Annaly Capital Management is a real estate investment trust firm that is externally managed by Annaly Management Company LLC. The business is headquartered in New York City and is traded publicly on the New York Stock Exchange, using the ticker symbol NLY.
Through their borrowed funds and self amassed capital, the business continues to invest in real estate related investments. In addition to investing in different types of agency mortgage-backed securities, the business is also engaged in financing, managing and acquiring other commercial real estate debt, commercial mortgage loans and commercial real estate-related assets. In addition to its commercial interests, the company also acquires residential mortgage loans and provides financing services to residential mortgage originators.
As a REIT, Annaly remains to be free from any federal tax obligations given that it continues to share at least 90% of its earned revenue. It was in 1996 that the company started its operations. Today, it has 5 reporting segments, namely RCap Securities, Annaly, Annaly Commercial Real Estate Group, Inc., Shannon Funding, LLC, Fixed Income Discount Advisory Company and Annaly Middle Market Lending.