Annaly Capital Management, Inc. is one of the largest mortgage real estate investment trusts . It is organized in Maryland with its principal office in New York City .
5-578: NLY or NLy may refer to: Annaly Capital Management (NYSE: NLY ) Niki airline (ICAO code: NLY ) Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title NLY . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=NLY&oldid=933018996 " Category : Disambiguation pages Hidden categories: Short description
10-440: Is different from Wikidata All article disambiguation pages All disambiguation pages Annaly Capital Management The company borrows money, primarily via short term repurchase agreements , and reinvests the proceeds in asset-backed securities . As of December 31, 2023, 88% of the company's assets were mortgage-backed securities issued by either Fannie Mae or Freddie Mac . The company generates profits from
15-487: The net interest spread between the interest earned from its assets and its borrowing costs, which is amplified from the use of leverage . As of December 31, 2019, the company had a GAAP leverage ratio of 6.8:1. As of December 31, 2023, the weighted average days to maturity of its repurchase agreements was 44 days. The company is ranked 857th on the Fortune 1000 . The company is named after Annaly , Ireland , which
20-476: Was diagnosed with cancer; Farrell died that month. In 2013, the company acquired CreXus Investment for $ 996 million. Effective September 30, 2015, Kevin Keyes was named CEO of the company. In 2016, the company acquired Hatteras Financial for $ 1.5 billion in cash and stock. In 2017, the company sold its Pingora servicing subsidiary. In March 2020, David L. Finkelstein was named Chief Executive Officer and
25-492: Was ruled by the ancestors of the company's founder. Annaly Capital Management was founded in 1997 by Michael A.J. Farrell (1951-2012) and Wellington Denahan. Mike Farrell spent 26 years working for investment banks including E.F. Hutton & Co. , Morgan Stanley , and Merrill Lynch . In 2004, the company acquired Fixed Income Discount Advisory, an investment adviser, for $ 40.5 million in stock. In October 2012, co-founder Wellington Denahan became CEO after Michael Farrell
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