The largest mortgage real estate investment trust (REIT) by market cap, Annaly Capital Management (NYSE:NLY) is also the premier mREIT, investing in mortgages and mortgage-backed securities typically backed by the full faith and credit of the federal government through agencies including Fannie Mae, Freddie Mac, and Ginnie Mae. They represent 99% of its mortgage portfolio, as of the end of June. Formed last November via the $12 billion merger of the branded medicines business of Pfizer's Upjohn unit and generic-drug maker Mylan, Viatris (NASDAQ:VTRS) is making a go of it by building on the best of both worlds. The market, though, is worried about its ability to make a profit while carrying significant amounts of debt.
Source: Motley Fool
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