Risk factors

Annaly Capital Management (NLY) risk factors

Item 1A of every Annaly Capital Management Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2025 10-K risk factors
    87 risks2 new2 dropped8 reworded

    Added financing availability and ESG regulatory compliance as new risk factors affecting operations. Updated Federal Reserve Agency mortgage-backed securities holdings figure from $2.3 trillion to $2.0 trillion.

    Filed Feb 12, 2026
  • FY2024 10-K risk factors
    87 risks

    Annaly Capital faces risks primarily centered on high leverage, margin calls, and complex interest rate hedging strategies. REIT tax compliance and evolving government regulations on mortgage-backed securities heavily impact business operations. Strict capitalization limits and counterparty dependencies dictate liquidity management and profitability.

    Filed Feb 13, 2025