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AMT vs. NLY: A Head-to-Head Stock Comparison

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Here’s a clear look at AMT and NLY, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

AMT’s market capitalization of 103.81 billion USD is substantially larger than NLY’s 11.79 billion USD, indicating a significant difference in their market valuations.

NLY carries a higher beta at 1.30, indicating it’s more sensitive to market moves, while AMT (beta: 0.83) exhibits greater stability.

SymbolAMTNLY
Company NameAmerican Tower CorporationAnnaly Capital Management, Inc.
CountryUSUS
SectorReal EstateReal Estate
IndustryREIT - SpecialtyREIT - Mortgage
CEOSteven O. VondranDavid L. Finkelstein
Price221.75 USD19.49 USD
Market Cap103.81 billion USD11.79 billion USD
Beta0.831.30
ExchangeNYSENYSE
IPO DateFebruary 27, 1998October 8, 1997
ADRNoNo

Historical Performance

This chart compares the performance of AMT and NLY by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

AMT vs. NLY: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

AMT

50.68%

REIT - Specialty Industry

Max
37.06%
Q3
18.93%
Median
6.30%
Q1
-0.13%
Min
-15.30%

Return on Equity is often not a primary performance indicator in the REIT - Specialty industry.

NLY

5.39%

REIT - Mortgage Industry

Max
12.70%
Q3
7.37%
Median
5.39%
Q1
2.17%
Min
-2.11%

NLY’s Return on Equity of 5.39% is on par with the norm for the REIT - Mortgage industry, indicating its profitability relative to shareholder equity is typical for the sector.

AMT vs. NLY: A comparison of their ROE against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Return on Invested Capital

AMT

7.12%

REIT - Specialty Industry

Max
13.73%
Q3
9.56%
Median
7.01%
Q1
4.47%
Min
3.05%

Return on Invested Capital is often not a primary measure of capital efficiency in the REIT - Specialty industry.

NLY

101.77%

REIT - Mortgage Industry

Max
101.77%
Q3
58.98%
Median
12.80%
Q1
0.05%
Min
-60.52%

Return on Invested Capital is often not a primary measure of capital efficiency in the REIT - Mortgage industry.

AMT vs. NLY: A comparison of their ROIC against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Net Profit Margin

AMT

17.34%

REIT - Specialty Industry

Max
50.00%
Q3
26.13%
Median
14.60%
Q1
4.75%
Min
1.95%

In the REIT - Specialty industry, Net Profit Margin is often not the primary profitability metric.

NLY

10.55%

REIT - Mortgage Industry

Max
72.17%
Q3
41.09%
Median
13.11%
Q1
-0.02%
Min
-57.90%

NLY’s Net Profit Margin of 10.55% is aligned with the median group of its peers in the REIT - Mortgage industry. This indicates its ability to convert revenue into profit is typical for the sector.

AMT vs. NLY: A comparison of their Net Profit Margin against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Operating Profit Margin

AMT

45.66%

REIT - Specialty Industry

Max
73.20%
Q3
47.39%
Median
32.80%
Q1
16.51%
Min
8.59%

In the REIT - Specialty industry, Operating Profit Margin is often not the primary measure of operational efficiency.

NLY

60.02%

REIT - Mortgage Industry

Max
148.75%
Q3
52.15%
Median
28.62%
Q1
-45.10%
Min
-135.41%

An Operating Profit Margin of 60.02% places NLY in the upper quartile for the REIT - Mortgage industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

AMT vs. NLY: A comparison of their Operating Margin against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Profitability at a Glance

SymbolAMTNLY
Return on Equity (TTM)50.68%5.39%
Return on Assets (TTM)2.94%0.63%
Return on Invested Capital (TTM)7.12%101.77%
Net Profit Margin (TTM)17.34%10.55%
Operating Profit Margin (TTM)45.66%60.02%
Gross Profit Margin (TTM)68.44%34.39%

Financial Strength

Current Ratio

AMT

0.55

REIT - Specialty Industry

Max
4.07
Q3
2.38
Median
1.43
Q1
0.59
Min
0.19

For the REIT - Specialty industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

NLY

--

REIT - Mortgage Industry

Max
20.03
Q3
20.03
Median
1.05
Q1
0.07
Min
0.03

For the REIT - Mortgage industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

AMT vs. NLY: A comparison of their Current Ratio against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Debt-to-Equity Ratio

AMT

12.56

REIT - Specialty Industry

Max
2.76
Q3
1.56
Median
1.11
Q1
0.55
Min
0.42

With a Debt-to-Equity Ratio of 12.56, AMT operates with exceptionally high leverage compared to the REIT - Specialty industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

NLY

1.88

REIT - Mortgage Industry

Max
5.93
Q3
4.11
Median
3.19
Q1
1.81
Min
0.10

NLY’s Debt-to-Equity Ratio of 1.88 is typical for the REIT - Mortgage industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

AMT vs. NLY: A comparison of their D/E Ratio against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Interest Coverage Ratio

AMT

3.51

REIT - Specialty Industry

Max
3.62
Q3
3.44
Median
3.01
Q1
2.44
Min
1.17

AMT’s Interest Coverage Ratio of 3.51 is in the upper quartile for the REIT - Specialty industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

NLY

0.82

REIT - Mortgage Industry

Max
1.07
Q3
0.71
Median
0.30
Q1
-0.21
Min
-0.35

NLY’s Interest Coverage Ratio of 0.82 is a critical concern. A value below 1.0 means operating earnings are insufficient to cover interest expenses, indicating severe financial strain and high default risk.

AMT vs. NLY: A comparison of their Interest Coverage against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Financial Strength at a Glance

SymbolAMTNLY
Current Ratio (TTM)0.55--
Quick Ratio (TTM)0.55--
Debt-to-Equity Ratio (TTM)12.561.88
Debt-to-Asset Ratio (TTM)0.720.23
Net Debt-to-EBITDA Ratio (TTM)5.685.80
Interest Coverage Ratio (TTM)3.510.82

Growth

The following charts compare key year-over-year (YoY) growth metrics for AMT and NLY. These metrics are based on the companies’ annual financial reports.

Revenue Growth

AMT vs. NLY: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

AMT vs. NLY: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

AMT vs. NLY: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

AMT

2.99%

REIT - Specialty Industry

Max
13.18%
Q3
6.30%
Median
4.63%
Q1
2.61%
Min
0.00%

AMT’s Dividend Yield of 2.99% is consistent with its peers in the REIT - Specialty industry, providing a dividend return that is standard for its sector.

NLY

13.85%

REIT - Mortgage Industry

Max
20.56%
Q3
14.95%
Median
12.50%
Q1
10.34%
Min
3.46%

NLY’s Dividend Yield of 13.85% is consistent with its peers in the REIT - Mortgage industry, providing a dividend return that is standard for its sector.

AMT vs. NLY: A comparison of their Dividend Yield against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Dividend Payout Ratio

AMT

124.45%

REIT - Specialty Industry

Max
667.77%
Q3
177.73%
Median
119.02%
Q1
86.06%
Min
0.14%

AMT’s Dividend Payout Ratio of 124.45% is above 100%. This means the company is paying out more in dividends than it earned, a practice that is often unsustainable and could indicate a risk to future dividend stability.

NLY

232.90%

REIT - Mortgage Industry

Max
1,680.28%
Q3
262.99%
Median
171.52%
Q1
119.25%
Min
83.21%

NLY’s Dividend Payout Ratio of 232.90% is above 100%. This means the company is paying out more in dividends than it earned, a practice that is often unsustainable and could indicate a risk to future dividend stability.

AMT vs. NLY: A comparison of their Payout Ratio against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Dividend at a Glance

SymbolAMTNLY
Dividend Yield (TTM)2.99%13.85%
Dividend Payout Ratio (TTM)124.45%232.90%

Valuation

Price-to-Earnings Ratio

AMT

56.78

REIT - Specialty Industry

Max
82.59
Q3
54.68
Median
29.28
Q1
15.94
Min
8.64

The P/E Ratio is often not the primary metric for valuation in the REIT - Specialty industry.

NLY

17.25

REIT - Mortgage Industry

Max
23.03
Q3
19.03
Median
15.87
Q1
8.43
Min
5.35

NLY’s P/E Ratio of 17.25 is within the middle range for the REIT - Mortgage industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

AMT vs. NLY: A comparison of their P/E Ratio against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Forward P/E to Growth Ratio

AMT

4.98

REIT - Specialty Industry

Max
12.06
Q3
5.37
Median
2.44
Q1
0.82
Min
0.51

The Forward PEG Ratio is often not a primary valuation metric in the REIT - Specialty industry.

NLY

13.03

REIT - Mortgage Industry

Max
3.93
Q3
3.21
Median
1.58
Q1
0.72
Min
0.40

NLY’s Forward PEG Ratio of 13.03 is exceptionally high for the REIT - Mortgage industry. This suggests its stock price is very high relative to its expected earnings growth, signaling significant overvaluation risk.

AMT vs. NLY: A comparison of their Forward PEG Ratio against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Price-to-Sales Ratio

AMT

9.86

REIT - Specialty Industry

Max
9.68
Q3
8.45
Median
5.59
Q1
2.71
Min
0.89

With a P/S Ratio of 9.86, AMT trades at a valuation that eclipses even the highest in the REIT - Specialty industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

NLY

1.88

REIT - Mortgage Industry

Max
8.88
Q3
5.48
Median
3.94
Q1
2.10
Min
1.20

The P/S Ratio is often not a primary valuation tool in the REIT - Mortgage industry.

AMT vs. NLY: A comparison of their P/S Ratio against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Price-to-Book Ratio

AMT

29.34

REIT - Specialty Industry

Max
10.05
Q3
5.14
Median
1.95
Q1
1.66
Min
1.09

At 29.34, AMT’s P/B Ratio is at an extreme premium to the REIT - Specialty industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

NLY

0.88

REIT - Mortgage Industry

Max
1.07
Q3
0.86
Median
0.73
Q1
0.54
Min
0.21

NLY’s P/B Ratio of 0.88 is in the upper tier for the REIT - Mortgage industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

AMT vs. NLY: A comparison of their P/B Ratio against their respective REIT - Specialty and REIT - Mortgage industry benchmarks.

Valuation at a Glance

SymbolAMTNLY
Price-to-Earnings Ratio (P/E, TTM)56.7817.25
Forward PEG Ratio (TTM)4.9813.03
Price-to-Sales Ratio (P/S, TTM)9.861.88
Price-to-Book Ratio (P/B, TTM)29.340.88
Price-to-Free Cash Flow Ratio (P/FCF, TTM)27.4814.99
EV-to-EBITDA (TTM)19.628.63
EV-to-Sales (TTM)13.875.72