Annaly Capital Management, Inc. (NLY): This mREIT Will Soon Dwarf It

Most of the credit for the trust’s growth and success belongs to Kain, a shrewd manager who cut his teeth overseeing billions of dollars in assets at Freddie Mac. When Kain took over the reins at American Capital Agency in 2009, the company had only $2 billion in assets. Kain began building it up to its current robust level by taking advantage of lucrative financing opportunities, and using the insights gained at his former employment to reinvest in and grow the company.

Certainly, the exponential growth experienced by American Capital Agency is unusual, but there seems to be no cause for alarm. The trust still pays out a hefty $1.25 quarterly dividend, even as it approaches the girth of Annaly Capital Management, Inc. (NYSE:NLY) — something that other mREITs must envy. As American Capital Agency continues its inexorable rise, its investors are no doubt happy to go along for the ride.

The article This Mortgage REIT Will Soon Dwarf Annaly originally appeared on Fool.com.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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