Consent of Independent Registered Public Accounting
Firm
We consent to the reference to our firm under the caption "Experts"
in this Registration Statement (Form S-3) and related Prospectus of Annaly Capital Management, Inc. for the registration of
common stock, preferred stock, warrants, stockholder rights, debt securities, purchase contracts and units and to the incorporation by
reference therein of our reports dated February 15, 2024, with respect to the consolidated financial statements of Annaly Capital
Management, Inc., and the effectiveness of internal control over financial reporting of Annaly Capital Management, Inc., included
in its Annual Report (Form 10-K) for the year ended December 31, 2023, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
New York, NY
September 20, 2024
