Annaly Capital Management (NLY) vs W. P. Carey REIT (WPC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
W. P. Carey REIT (WPC) has outperformed Annaly Capital Management (NLY) over the past year, losing 8.0% versus a loss of 13.0%. Over five years, WPC leads with a -16.8% price change compared with -47.8% for NLY. W. P. Carey REIT is the larger company by market cap ($14.29 billion vs $13.51 billion), about 1.1 times the size.
On valuation, Annaly Capital Management trades at a lower forward P/E (5.8x vs 19.9x for W. P. Carey REIT). Annaly Capital Management offers the higher dividend yield (15.90% vs 5.90%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NLY | WPC |
|---|---|---|
| Share price | $17.93 | $62.73 |
| Market cap | $13.51B | $14.29B |
| 1-day change | -2.66% | -2.00% |
| YTD return | -19.81% | -2.53% |
| 1-year return | -12.96% | -8.03% |
| 5-year return | -47.76% | -16.81% |
| P/E ratio (TTM) | 4.39 | 21.48 |
| Forward P/E | 5.78 | 19.92 |
| EPS (TTM) | $4.08 | $2.92 |
| Dividend yield | 15.90% | 5.90% |
| Annual dividend | $2.85 | $3.70 |
| Revenue (latest FY) | — | $1.72B |
| Revenue growth (YoY) | — | +8.43% |
| Net income (latest FY) | $2.03B | $466.36M |
| Net margin | — | 27.17% |
| 52-week high | $24.52 | $77.22 |
| 52-week low | $17.84 | $62.71 |
| Distance from 52-week high | -26.88% | -18.76% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +33.58% | +24.57% |
| Average volume | 8.76M | 1.40M |
| Shares outstanding | 753.71M | 227.82M |
| Employees | 212 | 199 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- W. P. Carey REIT trades at a higher earnings multiple (21.5x vs 4.4x trailing P/E).
- Annaly Capital Management offers a meaningfully higher dividend yield (15.90% vs 5.90%).
About Annaly Capital Management
NLY stock →Annaly Capital Management, Inc., a diversified capital manager, engages in the residential mortgage finance business. The company invests in agency mortgage-backed securities collateralized by residential mortgages; non-agency residential whole loans and securitized products within the residential and commercial markets; mortgage servicing rights; agency commercial mortgage-backed securities; to-be-announced forward contracts; residential mortgage-backed securities; residential mortgage loans; and agency or private label credit risk transfer securities.
Real Estate · Real Estate Investment Trusts · 212 employees
About W. P. Carey REIT
WPC stock →W. P.
Real Estate · Real Estate Investment Trusts · 199 employees
NLY vs WPC FAQ
Which is bigger, Annaly Capital Management or W. P. Carey REIT?
W. P. Carey REIT (WPC) is larger, with a market capitalization of $14.29B compared with $13.51B for Annaly Capital Management (NLY).
Which stock has performed better over the past year, NLY or WPC?
WPC returned -8.03% over the past 12 months, compared with -12.96% for NLY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NLY or WPC?
NLY has the lower trailing P/E at 4.4, versus 21.5 for WPC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Annaly Capital Management or W. P. Carey REIT?
Annaly Capital Management has the higher yield at 15.90%, compared with 5.90% for W. P. Carey REIT.
Are Annaly Capital Management and W. P. Carey REIT in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.