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Annaly Capital ManagementFRA:AAYA -0.30%24 Return-on-Tangible-Asset is 0.83% as of Mar. 2026, which is 39% below its 10-year median of 1.35. GuruFocus rates FRA:AAYA with a GF Score™ of 24/100. The stock has 9 warning signs investors should review. Among 933 REITs companies, Annaly Capital Management ranks worse than 65.38% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Annaly Capital Management's annualizedNet Income for the quarter that ended in Mar. 2026 was €978 Mil. Annaly Capital Management's average total tangible assets for the quarter that ended in Mar. 2026 was €117,484 Mil. Therefore, Annaly Capital Management's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.83%.
The historical rank and industry rank for Annaly Capital Management's Return-on-Tangible-Asset or its related term are showing as below:
FRA:AAYA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.89 Med: 1.35 Max: 2.91
Current: 1.78
During the past 13 years, Annaly Capital Management's highest Return-on-Tangible-Asset was 2.91%. The lowest was -1.89%. And the median was 1.35%.
FRA:AAYA's Return-on-Tangible-Asset is ranked worse than 65.38% of 933
companies
in the REITs industry
Industry Median: 3.27
vs FRA:AAYA: 1.78
Annaly Capital Management (FRA:AAYA) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Annaly Capital Management Return-on-Tangible-Asset Related Terms
Annaly Capital Management Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Annaly Capital Management's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Annaly Capital Management Return-on-Tangible-Asset Chart
FRA:AAYA vs AGNC, STWD, RITM: Return-on-Tangible-Asset Comparison
For the REIT - Mortgage subindustry, Annaly Capital Management's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Annaly Capital Management Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Annaly Capital Management's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Annaly Capital Management's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.83% mean?
Annaly Capital Management (FRA:AAYA) has a Return-on-Tangible-Asset of 0.83% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Annaly Capital Management and its competitors. This is 39% below median its historical median of 1.35. According to the industry distribution chart, Annaly Capital Management ranks #610 out of 933 companies in the REITs industry, placing it in the top 65.4%.
Is Annaly Capital Management's Return-on-Tangible-Asset too high?
Annaly Capital Management's current Return-on-Tangible-Asset of 0.83% is 39% below median its 10-year median of 1.35. The REITs industry median Return-on-Tangible-Asset is 3.27. Annaly Capital Management's value of 0.83% is 74.6% below this industry median. Based on the distribution chart, Annaly Capital Management ranks #610 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, Annaly Capital Management has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Annaly Capital Management's Return-on-Tangible-Asset compare to AGNC and STWD?
According to the REITs industry distribution chart, Annaly Capital Management ranks #610 out of 933 companies for Return-on-Tangible-Asset. This places Annaly Capital Management in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.27. Annaly Capital Management's value of 0.83% is 74.6% below this benchmark. While the company's 10-year median is 1.35 vs. the industry median of 3.27, Annaly Capital Management has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Annaly Capital Management's current Return-on-Tangible-Asset of 0.83% is 74.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Annaly Capital Management and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Annaly Capital Management's current Return-on-Tangible-Asset is 0.83%, which is 39% below median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Annaly Capital Management stock overvalued right now?
Annaly Capital Management (FRA:AAYA) has a current Return-on-Tangible-Asset of 0.83%. The current Return-on-Tangible-Asset is 0.83%, which is 39% below median its 10-year median of 1.35 and 74.6% below the REITs industry median of 3.27. Annaly Capital Management's overall GF Score™ is 24/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Annaly Capital Management (FRA:AAYA), the current Return-on-Tangible-Asset is 0.83% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Annaly Capital Management Inc is an American mortgage real estate investment trust. Its business objective is to generate net income for distribution to its stockholders and optimize its returns through prudent management of its diversified investment strategies. The company's reportable operating segments are: the Agency segment, which invests in Agency mortgage-backed securities collateralized by residential mortgages; the Residential Credit segment, which invests in non-Agency residential whole loans and securitized products within the residential and commercial markets; the Mortgage Servicing Rights segment; and Corporate & Other. Maximum revenue for the company is generated from its Agency segment.
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