Annaly 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.

Annaly Capital Management, Inc.

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Investment Portfolio at Period End

Investment Portfolio at Period End % Chg.

Average Total Assets

Average Total Assets % Chg.

Average Equity

Average Equity % Chg.

Average Interest Earning Assets

Average Interest Earning Assets % Chg.

Average Interest Bearing Liabilities

Average Interest Bearing Liabilities % Chg.

Average Return on Average Total Assets

Average Return on Average Total Assets % Chg.

Average Return on Average Equity

Average Return on Average Equity % Chg.

Net Interest Margin

Net Interest Margin % Chg.

Average Yield on Interest-Earning Assets

Average Yield on Interest-Earning Assets % Chg.

Average GAAP Cost of Interest-Bearing Liabilities

Average GAAP Cost of Interest-Bearing Liabilities % Chg.

Net Interest Spread

Net Interest Spread % Chg.

Experienced CPR

Experienced CPR % Chg.

Long-Term CPR

Long-Term CPR % Chg.

Economic Leverage Ratio (x)

Economic Leverage Ratio (x) % Chg.

Key Performance Indicators

Key Performance Indicators	LTM	Dec '24	Dec '23
Investment Portfolio at Period End	122,095.3	98,185.7	87,396.5
Average Total Assets	—	96,690.3	88,177.8
Average Equity	—	11,868.2	11,437.6
Average Interest Earning Assets	—	94,000.9	86,305.2
Average Interest Bearing Liabilities	—	85,294.2	74,962.9
Average Return on Average Total Assets	—	1.1%	-1.9%
Average Return on Average Equity	—	8.5%	-14.3%
Net Interest Margin	—	0.3%	-0.1%
Average Yield on Interest-Earning Assets	—	5.2%	4.3%
Average GAAP Cost of Interest-Bearing Liabilities	—	5.4%	5.1%
Net Interest Spread	—	-0.2%	-0.8%
Experienced CPR	—	7.4%	6.5%
Long-Term CPR	10.4%	8.6%	9.4%
Economic Leverage Ratio (x)	5.7	5.5	5.7