Annaly Capital Management Inc

Chart & Performance

D1W1MN

Profile

Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. It has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. The company was founded in 1996 and is based in New York, New York.

URL

https://www.annaly.com/

IPO date

Oct 08, 1997

Employees

161

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	(1,398,818) -171.58%	1,954,318 -26.60%	2,662,481 -555.34%
Cost of revenue	(52,568)	183,235	210,650
Unusual Expense (Income)
NOPBT	(1,346,250)	1,771,083	2,451,831
NOPBT Margin	96.24%	90.62%	92.09%
Operating Taxes	39,434	45,571	4,675
Tax Rate		2.57%	0.19%
NOPAT	(1,385,684)	1,725,512	2,447,156
Net income	(1,643,171) -195.24%	1,725,325 -27.81%	2,389,896 -368.60%
Dividends	(1,517,762)	(1,519,249)	(1,359,721)
Dividend yield	15.84%	17.51%	12.17%
Proceeds from repurchase of equity	673,693	662,334	2,397,206
BB yield	-7.03%	-7.63%	-21.46%
Debt
Debt current	500,000	250,000	903,255
Long-term debt	12,710,981	8,802,213	6,214,550
Deferred revenue		70,481,286	63,568,739
Other long-term liabilities		(77,800,373)	(63,578,590)
Net debt	7,585,516	(67,436,320)	(58,469,832)
Cash flow
Cash from operating activities	2,367,203	5,372,411	3,076,839
CAPEX		(1,014,262)	(538,142)
Cash from investing activities	(8,415,890)	(14,527,070)	4,899,279
Cash from financing activities	5,884,121	9,389,283	(7,877,731)
FCF	(3,853,550)	3,302,372	64,829,042
Balance
Cash	1,412,148	1,576,714	1,342,090
Long term investments	4,213,317	74,911,819	64,245,547
Excess cash	5,695,406	76,390,817	65,454,513
Stockholders' equity	(12,327,300)	(11,611,894)	(7,118,507)
Invested Capital	102,517,210	92,222,276	84,775,975
ROIC		1.95%	2.02%
ROCE		2.20%	3.16%
EV
Common stock shares outstanding	494,541	411,622	357,142
Price	19.37 -8.11%	21.08 -32.61%	31.28 -7.46%
Market cap	9,579,265 10.40%	8,676,987 -22.33%	11,171,410 -6.55%
EV	18,790,648	(57,123,781)	(45,736,354)
EBITDA	(1,321,444)	1,791,589	2,476,467
EV/EBITDA
Interest	3,842,965	1,309,735	249,243
Interest/NOPBT		73.95%	10.17%