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U.S. Mortgage REITs Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies40
  • 7D-0.9%
  • 3M-5.9%
  • 1Y0.2%
  • YTDn/a

Over the last 7 days, the Mortgage REITs industry has remained flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026US$62.8bUS$14.3bUS$5.3b11.5x11.9x4.4x
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
Price to Earnings Ratio

27.2x


Total Market Cap: US$36.1bTotal Earnings: US$1.3bTotal Revenue: US$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Mortgage REITs Industry Price to Earnings3Y Average 19.6x202420252026
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 11.9x which is lower than its 3-year average PE of 19.6x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Mortgage REITs industry have grown 58% per year over the last three years.
  • Revenues for these companies have grown 25% 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 Market1.22%
Financials-0.91%
Mortgage REITs-0.91%
Mortgage REITs-0.91%
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
ARR ARMOUR Residential REITUS$17.262.0%
+US$42.2m		5.2%PE9.4x
CMTG Claros Mortgage TrustUS$2.4610.8%
+US$33.7m		-9.2%PB0.2x
TRTX TPG RE Finance TrustUS$8.502.8%
+US$17.8m		10.5%PE13x
KREF KKR Real Estate Finance TrustUS$6.813.7%
+US$15.4m		-24.3%PB0.6x
BXMT Blackstone Mortgage TrustUS$18.310.4%
+US$12.0m		-2.5%PE30.2x

Latest News

RC
US$1.66
Ready Capital
7D
-6.7%
1Y
-61.1%
ARR
US$17.26
ARMOUR Residential REIT
7D
2.0%
1Y
5.2%
NLY
US$21.30
Annaly Capital Management
7D
-1.4%
1Y
12.5%
ACRE
US$5.03
Ares Commercial Real Estate
7D
3.3%
1Y
7.2%
Narrative Update • Jun 02

ACRE: Updated Discount Rates Will Support Measured Forward P E Expectations

Ares Commercial Real Estate's analyst price target has moved slightly lower to $5.25, as analysts factor in updated assumptions on discount rates, revenue trends and profitability expectations. Analyst Commentary Recent Street research has trimmed price targets on Ares Commercial Real Estate toward the mid US$5 range, with one cut to US$5.50 and the latest to US$5.25.
TWO
US$12.41
Two Harbors Investment
7D
-1.0%
1Y
18.1%
AGNC
US$10.20
AGNC Investment
7D
-2.2%
1Y
13.5%
RWT
US$5.37
Redwood Trust
7D
1.1%
1Y
-3.1%
STWD
US$17.10
Starwood Property Trust
7D
-1.6%
1Y
-13.8%
BXMT
US$18.31
Blackstone Mortgage Trust
7D
0.4%
1Y
-2.5%
Seeking Alpha • May 15

Blackstone Mortgage Trust: Back At The Bottom Of The Range, But Something Has Changed (Rating Downgrade)

Summary With $46M in charge-offs this quarter, CECL reserves are no longer just "paper losses"—they are crystallized hits to Blackstone Mortgage Trust’s capital, proving that lent money is officially not coming back. Earnings of $0.21 per share significantly trail the $0.47 dividend. While the company highlights "distributable earnings," the persistent need for massive credit reserves suggests the current payout is increasingly fragile. Blackstone Mortgage Trust now holds over $1.15 billion in foreclosed real estate. Far from being a "hidden value" play, these assets are currently a "negative carry." Resurgent inflation and the geopolitical strain of the Iran war have pushed the yield curve higher. Since real estate valuations are inextricably linked to rates BXMT is under pressure. Read the full article on Seeking Alpha
DX
US$12.87
Dynex Capital
7D
-1.0%
1Y
7.2%
ORC
US$6.74
Orchid Island Capital
7D
-1.6%
1Y
-2.3%
KREF
US$6.81
KKR Real Estate Finance Trust
7D
3.7%
1Y
-24.3%
Narrative Update • May 14

KREF: Share Repurchases And Lower P E Assumptions Will Frame Future Returns

The analyst price target for KKR Real Estate Finance Trust has been reset from about $8.25 to roughly $6.33 per share, as analysts factor in updated assumptions around revenue growth, profitability, discount rates and future P/E multiples following a series of recent target cuts and a rating downgrade. Analyst Commentary Bullish Takeaways Bullish analysts appear to see value in KKR Real Estate Finance Trust’s reset price targets, suggesting the recent cuts bring expectations closer to current fundamentals and execution risks.
CMTG
US$2.46
Claros Mortgage Trust
7D
10.8%
1Y
-9.2%
NREF
US$15.77
NexPoint Real Estate Finance
7D
3.1%
1Y
5.1%
BRSP
US$5.58
BrightSpire Capital
7D
-1.8%
1Y
8.1%
Seeking Alpha • May 04

BrightSpire Capital: Dividend Coverage Dips, All-In Yield Compresses (Downgrade)

Summary BrightSpire Capital trades at a deep discount to book value, but its double-digit dividend yield is not fully covered by earnings. BRSP's dividend coverage has declined to 88%, raising the likelihood of a future dividend cut to prevent further book value erosion. The portfolio is now heavily weighted to multifamily loans, with office exposure sharply reduced and new originations focused almost exclusively on multifamily. I rate BRSP as a "Hold" due to deteriorating dividend coverage and compressing loan yields, despite ongoing portfolio de-risking. Read the full article on Seeking Alpha
TRTX
US$8.50
TPG RE Finance Trust
7D
2.8%
1Y
10.5%