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U.S. Mortgage REITs Industry Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies40
  • 7D0.8%
  • 3M-2.1%
  • 1Y5.7%
  • YTD-1.4%

Over the last 7 days, the Mortgage REITs industry has remained flat, although notably Rithm Capital declined by 3.4%. As for the the longer term, the industry is up 5.7% over the past 12 months. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

Has the U.S. Mortgage REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026US$65.8bUS$14.4bUS$5.7b9.9x11.6x4.6x
Sun, 29 Mar 2026US$60.7bUS$14.1bUS$5.7b9x10.6x4.3x
Tue, 24 Feb 2026US$67.7bUS$14.0bUS$5.7b10.2x11.9x4.8x
Thu, 22 Jan 2026US$67.8bUS$12.6bUS$4.2b13.1x16.3x5.4x
Sat, 20 Dec 2025US$65.2bUS$12.6bUS$4.2b13.1x15.6x5.2x
Mon, 17 Nov 2025US$62.6bUS$12.6bUS$4.2b12.8x15x5x
Wed, 15 Oct 2025US$60.4bUS$10.4bUS$2.3b13.2x25.8x5.8x
Fri, 12 Sep 2025US$64.5bUS$10.4bUS$2.3b14.1x27.5x6.2x
Sun, 10 Aug 2025US$61.1bUS$10.4bUS$2.4b13.2x25.7x5.9x
Tue, 08 Jul 2025US$58.7bUS$10.5bUS$2.4b12.1x24.1x5.6x
Thu, 05 Jun 2025US$56.3bUS$10.5bUS$2.4b12.8x23x5.4x
Sat, 03 May 2025US$55.3bUS$10.3bUS$2.5b12.5x22.1x5.4x
Mon, 31 Mar 2025US$54.9bUS$11.3bUS$3.5b11.7x15.6x4.9x
Wed, 26 Feb 2025US$57.6bUS$11.4bUS$3.5b12.4x16.5x5.1x
Fri, 24 Jan 2025US$53.7bUS$10.3bUS$2.5b11.1x21.8x5.2x
Sun, 22 Dec 2024US$53.8bUS$10.3bUS$2.5b10.5x21.8x5.2x
Tue, 19 Nov 2024US$54.9bUS$10.3bUS$2.5b10.6x22.3x5.3x
Thu, 17 Oct 2024US$41.6bUS$8.7bUS$1.8b14.5x22.6x4.8x
Sat, 14 Sep 2024US$41.9bUS$8.7bUS$1.8b15.7x22.7x4.8x
Mon, 12 Aug 2024US$40.4bUS$8.6bUS$1.8b13.3x21.8x4.7x
Wed, 10 Jul 2024US$42.7bUS$9.4bUS$2.7b9.5x15.8x4.6x
Fri, 07 Jun 2024US$47.2bUS$9.5bUS$2.9b10.2x16x5x
Sun, 05 May 2024US$45.7bUS$9.6bUS$2.9b11.4x15.6x4.8x
Tue, 02 Apr 2024US$46.5bUS$8.8bUS$2.3b12.9x20.4x5.3x
Thu, 29 Feb 2024US$44.8bUS$8.8bUS$2.2b11.6x20.3x5.1x
Sat, 27 Jan 2024US$48.1bUS$8.2bUS$2.3b11.5x21.2x5.9x
Mon, 25 Dec 2023US$50.6bUS$8.3bUS$2.4b11.5x20.9x6.1x
Wed, 22 Nov 2023US$45.4bUS$8.3bUS$2.4b9.9x18.8x5.5x
Fri, 20 Oct 2023US$39.8bUS$8.0bUS$2.2b10.5x18.1x5x
Sun, 17 Sep 2023US$46.5bUS$8.0bUS$2.2b11.8x21.1x5.8x
Tue, 15 Aug 2023US$44.9bUS$8.0bUS$2.2b11.7x20.4x5.6x
Thu, 13 Jul 2023US$39.0bUS$7.3bUS$1.3b12.4x29.4x5.3x
Sat, 10 Jun 2023US$36.1bUS$7.3bUS$1.3b11.1x27.2x4.9x
Mon, 08 May 2023US$32.0bUS$7.2bUS$1.3b11.2x24.1x4.5x
Price to Earnings Ratio

24.1x


Total Market Cap: US$32.0bTotal Earnings: US$1.3bTotal Revenue: US$7.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Mortgage REITs Industry Price to Earnings3Y Average 19.9x202420252026
Current Industry PE
  • Investors are pessimistic on the American Mortgage REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 11.6x which is lower than its 3-year average PE of 19.9x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Mortgage REITs industry have grown 62% per year over the last three years.
  • Revenues for these companies have grown 26% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Financials industry?

US Market0.59%
Financials0.58%
Mortgage REITs0.78%
Mortgage REITs0.78%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NLY Annaly Capital ManagementUS$22.902.1%
+US$343.2m		17.9%PE8.3x
AGNC AGNC InvestmentUS$11.021.5%
+US$183.6m		25.1%PE9.7x
DX Dynex CapitalUS$13.620.1%
+US$113.1m		11.7%PE12.7x
ADAM Adamas TrustUS$8.9814.7%
+US$98.5m		41.4%PE7.5x
STWD Starwood Property TrustUS$18.361.2%
+US$81.5m		-4.0%PE16.9x

Latest News

BRSP
US$5.80
BrightSpire Capital
7D
-4.0%
1Y
15.8%
ADAM
US$8.98
Adamas Trust
7D
14.7%
1Y
41.4%
MITT
US$7.89
TPG Mortgage Investment Trust
7D
-2.1%
1Y
20.8%
BXMT
US$18.99
Blackstone Mortgage Trust
7D
-4.8%
1Y
0.1%
RITM
US$9.78
Rithm Capital
7D
-3.4%
1Y
-12.5%

Rithm Capital: Diversification In Progress - Rich Dividends Trigger Buy Rating

Apr 29
ORC
US$7.03
Orchid Island Capital
7D
2.8%
1Y
-0.7%
ARI
US$10.94
Apollo Commercial Real Estate Finance
7D
-0.9%
1Y
16.1%
LADR
US$10.28
Ladder Capital
7D
-1.6%
1Y
-2.0%

Ladder Capital: 96% Dividend Coverage, Return To Growth, 9% Yield

Apr 28
NLY
US$22.90
Annaly Capital Management
7D
2.1%
1Y
17.9%

Annaly: The Ice Cube That Still Pays Patient Investors

Apr 27
IVR
US$8.13
Invesco Mortgage Capital
7D
-1.3%
1Y
10.5%

IVR: Revised Profitability And P E Expectations Will Shape Balanced Return Potential

Analysts have trimmed their price target on Invesco Mortgage Capital to $8.50 from $9.00. They cited updated assumptions around profit margins and a lower projected future P/E multiple.
AGNC
US$11.02
AGNC Investment
7D
1.5%
1Y
25.1%
CIM
US$13.75
Chimera Investment
7D
3.1%
1Y
13.1%
DX
US$13.62
Dynex Capital
7D
0.1%
1Y
11.7%

Dynex Capital Continues Delivering Consistent Monthly Income Despite Market Volatility

Apr 22
RWT
US$5.56
Redwood Trust
7D
-2.5%
1Y
-4.6%
STWD
US$18.36
Starwood Property Trust
7D
1.2%
1Y
-4.0%

STWD: Future Earnings And Buybacks Will Gradually Outweigh Recent Dilution Concerns

Analysts have trimmed the average price target for Starwood Property Trust by about $0.15 to reflect modestly lower fair value assumptions and a slightly reduced future P/E, citing earnings dilution from recent acquisitions, mixed credit trends and the impact of excess liquidity, while still highlighting solid origination activity and what they view as a balanced risk and reward profile. Analyst Commentary Recent Street research points to a cluster of modest price target cuts for Starwood Property Trust, reflecting a mix of earnings dilution, credit noise and timing around excess liquidity deployment, alongside continued confidence in the platform and origination engine.
TWO
US$11.57
Two Harbors Investment
7D
5.2%
1Y
-1.7%