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U.S. Mortgage REITs Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies40
  • 7D1.1%
  • 3M-5.9%
  • 1Y-6.2%
  • YTDn/a

The Mortgage REITs is pretty flat in the last 7 days, but Rithm Capital has stood out, gaining 3.7%. As for the longer term, the industry has declined 7.4% in the last year. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$61.7bUS$14.1bUS$5.7b8.7x10.8x4.4x
Fri, 27 Feb 2026US$67.1bUS$14.1bUS$5.7b10.2x11.7x4.8x
Sun, 25 Jan 2026US$68.1bUS$12.6bUS$4.2b13x16.3x5.4x
Tue, 23 Dec 2025US$65.3bUS$12.6bUS$4.2b13x15.7x5.2x
Thu, 20 Nov 2025US$62.0bUS$12.6bUS$4.2b12.1x14.9x4.9x
Sat, 18 Oct 2025US$59.8bUS$10.4bUS$2.3b12.8x25.5x5.7x
Mon, 15 Sep 2025US$64.0bUS$10.4bUS$2.3b14.2x27.3x6.1x
Wed, 13 Aug 2025US$60.6bUS$10.4bUS$2.4b13.5x25.6x5.8x
Fri, 11 Jul 2025US$59.0bUS$10.5bUS$2.4b11.5x24.2x5.6x
Sun, 08 Jun 2025US$57.0bUS$10.5bUS$2.4b12.9x23.4x5.5x
Tue, 06 May 2025US$56.1bUS$10.4bUS$2.5b12.4x22.7x5.4x
Thu, 03 Apr 2025US$54.5bUS$11.2bUS$3.6b11.9x15.3x4.9x
Sat, 01 Mar 2025US$58.1bUS$11.4bUS$3.5b12.6x16.5x5.1x
Mon, 27 Jan 2025US$53.6bUS$10.3bUS$2.5b11.1x21.8x5.2x
Wed, 25 Dec 2024US$54.1bUS$10.3bUS$2.5b10.4x21.9x5.2x
Fri, 22 Nov 2024US$54.9bUS$10.3bUS$2.5b10.5x22.2x5.3x
Sun, 20 Oct 2024US$41.7bUS$8.7bUS$1.8b14.4x22.6x4.8x
Tue, 17 Sep 2024US$42.4bUS$8.7bUS$1.8b15.5x23x4.9x
Thu, 15 Aug 2024US$40.2bUS$8.7bUS$1.9b13.8x21.7x4.6x
Sat, 13 Jul 2024US$45.0bUS$9.4bUS$2.7b9.8x16.7x4.8x
Mon, 10 Jun 2024US$46.1bUS$9.5bUS$2.9b10.2x15.6x4.8x
Wed, 08 May 2024US$45.9bUS$9.5bUS$2.8b11x16.4x4.8x
Fri, 05 Apr 2024US$45.2bUS$8.8bUS$2.3b13.6x19.9x5.2x
Sun, 03 Mar 2024US$45.6bUS$8.7bUS$2.2b11.8x20.3x5.2x
Tue, 30 Jan 2024US$48.3bUS$8.2bUS$2.3b11.4x21.3x5.9x
Thu, 28 Dec 2023US$51.2bUS$8.3bUS$2.4b11.6x21.2x6.2x
Sat, 25 Nov 2023US$45.4bUS$8.3bUS$2.4b9.8x18.8x5.5x
Mon, 23 Oct 2023US$39.4bUS$8.0bUS$2.2b10.4x17.9x4.9x
Wed, 20 Sep 2023US$46.3bUS$8.0bUS$2.2b11.6x21x5.8x
Fri, 18 Aug 2023US$43.9bUS$8.0bUS$2.2b11.2x19.9x5.5x
Sun, 16 Jul 2023US$39.4bUS$7.3bUS$1.3b12.6x29.6x5.4x
Tue, 13 Jun 2023US$36.5bUS$7.3bUS$1.3b11.5x27.5x5x
Thu, 11 May 2023US$32.2bUS$7.2bUS$1.3b10.8x24.8x4.5x
Sat, 08 Apr 2023US$39.0bUS$10.4bUS$4.8b8.2x8.2x3.8x
Price to Earnings Ratio

8.2x


Total Market Cap: US$39.0bTotal 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 10.6x 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 4.3x.
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 Market-0.61%
Financials0.28%
Mortgage REITs1.09%
Mortgage REITs1.09%
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
RITM Rithm CapitalUS$9.483.7%
+US$189.0m		-17.1%PE9.3x
AGNC AGNC InvestmentUS$10.030.9%
+US$101.1m		5.7%PE7.5x
BXMT Blackstone Mortgage TrustUS$19.153.2%
+US$100.8m		-3.8%PE29.9x
ARR ARMOUR Residential REITUS$16.684.3%
+US$84.7m		-2.1%PE6.6x
ABR Arbor Realty TrustUS$7.714.6%
+US$65.7m		-35.2%PE13.9x

Latest News

DX
US$12.76
Dynex Capital
7D
2.4%
1Y
-1.8%
ARR
US$16.68
ARMOUR Residential REIT
7D
4.3%
1Y
-2.1%
REFI
US$11.32
Chicago Atlantic Real Estate Finance
7D
-5.7%
1Y
-23.5%

REFI: Higher Non Accruals And Downgrade Will Shape Future Risk Return Balance

Analysts have trimmed their price target on Chicago Atlantic Real Estate Finance to $12.00, reflecting higher concern around non-accruals now at 12% and an estimated 10.5% cost of equity that points to a fair value closer to $13.64 per share. Analyst Commentary Bearish analysts are signaling a more cautious stance on Chicago Atlantic Real Estate Finance, with the latest views centering on rising non-accruals and the relationship between risk and expected return.
AGNC
US$10.03
AGNC Investment
7D
0.9%
1Y
5.7%
RITM
US$9.48
Rithm Capital
7D
3.7%
1Y
-17.1%

RITM: Paramount Integration And Index Additions Will Support Future Asset Management Earnings

Analysts have trimmed their average price target on Rithm Capital by about $1 to $16, citing recent target cuts from UBS and Piper Sandler, along with updated views on the earnings potential of its asset management segment following the Paramount Group acquisition. Analyst Commentary Recent research updates around the Paramount Group acquisition have given investors a mix of encouraging and cautious signals on Rithm Capital, with price targets adjusted and views on the asset management opportunity refined.
BXMT
US$19.15
Blackstone Mortgage Trust
7D
3.2%
1Y
-3.8%
KREF
US$6.12
KKR Real Estate Finance Trust
7D
-3.5%
1Y
-42.6%

KREF: Share Repurchases Will Support Future Upside Despite Recent Downgrades

Analysts have trimmed their average price target for KKR Real Estate Finance Trust by about $0.10 as they factor in a higher discount rate and a lower profit margin outlook, while still assuming similar revenue growth and a slightly higher future P/E multiple. Analyst Commentary Recent Street research on KKR Real Estate Finance Trust has centered on modestly lower price targets and at least one rating downgrade, with analysts adjusting their views around risk, profitability, and valuation rather than making wholesale shifts in their long term narratives.
MFA
US$9.58
MFA Financial
7D
-0.9%
1Y
-7.4%
CIM
US$12.55
Chimera Investment
7D
-0.9%
1Y
-1.6%
NLY
US$21.15
Annaly Capital Management
7D
0.3%
1Y
5.3%

NLY: Supportive Credit Conditions Are Expected To Sustain Future Balanced Returns

Annaly Capital Management's updated analyst price target has increased by several dollars. Analysts attribute this change to modest adjustments in the discount rate, slightly revised revenue growth expectations, a lower assumed profit margin, and a higher forward P/E, which together are considered the main drivers of the new estimate.
STWD
US$17.22
Starwood Property Trust
7D
-0.9%
1Y
-13.2%

STWD: Earnings Alignment With Dividend And Buybacks Will Support Future Upside

The analyst price target for Starwood Property Trust has been trimmed by about $0.15 to roughly $20.70, as analysts factor in dilution from the FIP acquisition, excess liquidity weighing on near term earnings, and mixed credit trends, while still pointing to solid origination volume and what they view as balanced risk and reward. Analyst Commentary Recent research updates point to a clustered set of price targets around the high teens to low $20s, with most firms trimming targets by $0.50 to $1.
CHMI
US$2.50
Cherry Hill Mortgage Investment
7D
-10.1%
1Y
-23.3%
SUNS
US$7.67
Sunrise Realty Trust
7D
-7.7%
1Y
-29.6%
LADR
US$9.77
Ladder Capital
7D
-1.3%
1Y
-14.3%
EFC
US$11.85
Ellington Financial
7D
3.0%
1Y
-10.6%
ABR
US$7.71
Arbor Realty Trust
7D
4.6%
1Y
-35.2%