Name | Value |
---|---|
Revenues | 527.5M |
Cost of Revenue | 0.7M |
Gross Profit | 527.5M |
Operating Expense | 527.5M |
Operating I/L | 2,192.3M |
Other Income/Expense | -1,708.9M |
Interest Income | 1,338.9M |
Pretax | 483.5M |
Income Tax Expense | 10.4M |
Net Income/Loss | 482.1M |
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.