Name | Value |
---|---|
Revenues | 209.3M |
Cost of Revenue | 7.0M |
Gross Profit | 202.3M |
Operating Expense | 12.3M |
Operating I/L | 175.5M |
Other Income/Expense | 48.1M |
Interest Income | 921.5M |
Pretax | 175.5M |
Income Tax Expense | 14.3M |
Net Income/Loss | 131.3M |
Annaly Capital Management, Inc. is a diversified capital manager specializing in mortgage finance and corporate middle market lending. The company generates revenue through investments in agency mortgage-backed securities, mortgage servicing rights, commercial mortgage-backed securities, residential mortgage assets, credit risk transfer securities, corporate debts, and commercial real estate. As a real estate investment trust (REIT), it is exempt from federal income tax if it distributes its taxable income to shareholders. Founded in 1996, Annaly Capital Management, Inc. operates as a REIT, focusing on mortgage and real estate-related investments to drive its financial performance.