Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Mortgage REITs Industry Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies38
  • 7D0.8%
  • 3M-2.7%
  • 1Y-3.0%
  • YTD-6.9%

Over the last 7 days, the Mortgage REITs industry has risen 1.8%, driven by gains from AGNC Investment of 1.9%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026US$64.8bUS$16.6bUS$7.2b8.8x9x3.9x
Thu, 09 Jul 2026US$64.1bUS$14.3bUS$5.3b11.5x12.1x4.5x
Sat, 06 Jun 2026US$62.9bUS$14.3bUS$5.3b11.5x11.9x4.4x
Mon, 04 May 2026US$66.8bUS$14.3bUS$5.6b11.7x11.9x4.7x
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
Price to Earnings Ratio

19.9x


Total Market Cap: US$43.9bTotal Earnings: US$2.2bTotal Revenue: US$8.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Mortgage REITs Industry Price to Earnings3Y Average 18.5x202420252026
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 9.0x which is lower than its 3-year average PE of 18.5x.
  • The 3-year average PS ratio of 5.1x is higher than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Mortgage REITs industry have grown 49% per year over the last three years.
  • Revenues for these companies have grown 28% 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 Market2.22%
Financials0.55%
Mortgage REITs0.81%
Mortgage REITs0.81%
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
STWD Starwood Property TrustUS$16.654.3%
+US$242.5m		-15.6%PE28.3x
AGNC AGNC InvestmentUS$10.761.1%
+US$142.3m		15.3%PE6.1x
NLY Annaly Capital ManagementUS$22.910.6%
+US$98.0m		12.2%PE6.2x
RC Ready CapitalUS$1.8520.9%
+US$52.8m		-51.1%PB0.3x
EFC Ellington FinancialUS$13.471.1%
+US$47.2m		2.4%PE8.9x

Latest News

MITT
US$6.32
TPG Mortgage Investment Trust
7D
-11.4%
1Y
-14.8%
CIM
US$11.71
Chimera Investment
7D
-7.2%
1Y
-12.0%
Seeking Alpha • 15h

Chimera Investment: 15% Yield May Not Be A Red Flag

Summary Chimera Investment Corporation trades at a large 32% discount to book value, offering a compelling entry for high-yield investors. CIM increased its dividend by 22% in Q1'26, fully supported by earnings available for distribution with a 102% coverage ratio in Q2. Despite strong dividend and portfolio growth, CIM's book value discount persists due to market skepticism about near-term rate cuts. The main risk for CIM is a higher-for-longer rate environment, which could pressure net interest spreads and dividend coverage. Read the full article on Seeking Alpha
EFC
US$13.47
Ellington Financial
7D
1.1%
1Y
2.4%
STWD
US$16.65
Starwood Property Trust
7D
4.3%
1Y
-15.6%
AOMR
US$8.95
Angel Oak Mortgage REIT
7D
1.9%
1Y
-1.5%
IVR
US$7.39
Invesco Mortgage Capital
7D
0%
1Y
-1.1%
BXMT
US$14.17
Blackstone Mortgage Trust
7D
-2.7%
1Y
-23.8%
ABR
US$5.36
Arbor Realty Trust
7D
3.9%
1Y
-54.6%
RC
US$1.85
Ready Capital
7D
20.9%
1Y
-51.1%
ADAM
US$9.79
Adamas Trust
7D
3.7%
1Y
48.3%
BRSP
US$4.90
BrightSpire Capital
7D
-4.5%
1Y
-8.4%
Seeking Alpha • Jul 31

BrightSpire Capital: The Loan Book Is Finally Doing The Talking

Summary BrightSpire trades at a deep discount to book, offering a nearly 13% yield while the loan portfolio improves. BRSP's loan book is growing toward $3.5 billion, the watch list is shrinking, and the Albertsons sale removes a key refinancing risk. I rate BRSP a Buy—not for a quick re-rate, but for being paid to wait as the portfolio gets cleaner and the price-book gap narrows. Key risks include uncovered dividend, rising CECL reserves, and potential for further book value drift. Read the full article on Seeking Alpha
AGNC
US$10.76
AGNC Investment
7D
1.1%
1Y
15.3%
Seeking Alpha • Jul 27

AGNC: Keep Collecting The Yield, Just Don't Chase It Here

Summary AGNC Investment (AGNC) has delivered ~11.5% total returns since March, but current valuations now warrant a Hold rating. The price-to-book ratio has risen from ~1.03x to ~1.17x, removing the previous entry point's asymmetry and limiting fresh upside. AGNC's income engine remains robust, with net spread and dollar roll income covering payouts and a ~11-12% cushion. Downside risks from spread widening persist, but GSE support and a well-hedged book provide partial mitigation; upside is capped at current levels. Read the full article on Seeking Alpha
NLY
US$22.91
Annaly Capital Management
7D
0.6%
1Y
12.2%
Seeking Alpha • Jul 23

Annaly Capital: Double-Digit Yield And Trading At A Discount

Summary Annaly Capital Management is rated a Strong Buy for its 13.38% dividend yield and significant capital appreciation potential by 2030. NLY’s diversified REIT model, resilient through multiple economic cycles, benefits from agency MBS, MSR, and residential credit strategies with yields up to 16%. I expect falling interest rates to expand NLY’s net interest margin, driving both dividend growth and share price appreciation toward a $40 target by 2030. Risks include prolonged geopolitical instability or higher-for-longer rates, but NLY’s high yield and asset quality provide downside protection for income-focused investors. Read the full article on Seeking Alpha
ARI
US$6.65
Apollo Commercial Real Estate Finance
7D
-2.3%
1Y
-32.8%
TRTX
US$7.92
TPG RE Finance Trust
7D
-1.7%
1Y
-9.6%
MFA
US$9.09
MFA Financial
7D
-0.8%
1Y
-1.6%