Annaly Capital Management NLY

REIT - Specialty, Real Estate

$18.35

+0.05%

Market cap: $13.8B
PE: 4.6×; 10y median 4.6×
Forward PE: n/m; not a meaningful number
Price to sales: n/m; one or more of the four quarters through 2026-06-30 missing
Revenue, 12 months: n/m; one or more of the four quarters through 2026-06-30 missing
Net margin: n/m; one or more of the four quarters through 2026-06-30 missing

Annaly Capital Management trades at 4.6× trailing earnings, near its ten-year median.

Charts

Financials

Income statement for NLY, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
SG&A	$39.9M+5%	$38.9M−10%	$38.6M−6%	$44.9M+5%	$43.9M+10%	$44M+13%	$48.1M+25%	$50M+11%	$50.3M+15%	$51.2M+16%	$52.6M+9%	$58.2M+16%
Interest expense	$1B+161%	$1B+57%	$1.1B+38%	$1.1B+18%	$1.2B+16%	$1.2B+10%	$1.1B−0%	$1.1B+2%	$1.3B+3%	$1.3B+15%	$1.3B+16%	$1.3B+16%
Pre-tax income	−$556.7M+100%	−$389.5M−56%	$464.2M	$3.1M−98%	$76.2M	$483.5M	$138.6M−70%	$60.8M+1863%	$835.2M+996%	$1B+109%	$289M+109%	$834.7M+1273%
	$12.4M	$1.7M	−$943K	$11.9M−16%	−$6.1M	$10.4M+501%	$8.3M	$440K−96%	−$7.8M+28%	−$7.8M	−$1.5M	$6.9M+1468%
Net income	−$562.2M+104%	−$403.7M−55%	$462.9M	−$9.5M	$66.4M	$482.1M	$124.2M−73%	$57.1M	$832.4M+1153%	$1B+110%	$282.7M+128%	$822.7M+1341%
	−$1.21+73%	−$0.88−55%	$0.85	−$0.09	$0.05	$0.78	$0.15−82%	$0.03	$1.20+2300%	$1.40+80%	$0.33+120%	$1.06+3433%
	494.3M+15%	499.9M+7%	501.2M+2%	501M+1%	516.8M+5%	570.8M+14%	588.4M+17%	621.1M+24%	657.9M+27%	695.3M+22%	724.4M+23%	740.3M+19%

EPS, diluted: 10 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 5 periods, Q4 FY08 to Q4 FY23: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 8 periods, Q4 FY12 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY15 and Q4 FY16: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in REIT - Specialty nearest Annaly Capital Management's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
NLYAnnaly Capital Management	$13.8B	4.6×	4.6×	n/m	n/m	n/m
MAAMID America Apartment Communities	$13.9B	35.0×	34.7×	6.3×	+1%	18.2%
OHIOmega Healthcare Investors	$14B	16.7×	25.6×	10.9×	+15%	67.0%
WYWeyerhaeuser	$14B	29.5×	31.5×	2.1×	−3%	6.9%
REGRegency Centers	$13.5B	25.0×	32.5×	8.4×	+8%	34.4%
DOCHealthpeak Properties	$13.3B	55.0×	40.7×	4.5×	+6%	8.2%
WPCW. P. Carey	$14.6B	21.8×	26.7×	8.1×	+9%	36.3%
LAMRLamar Advertising	$15.7B	28.3×	24.4×	6.8×	+4%	23.9%
KIMKimco Realty	$15.8B	27.8×	25.5×	7.2×	+4%	27.8%
ELSEquity Lifestyle Properties	$11.8B	29.5×	43.1×	7.6×	+3%	26.6%
AHRAmerican Healthcare REIT	$11.6B	78.0×	116×	4.9×	+19%	5.2%
Peer median	$14B	28.9×	32.0×	7.0×	+5%	25.2%