Name | Value |
---|---|
Revenues | 1,645.5M |
Cost of Revenue | 9.2M |
Gross Profit | 1,636.3M |
Operating Expense | 26.2M |
Operating I/L | 1,126.9M |
Other Income/Expense | -1,123.8M |
Interest Income | 1,177.3M |
Pretax | 3.1M |
Income Tax Expense | 11.9M |
Net Income/Loss | -9.5M |
Annaly Capital Management, Inc. is a diversified capital manager specializing in mortgage finance and corporate middle market lending. The company's investment portfolio includes agency mortgage-backed securities, mortgage servicing rights, commercial mortgage-backed securities, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments. As a real estate investment trust (REIT), it benefits from tax advantages by distributing its taxable income to shareholders, thereby avoiding federal income tax. Founded in 1996, Annaly Capital Management, Inc. generates revenue through its investments in various mortgage and real estate assets.