8-K Announcements
6Material company update
Apr 21, 2026·SEC
Material company update
Apr 21, 2026·SEC
Material company update
Apr 21, 2026·SEC
Annaly Capital Management, Inc.(NLY)Earnings, Financials & Key Ratios
NLY•NYSE•REIT / Real Estate
7.6× P/E·Price updated Jun 19, 2026
AboutAnnaly 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.Show more
- Revenue$6.7B+5.4%
- FFO$2.03B+96.7%
- FFO/Share3.17+60.4%
- FFO Payout92.72%-35.9%
- FFO per Share3.17+60.4%
- NOI Margin99.92%+0.9%
- FFO Margin30.32%+86.7%
- ROE14.05%+68.6%
- ROA1.7%+66.5%
NLY Key Insights
Annaly Capital Management, Inc. (NLY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FFO growing 100.2% TTM
- ✓High NOI margin of 99.9%
- ✓Trading at only 0.9x book value
✗Weaknesses
- ✗High debt to equity ratio of 6.9x
- ✗Weak 3Y average ROE of 2.6%
- ✗Shares diluted 22.6% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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NLY Price & Volume
Annaly Capital Management, Inc. (NLY) stock price & volume — 10-year historical chart
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NLY Growth Metrics
Annaly Capital Management, Inc. (NLY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years17.05%
5 Years35.16%
3 Years17.29%
TTM5.35%
Profit CAGR
10 Years15.82%
5 Years-
3 Years5.52%
TTM102.34%
EPS CAGR
10 Years5.68%
5 Years-
3 Years-9.35%
TTM75.53%
Return on Capital
10 Years6.5%
5 Years12.16%
3 Years11.83%
Last Year19.75%
NLY Recent Earnings
Annaly Capital Management, Inc. (NLY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 5/12 qtrs (45%)
Q2 2026Latest
Apr 21, 2026Metric
Actual
Est
EPS
$0.33-55.4%
$0.74
Rev
$1.6B+173.9%
$595M
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$0.74+2.8%
$0.72
Rev
$1.1B+52.2%
$697M
Q4 2025
Oct 22, 2025Metric
Actual
Est
EPS
$0.73+1.4%
$0.72
Rev
$2.2B+288.8%
$555M
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$0.73+1.4%
$0.72
Rev
$1.8B+262.5%
$494M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $0.33vs $0.74-55.4% | $1.6Bvs $595M+173.9% |
| Q1 2026 | Jan 28, 2026 | $0.74vs $0.72+2.8% | $1.1Bvs $697M+52.2% |
| Q4 2025 | Oct 22, 2025 | $0.73vs $0.72+1.4% | $2.2Bvs $555M+288.8% |
| Q3 2025 | Jul 23, 2025 | $0.73vs $0.72+1.4% | $1.8Bvs $494M+262.5% |
Based on last 12 quarters of dataView full earnings history →
NLY Peer Comparison
Annaly Capital Management, Inc. (NLY) competitors in Diversified mortgage and specialty finance REITs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AGNC | 11.66B | 10.38 | 7.06 | -60.79% | 87.02% | 15.1% | 0.01 | |
 TWO | 1.29B | 12.32 | -2.83 | -28.4% | -44.82% | -19.11% | 4.79 | |
 MFA | 972.95M | 9.53 | 5.67 | 213.02% | 20.7% | 7.43% | 6.01 | |
 RITM | 5.13B | 9.19 | 8.84 | 19.99% | 12.27% | 7.87% | 4.28 | |
 IVR | 574.68M | 8.00 | 5.23 | -24.6% | 30.19% | 13.34% | 7.05 | |
 DX | 1.98B | 13.06 | 5.29 | 67.76% | 59.8% | 17.19% | 5.65 | |
 ARR | 2.08B | 16.76 | 5.08 | 444.08% | 24.22% | 11.47% | 7.94 | |
 PMT | 891.92M | 10.25 | 10.35 | 103.82% | 13.83% | 7.06% | 10.12 |
Compare NLY vs Peers
Annaly Capital Management, Inc. (NLY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NLY Income Statement
Annaly Capital Management, Inc. (NLY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 2.35B | 2.08B | 1.81B | 1.48B | 751.4M | 4.15B | 5.61B | 6.36B | 6.7B |
Revenue Growth % | 17.99% | -11.55% | -12.75% | -18.19% | -49.38% | 452.3% | 35.13% | 13.33% | 5.35% |
Property Operating Expenses | 53.1M | 36.2M | 47.4M | 45.4M | 49.27M | 41.01M | 49.61M | 60.71M | 5.38M |
Net Operating Income (NOI) | 2.3B▲ 0% | 2.04B▼ 11.1% | 1.77B▼ 13.5% | 1.44B▼ 18.6% | 702.13M▼ 51.2% | 4.11B▲ 485.2% | 5.56B▲ 35.3% | 6.29B▲ 13.2% | 6.69B▲ 6.3% |
NOI Margin % | 97.74% | 98.26% | 97.39% | 96.94% | 93.44% | 99.01% | 99.12% | 99.04% | 99.92% |
Operating Expenses | 721.94M | 1.89B | 1.16B | 1.46B | -2.23B | 986.97M | 3.31B | 675.3M | -178.38M |
G&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EBITDA | 1.6B | 172.67M | 634.65M | 3.62M | 2.95B | 3.14B | 2.27B | 5.65B | 6.87B |
EBITDA Margin % | 68.16% | 8.3% | 34.98% | 0.24% | 393.05% | 75.72% | 40.46% | 88.9% | 102.62% |
Depreciation & Amortization | 26.55M | 18.1M | 23.7M | 22.7M | 24.64M | 20.51M | 24.81M | 30.36M | 2.69M |
D&A / Revenue % | 1.13% | 0.87% | 1.31% | 1.53% | 3.28% | 0.49% | 0.44% | 0.48% | 0.04% |
Operating Income | 1.58B▲ 0% | 154.57M▼ 90.2% | 610.95M▲ 295.2% | -19.08M▼ 103.1% | 2.93B▲ 15447.5% | 3.12B▲ 6.6% | 2.24B▼ 28.1% | 5.62B▲ 150.4% | 6.87B▲ 22.2% |
Operating Margin % | 67.03% | 7.43% | 33.67% | -1.29% | 389.77% | 75.23% | 40.01% | 88.42% | 102.58% |
Interest Expense | 1.01B | 1.9B | 2.78B | 899.11M | 249.24M | 1.31B | 3.84B | 4.59B | 4.82B |
Interest Coverage | 2.56x | 1.03x | 0.22x | -0.02x | 10.63x | 2.35x | 0.58x | 1.22x | 1.42x |
Non-Operating Income | -1.01B | -1.8B | 0 | 0 | 278.56M | 40.26M | 0 | 0 | 0 |
Pretax Income | 1.58B▲ 0% | 51.77M▼ 96.7% | -2.17B▼ 4299.0% | -918.2M▲ 57.8% | 2.4B▲ 361.5% | 1.77B▼ 26.2% | -1.6B▼ 190.2% | 1.03B▲ 164.2% | 2.04B▲ 99.1% |
Pretax Margin % | 67.03% | 2.49% | -119.81% | -61.85% | 319.53% | 42.7% | -28.51% | 16.16% | 30.54% |
Income Tax | 6.98M | -2.38M | -10.84M | -28.42M | 4.67M | 45.57M | 39.43M | 15.26M | -6.87M |
Effective Tax Rate % | 0.44% | -4.59% | 0.5% | 3.1% | 0.19% | 2.57% | -2.47% | 1.49% | -0.34% |
Net Income | 1.57B▲ 0% | 54.41M▼ 96.5% | -2.16B▼ 4075.3% | -891.16M▲ 58.8% | 2.39B▲ 368.2% | 1.73B▼ 27.8% | -1.64B▼ 195.2% | 1B▲ 161.0% | 2.03B▲ 102.3% |
Net Margin % | 66.76% | 2.62% | -119.2% | -60.03% | 318.06% | 41.57% | -29.3% | 15.76% | 30.28% |
Net Income Growth % | 9.47% | -96.53% | -4075.27% | 58.8% | 368.18% | -27.81% | -195.24% | 160.97% | 102.34% |
Funds From Operations (FFO) | 1.6B▲ 0% | 72.51M▼ 95.5% | -2.14B▼ 3050.2% | -868.46M▲ 59.4% | 2.41B▲ 378.0% | 1.75B▼ 27.7% | -1.62B▼ 192.7% | 1.03B▲ 163.8% | 2.03B▲ 96.7% |
FFO Margin % | 67.89% | 3.49% | -117.89% | -58.5% | 321.34% | 42.07% | -28.86% | 16.24% | 30.32% |
FFO Growth % | 8.69% | -95.46% | -3050.25% | 59.4% | 378.02% | -27.69% | -192.7% | 163.78% | 96.65% |
FFO per Share | 5.99 | 0.24 | -5.96 | -2.46 | 6.76 | 4.24 | -3.27 | 1.97 | 3.17 |
FFO Payout Ratio % | 84.78% | 2125.13% | -78.96% | 0% | 56.31% | 87.02% | -93.78% | 144.7% | 92.72% |
EPS (Diluted) | 5.48▲ 0% | -0.25▼ 104.5% | -6.41▼ 2487.8% | -2.92▲ 54.4% | 6.39▲ 318.8% | 3.92▼ 38.7% | -3.61▼ 192.1% | 1.62▲ 144.9% | 2.92▲ 80.2% |
EPS Growth % | -1.44% | -104.52% | -2487.81% | 54.45% | 318.84% | -38.65% | -192.09% | 144.88% | 80.25% |
EPS (Basic) | 5.48 | -0.25 | -6.41 | -2.92 | 6.40 | 3.93 | -3.61 | 1.62 | 2.92 |
Diluted Shares Outstanding | 266.59M | 302.4M | 358.73M | 353.66M | 357.14M | 411.62M | 494.54M | 522.75M | 641.04M |
NLY Balance Sheet
Annaly Capital Management, Inc. (NLY) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 101.76B | 105.79B | 130.3B | 88.46B | 76.76B | 81.85B | 93.23B | 103.56B | 135.61B |
Asset Growth % | 15.76% | 3.96% | 23.17% | -32.11% | -13.22% | 6.63% | 13.9% | 11.08% | 30.95% |
Real Estate & Other Assets | 95.21B | -96.02B | -119.71B | -241.4M | 66.98B | -6.21B | -4.57B | -2.52B | -128.49B |
PP&E (Net) | 580.86M | -105.79B | 15.79M | 13.17M | 0 | 0 | 0 | 0 | 0 |
Investment Securities | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 324.76M | 426.14M | 2.31B | 0 | 1.58B | 0 | 0 | 0 | 2.96B |
Cash & Equivalents | 706.59M | 1.74B | 1.85B | 1.24B | 119.58M | 152.55M | 275.85M | 285.15M | 2.04B |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 0 | 0 | 0 | -1.53B | 1.22B | -1.36B | -8.42B | -5.62B | -1.03M |
Intangible Assets | 604.08M | 557.81M | 378.08M | 0 | 638.12M | 1.08B | 353.02M | 458.3M | 0 |
Total Liabilities | 86.89B | 91.67B | 114.5B | 74.43B | 63.57B | 70.48B | 81.88B | 90.86B | 119.45B |
Total Debt | 7.12B | 8.04B | 10.56B | 71.88B | 7.11B | 8.8B | 13.2B | 21.45B | 111.86B |
Net Debt | 6.41B | 6.31B | 8.71B | 70.64B | 6.99B | 8.64B | 12.93B | 21.16B | 109.82B |
Long-Term Debt | 84.82B | 89.14B | 10.56B | 7B | 6.2B | 8.55B | 12.7B | 20.7B | 29.99B |
Short-Term Borrowings | 0 | 0 | 0 | 64.87B | 903.25M | 250M | 500M | 750M | 81.87B |
Capital Lease Obligations | 0 | 0 | 0 | 13.27M | 9.85M | 7.2M | 3.4M | 25.49M | 32.87M |
Total Current Liabilities | 460.84M | 1.15B | 939.72M | 0 | 54.77B | 61.66B | 68.7B | 0 | 84.8B |
Accounts Payable | 253.07M | 583.04M | 463.39M | 0 | 91.18M | 325.28M | 287.94M | 268.32M | 2.06B |
Deferred Revenue | -94.49B | -100.21B | -102.3B | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | -84.82B | -89.14B | -10.56B | -7.01B | 1.13B | 278.44M | 481.3M | 301.86M | 4.66B |
Total Equity | 14.87B▲ 0% | 14.12B▼ 5.1% | 15.8B▲ 11.9% | 14.02B▼ 11.2% | 13.2B▼ 5.9% | 11.37B▼ 13.8% | 11.35B▼ 0.2% | 12.7B▲ 11.9% | 16.16B▲ 27.3% |
Equity Growth % | 18.25% | -5.07% | 11.89% | -11.23% | -5.89% | -13.84% | -0.21% | 11.92% | 27.27% |
Shareholders Equity | 14.87B | 14.11B | 15.79B | 14.01B | 13.17B | 11.27B | 11.26B | 12.61B | 16.09B |
Minority Interest | 6.1M | 5.69M | 4.33M | 13.48M | 25.5M | 98.98M | 89.3M | 87.71M | 69.14M |
Common Stock | 11.6M | 13.14M | 14.3M | 13.98M | 3.65M | 4.68M | 5M | 5.78M | 7.07M |
Additional Paid-in Capital | 17.22B | 18.79B | 19.97B | 19.75B | 20.32B | 22.98B | 23.67B | 25.26B | 27.93B |
Retained Earnings | -2.96B | -4.49B | -8.31B | -10.67B | -9.65B | -9.54B | -12.62B | -13.17B | -13.16B |
Preferred Stock | 1.72B | 1.78B | 1.98B | 1.54B | 1.54B | 1.54B | 1.54B | 1.54B | 1.8B |
Return on Assets (ROA) | 1.66% | 0.05% | -1.83% | -0.81% | 2.89% | 2.18% | -1.88% | 1.02% | 1.7% |
Return on Equity (ROE) | 11.44% | 0.38% | -14.46% | -5.98% | 17.56% | 14.05% | -14.47% | 8.33% | 14.05% |
Debt / Assets | 7% | 7.6% | 8.11% | 81.26% | 9.26% | 10.75% | 14.16% | 20.71% | 82.49% |
Debt / Equity | 0.48x | 0.57x | 0.67x | 5.13x | 0.54x | 0.77x | 1.16x | 1.69x | 6.92x |
Net Debt / EBITDA | 4.00x | 36.52x | 13.73x | 19528.62x | 2.37x | 2.75x | 5.70x | 3.75x | 15.98x |
Book Value per Share | 55.78 | 46.69 | 44.03 | 39.65 | 36.95 | 27.62 | 22.94 | 24.29 | 25.21 |
NLY Cash Flow Statement
Annaly Capital Management, Inc. (NLY) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 6.93B | 2.62B | -1.2B | 535.56M | 3.08B | 5.37B | 2.37B | 3.31B | 692.91M |
Operating CF Growth % | 1.11% | -62.18% | -145.75% | 144.65% | 474.51% | 74.61% | -55.94% | 39.86% | -79.07% |
Operating CF / Revenue % | 294.86% | 126.08% | -66.11% | 36.08% | 409.48% | 129.46% | 42.21% | 52.09% | 10.35% |
Net Income | 1.57B | 54.15M | -2.16B | -891.16M | 2.4B | 1.73B | -1.64B | 1.01B | 2.03B |
Depreciation & Amortization | 26.55M | 72.36M | 31.56M | 22.7M | 24.64M | 20.51M | 24.81M | 30.36M | 280.68M |
Stock-Based Compensation | 1.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 5.17B | 2.31B | 1.12B | 1.31B | 689.82M | 3.85B | 4.68B | 2.12B | -1.73B |
Working Capital Changes | 27.49M | 188.9M | -188.59M | 92.01M | -33.9M | -223.07M | -694.48M | 148.43M | 112.4M |
Cash from Investing | -14.67B | -908.42M | -20.64B | 40.35B | 4.9B | -14.53B | -8.42B | -14.98B | -27.36B |
Acquisitions (Net) | 5.45M | -258.33M | 0 | 6.26M | 1.12B | 0 | 0 | 0 | 0 |
Purchase of Investments | -102.35M | -45.44B | -64.09B | -91.48B | -22.34B | -45.47B | -41.04B | -32.21B | -40.75B |
Sale of Investments | 226.59M | 33.41B | 25.71B | 131.24B | 30.42B | 34.6B | 37.41B | 27.94B | 17.17B |
Other Investing | -14.78B | 11.38B | 17.75B | 589.21M | -3.76B | -2.64B | -4.4B | -9.85B | -3.79B |
Cash from Financing | 12.2B | -684.44M | 21.96B | -41.49B | -7.88B | 9.39B | 5.88B | 11.75B | 27.22B |
Dividends Paid | -1.35B | -1.54B | -1.69B | -1.48B | -1.36B | -1.52B | -1.52B | -1.49B | -1.88B |
Common Dividends | -1.35B | -1.54B | -1.69B | 0 | -1.36B | -1.52B | -1.52B | -1.49B | -1.88B |
Debt Issuance (Net) | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Share Repurchases | -185.31M | -412.5M | -223.57M | -669.42M | 0 | 0 | 0 | -6.16M | -14.18M |
Other Financing | -3.16M | 1.32B | 20.88B | 39.92M | -10.08B | 4.16B | 2.91B | 3.72B | 2.85B |
Net Change in Cash | -833.16M▲ 0% | 1.03B▲ 223.5% | 114.98M▼ 88.8% | -607.03M▼ 627.9% | 98.39M▲ 116.2% | 234.62M▲ 138.5% | -164.57M▼ 170.1% | 75.88M▲ 146.1% | 549.81M▲ 624.6% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 1.54B | 706.59M | 1.74B | 1.85B | 1.24B | 1.34B | 1.58B | 1.41B | 1.49B |
Cash at End | 706.59M | 1.74B | 1.85B | 1.24B | 1.34B | 1.58B | 1.41B | 1.49B | 2.04B |
Free Cash Flow | 6.92B▲ 0% | 2.62B▼ 62.1% | -1.2B▼ 145.8% | 535.56M▲ 144.6% | 2.54B▲ 374.0% | 4.36B▲ 71.7% | 1.97B▼ 54.8% | 2.45B▲ 24.2% | -222.16M▼ 109.1% |
FCF Growth % | 3.58% | -62.12% | -145.76% | 144.65% | 374.03% | 71.67% | -54.79% | 24.22% | -109.08% |
FCF / Revenue % | 294.37% | 126.06% | -66.11% | 36.08% | 337.86% | 105.02% | 35.14% | 38.51% | -3.32% |
NLY Key Ratios
Annaly Capital Management, Inc. (NLY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 6.06 | 5.99 | 0.24 | -5.96 | -2.46 | 6.76 | 4.24 | -3.27 | 1.97 | 3.17 |
FFO Payout Ratio | 83.14% | 84.78% | 2125.13% | -78.96% | 0% | 56.31% | 87.02% | -93.78% | 144.7% | 92.72% |
NOI Margin | 96.51% | 97.74% | 98.26% | 97.39% | 96.94% | 93.44% | 99.01% | 99.12% | 99.04% | 99.92% |
Net Debt / EBITDA | 4.18x | 4.00x | 36.52x | 13.73x | 19528.62x | 2.37x | 2.75x | 5.70x | 3.75x | 15.98x |
Debt / Assets | 8.95% | 7% | 7.6% | 8.11% | 81.26% | 9.26% | 10.75% | 14.16% | 20.71% | 82.49% |
Interest Coverage | 3.18x | 2.56x | 1.03x | 0.22x | -0.02x | 10.63x | 2.35x | 0.58x | 1.22x | 1.42x |
Book Value / Share | 51.85 | 55.78 | 46.69 | 44.03 | 39.65 | 36.95 | 27.62 | 22.94 | 24.29 | 25.21 |
Revenue Growth | 43.7% | 17.99% | -11.55% | -12.75% | -18.19% | -49.38% | 452.3% | 35.13% | 13.33% | 5.35% |
Related:NLY Dividend History·NLY Revenue History·NLY Price History·NLY P/E History·NLY Financial Ratios·NLY Institutional Holders
NLY SEC Filings & Documents
Annaly Capital Management, Inc. (NLY) SEC filings — annual & quarterly reports (10-K, 10-Q)
NLY Frequently Asked Questions
Annaly Capital Management, Inc. (NLY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Annaly Capital Management, Inc. (NLY) reported $6.70B in revenue for fiscal year 2025. This represents a 117363% increase from $5.7M in 1997.
Annaly Capital Management, Inc. (NLY) grew revenue by 5.4% over the past year. This is steady growth.
Yes, Annaly Capital Management, Inc. (NLY) is profitable, generating $2.03B in net income for fiscal year 2025 (30.3% net margin).
Dividend & Returns
Yes, Annaly Capital Management, Inc. (NLY) pays a dividend with a yield of 13.22%. This makes it attractive for income-focused investors.
Annaly Capital Management, Inc. (NLY) has a return on equity (ROE) of 14.1%. This is reasonable for most industries.
Industry Metrics
Annaly Capital Management, Inc. (NLY) generated Funds From Operations (FFO) of $2.05B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Annaly Capital Management, Inc. (NLY) offers a 13.22% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.