New to Annaly Capital Management (NLY) or simply new to mortgage REITs? This article is meant for you. We're going to take the complex concepts and make them simple. We're going to teach you the basics of what you really need to know and compare it with what people think they need to know.
What is Annaly Capital Management?
Annaly Capital Management is the largest mortgage REIT. They primarily own mortgage-backed securities and use leverage to amplify the returns on their portfolio.
The following slide demonstrates their portfolio as of Q2 2020:
Source: NLY
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