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U.S. Mortgage REITs Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies40
  • 7D3.7%
  • 3M-5.6%
  • 1Y13.9%
  • YTDn/a

The Mortgage REITs industry is up 3.7% in the last week, with Annaly Capital Management up 3.9%. In the last 12 months, the industry was up 14%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026US$65.6bUS$14.1bUS$5.7b9x11.5x4.6x
Sat, 14 Mar 2026US$63.6bUS$14.1bUS$5.7b9.3x11.2x4.5x
Mon, 09 Feb 2026US$67.3bUS$12.7bUS$5.2b12.2x13x5.3x
Wed, 07 Jan 2026US$65.4bUS$12.6bUS$4.2b12.3x15.7x5.2x
Fri, 05 Dec 2025US$65.2bUS$12.6bUS$4.2b13x15.7x5.2x
Sun, 02 Nov 2025US$62.0bUS$12.5bUS$4.3b12.8x14.3x4.9x
Tue, 30 Sep 2025US$61.8bUS$10.4bUS$2.3b13.4x26.4x5.9x
Thu, 28 Aug 2025US$62.6bUS$10.4bUS$2.3b13.9x26.7x6x
Sat, 26 Jul 2025US$61.6bUS$10.3bUS$2.3b11.9x27.4x6x
Mon, 23 Jun 2025US$57.1bUS$10.5bUS$2.4b12.3x23.4x5.5x
Wed, 21 May 2025US$58.1bUS$10.5bUS$2.4b12.7x23.8x5.6x
Fri, 18 Apr 2025US$47.4bUS$11.2bUS$3.6b10.4x13.3x4.2x
Sun, 16 Mar 2025US$57.3bUS$11.2bUS$3.6b12.1x16.1x5.1x
Tue, 11 Feb 2025US$56.2bUS$11.4bUS$4.2b10.7x13.5x5x
Thu, 09 Jan 2025US$52.9bUS$10.3bUS$2.5b10.3x21.4x5.1x
Sat, 07 Dec 2024US$55.2bUS$10.3bUS$2.5b10.5x22.4x5.4x
Mon, 04 Nov 2024US$53.6bUS$10.0bUS$2.2b10.9x24.6x5.4x
Wed, 02 Oct 2024US$42.4bUS$8.7bUS$1.8b14.6x23x4.9x
Fri, 30 Aug 2024US$41.8bUS$8.7bUS$1.8b15.7x22.7x4.8x
Sun, 28 Jul 2024US$41.2bUS$8.8bUS$2.4b10.5x17.3x4.7x
Tue, 25 Jun 2024US$46.8bUS$9.5bUS$2.9b10x15.9x4.9x
Thu, 23 May 2024US$46.5bUS$9.2bUS$2.8b11.1x16.5x5x
Sat, 20 Apr 2024US$42.9bUS$8.8bUS$2.3b12.7x18.8x4.9x
Mon, 18 Mar 2024US$45.3bUS$8.8bUS$2.3b13.1x19.8x5.2x
Wed, 14 Feb 2024US$42.9bUS$8.1bUS$2.1b10.2x20.9x5.3x
Fri, 12 Jan 2024US$49.0bUS$8.3bUS$2.4b11.2x20.3x5.9x
Sun, 10 Dec 2023US$46.8bUS$8.3bUS$2.4b10.7x19.3x5.6x
Tue, 07 Nov 2023US$43.3bUS$8.1bUS$2.6b10.7x16.8x5.3x
Thu, 05 Oct 2023US$42.1bUS$8.0bUS$2.2b10.4x19.1x5.3x
Sat, 02 Sep 2023US$46.1bUS$8.0bUS$2.2b11.9x20.9x5.8x
Mon, 31 Jul 2023US$46.1bUS$7.8bUS$1.4b14.3x32.5x5.9x
Wed, 28 Jun 2023US$37.7bUS$7.3bUS$1.3b12.8x28.4x5.1x
Fri, 26 May 2023US$33.0bUS$7.3bUS$1.3b11.2x24.9x4.5x
Sun, 23 Apr 2023US$39.5bUS$10.4bUS$4.8b8.2x8.3x3.8x
Price to Earnings Ratio

8.3x


Total Market Cap: US$39.5bTotal Earnings: US$4.8bTotal Revenue: US$10.4bTotal 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 11.5x 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 6.1% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Mortgage REITs compare with similar industries?

US Market3.42%
Financials2.29%
Mortgage REITs3.74%
Mortgage REITs3.74%
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$22.643.9%
+US$603.4m		28.4%PE8.7x
AGNC AGNC InvestmentUS$10.744.1%
+US$471.8m		29.4%PE8x
RITM Rithm CapitalUS$10.184.0%
+US$241.4m		1.6%PE10x
STWD Starwood Property TrustUS$18.153.2%
+US$211.3m		-0.4%PE16.7x
BXMT Blackstone Mortgage TrustUS$20.124.2%
+US$138.4m		11.2%PE31.4x

Latest News

SUNS
US$7.96
Sunrise Realty Trust
7D
-0.3%
1Y
-3.9%
ABR
US$7.92
Arbor Realty Trust
7D
5.5%
1Y
-26.2%

Arbor Realty Trust Not Quite A Buy Yet, But Loan Growth Is Robust

Apr 15
DX
US$13.41
Dynex Capital
7D
2.5%
1Y
15.7%
RITM
US$10.18
Rithm Capital
7D
4.0%
1Y
1.6%
AGNC
US$10.74
AGNC Investment
7D
4.1%
1Y
29.4%
ARI
US$11.22
Apollo Commercial Real Estate Finance
7D
4.3%
1Y
37.3%
NLY
US$22.64
Annaly Capital Management
7D
3.9%
1Y
28.4%
BXMT
US$20.12
Blackstone Mortgage Trust
7D
4.2%
1Y
11.2%

BXMT: Improving Earnings Visibility May Support Higher Future Economic Returns

Narrative Update: Blackstone Mortgage Trust Analyst Price Target Shift The analyst price target for Blackstone Mortgage Trust has moved slightly higher to $21.29 from $21.21, with analysts pointing to earnings visibility and economic returns as key reasons for the updated view. Analyst Commentary Recent price target changes around Blackstone Mortgage Trust reflect a mix of optimism on earnings visibility and returns, alongside caution on execution risk and valuation.
STWD
US$18.15
Starwood Property Trust
7D
3.2%
1Y
-0.4%

STWD: Earnings Will Gradually Support Dividend And Share Repurchases Despite Recent Dilution

Analysts have trimmed their average price targets on Starwood Property Trust by about $1 per share to a range of roughly $19 to $21, as they factor in dilution from the FIP acquisition, excess liquidity weighing on near term earnings, and mixed credit trends alongside steady origination activity. Analyst Commentary Recent research updates point to a more cautious but still constructive stance on Starwood Property Trust, with price targets clustered around US$19 to US$21 and a range of views on how quickly earnings can align with the dividend and absorb recent dilution.