residential Credit Group, and the Annaly Mortgage Servicing Rights Group.
The company has a history of providing sustainable yields to its shareholders over the past 25 years and is committed to delivering beneficial returns in any market condition. To do this, Annaly uses investment strategies such as agency mortgage-backed securities, mortgage servicing rights, and residential real estate. They currently have over $12 billion in permanent capital(1).
Annaly Capital Management Inc was established in 1996, by Michael A. J. Farrell and Wellington J. Denahan and it made its debut on the NYSE after completing its first public offering in October 1997. Since then, they have sought to add different types of investments to their portfolio, such as credit businesses that can offset their interest rate-sensitive cash flows. They have been popularly known for conducting the first convertible debt offering, executing the largest non-rated perpetual preferred offering, and completing the first and largest mortgage REIT acquisition in history.
Overall, Annaly Capital Management Inc is a leading real estate investment trust that strives to provide sustainable yields to its shareholders through its diverse investments and strategies. With over $12 billion in permanent capital, they have the capacity to make a positive difference in the mortgage finance market.