NLYANNALY CAPITAL MANAGEMENT INC
Real Estate Investment Trusts
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$982M net debt
- AI in 10-K
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Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired34% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear71% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $2.4B | $1.7B | −$1.6B | $1.0B | $2.1B | 103% |
| Operating cash flow | $3.1B | $5.4B | $2.4B | $3.3B | $693M | 79% |
| Buybacks | $0 | $0 | — | — | — | |
| Dividends | $321M | $412M | $325M | $376M | $495M | 32% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $653K · 1
- Net
- −$653K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $19M | $29M | 128 | 122 |
| FY2024 | $18M | $21M | 91 | 103 |
| FY2023 | $15M | $17M | 85 | 97 |
| FY2022 | $14M | $11M | 81 | 83 |
| FY2021 | $9M | $10M | 103 | 117 |