Annaly Capital Management Management
Management criteria checks 4/4
Annaly Capital Management's CEO is David Finkelstein, appointed in Mar 2020, has a tenure of 4.92 years. total yearly compensation is $15.33M, comprised of 6.5% salary and 93.5% bonuses, including company stock and options. directly owns 0.044% of the company’s shares, worth $5.41M. The average tenure of the management team and the board of directors is 5 years and 5.6 years respectively.
Key information
David Finkelstein
Chief executive officer
US$15.3m
Total compensation
| CEO salary percentage | 6.5% |
| CEO tenure | 4.9yrs |
| CEO ownership | 0.04% |
| Management average tenure | 5yrs |
| Board average tenure | 5.6yrs |
Recent management updates
Recent updates
My Income Never Stops, 12% Yield: Annaly Capital
Feb 11Annaly Capital: Ultra-High Yield Plus Upside Potential
Feb 05Annaly Capital: I've Completely Changed My Mind (Rating Upgrade)
Jan 30When The Dow Breaks, Annaly Will Fall
Dec 27Annaly Capital: Improved 2025 Outlook As MBS Spread Compression Raises NAV
Dec 18Annaly: 13% Dividend Yield Is Not Enough
Dec 10Annaly Capital: A 13% Yield You Don't Want To Miss
Nov 14A Fat 13% Yield That Can't Be Ignored: Annaly Capital
Nov 07Unlocking Massive 13% Yields By Busting Market Myths: Annaly Capital
Oct 16Annaly: Discounted From Graham P/E, But Overall Picture Remains Mixed
Oct 05Rate Cuts? Time For Income Acceleration With 12.5% Yield: Annaly
Sep 23Annaly Capital: 3 Things That Have To Go Right For You To Make Money
Aug 23Annaly: The Big Money Has Not Yet Been Made (Rating Upgrade)
Aug 16Annaly Capital Management: High-Yield Income Plus A Catalyst
Aug 04Annaly Capital: Solid Dividend Yield Which Trumps Valuation Concerns
Jul 20Annaly Capital Management: Get In Before Rates Come Down
May 14Annaly: Improved Value Proposition (Rating Upgrade)
Apr 27Annaly: 2022 Replay
Apr 10Annaly Capital: Don't Chase This High Yield mREIT Off The Cliff
Mar 18Annaly Capital: Don't Run After This 14% Yield (Rating Downgrade)
Feb 14Annaly: The Real Spread And Why You Should Buy After The Next Cut
Feb 05Paid 13% To Do Nothing: Annaly
Jan 28Annaly's Current Distribution Is Unlikely To Last: Sell Rating
Jan 21Annaly Capital: Set To Rise From Falling Rates
Jan 02mREIT Insanity And The Fat Yield Of 14%: Annaly Capital (Part 2)
Dec 13Annaly Capital Management: Cautiously Optimistic Over This Near 15% Yielder
Nov 27Annaly Capital Management: This 16.6% Yielding Trust Is A Bargain (Upgrade)
Nov 03Annaly Capital Q3: Crash Is King (Rating Upgrade)
Oct 26I Just Bought Annaly Capital, But Not For The 14.8% Yield
Oct 06Annaly Capital's Sector Comparative Analysis - Part 2 (Includes Q4 2023 + Q1 2024 Dividend Projection)
Sep 28Annaly Capital Management: Risk/Reward Is Improving (Upgrade)
Sep 13How Annaly Capital Management Generates Extra Income
Aug 22Annaly: Wait Until After Jackson Hole
Aug 15Annaly Capital Q2 Earnings Review: Upgrading To Buy On Potential Peak Rates
Jul 27Annaly Capital: Broken Model, Downside Is As Low As 70% Of Tangible Book
Jul 03Annaly Capital: Upgrading To Buy
Jun 13Annaly Capital co-founder Wellington Denahan to retire from board
Feb 22Annaly Upcoming Dividend Cut: Not The First, Won't Be The Last
Feb 14Will Annaly Capital Management Q4 earnings beat for a 13th straight time?
Feb 073 Reasons To Be Bearish On Annaly For 2023
Jan 20My Retirement Is Paid For By Your Home: Annaly Capital
Jan 12Annaly Capital: My Top 2023 Dividend Pick
Dec 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$847m |
| Sep 30 2024 | n/a | n/a | -US$37m |
| Jun 30 2024 | n/a | n/a | -US$661m |
| Mar 31 2024 | n/a | n/a | -US$483m |
| Dec 31 2023 | US$15m | US$1m | -US$2b |
| Sep 30 2023 | n/a | n/a | -US$2b |
| Jun 30 2023 | n/a | n/a | -US$2b |
| Mar 31 2023 | n/a | n/a | -US$1b |
| Dec 31 2022 | US$14m | US$1m | US$2b |
| Sep 30 2022 | n/a | n/a | US$3b |
| Jun 30 2022 | n/a | n/a | US$4b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$9m | US$1m | US$2b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$4b |
| Dec 31 2020 | US$13m | US$500k | -US$1b |
Compensation vs Market: David's total compensation ($USD15.33M) is about average for companies of similar size in the US market ($USD12.48M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
CEO
David Finkelstein (51 yo)
4.9yrs
Tenure
US$15,327,300
Compensation
Mr. David L. Finkelstein, C.F.A., serves as Co- Chief Investment Officer of Annaly Capital Management, Inc. since January 2025. He served as its Chief investment officer since November 16, 2022 until 2025....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Co-Chief investment Officer & Director | 4.9yrs | US$15.33m | 0.044% $ 5.4m | |
| COO & President | 4.7yrs | US$5.33m | 0.010% $ 1.3m | |
| Chief Financial Officer | 5.2yrs | US$4.89m | 0.0065% $ 793.2k | |
| Chief Corporate Officer | 7.9yrs | US$4.58m | 0.010% $ 1.3m | |
| Co-Chief Investment Officer & Head of Residential Credit | less than a year | no data | no data | |
| Chief Technology Officer | 1.1yrs | no data | no data | |
| Deputy General Counsel & Chief Compliance Officer | no data | no data | no data | |
| Chief Human Resources Officer | no data | no data | no data | |
| Head of Investment Operations | no data | no data | no data | |
| Chief Risk Officer | 9.1yrs | no data | no data | |
| Head of Corporate Responsibility & Government Relations | 6.4yrs | no data | no data | |
| Head of Mortgage Servicing Rights & Portfolio Analytics | no data | no data | no data |
5.0yrs
Average Tenure
49yo
Average Age
Experienced Management: NLY's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Co-Chief investment Officer & Director | 4.9yrs | US$15.33m | 0.044% $ 5.4m | |
| Independent Chairman of the Board | 16.7yrs | US$397.50k | no data | |
| Independent Director | 11.8yrs | US$282.50k | 0.0038% $ 464.1k | |
| Independent Director | 5.3yrs | US$285.04k | 0.015% $ 1.9m | |
| Independent Director | 10.8yrs | US$295.00k | 0.00058% $ 71.2k | |
| Independent Director | 6yrs | US$310.00k | 0.0016% $ 202.6k | |
| Independent Director | 1.3yrs | US$185.00k | no data | |
| Independent Director | 5.9yrs | US$296.25k | 0.0056% $ 690.1k | |
| Independent Director | 3.9yrs | US$300.00k | 0.0039% $ 481.3k | |
| Independent Director | 1.9yrs | US$275.00k | no data | |
| Independent Director | 7.1yrs | US$295.00k | no data | |
| Independent Director | 1.3yrs | US$185.00k | no data |
5.6yrs
Average Tenure
54yo
Average Age
Experienced Board: NLY's board of directors are considered experienced (5.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/16 10:15 |
| End of Day Share Price | 2025/02/14 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Annaly Capital Management, Inc. is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Terry Ma | Barclays |
| Bruce Harting | Barclays |
| Derek Hewett | BofA Global Research |