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U.S. Mortgage REITs Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies38
  • 7D-0.6%
  • 3M1.1%
  • 1Y-6.0%
  • YTD-6.1%

In the last week, Mortgage REITs has been flat. Unfortunately though, the industry is down 6.0% over the past 12 months. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Aug 2026US$64.9bUS$16.9bUS$7.2b9.1x9x3.8x
Tue, 21 Jul 2026US$64.4bUS$14.3bUS$5.3b11x12.2x4.5x
Thu, 18 Jun 2026US$64.2bUS$14.3bUS$5.3b11.5x12.2x4.5x
Sat, 16 May 2026US$64.0bUS$14.3bUS$5.3b12.1x12.1x4.5x
Mon, 13 Apr 2026US$64.6bUS$14.1bUS$5.7b8.9x11.3x4.6x
Wed, 11 Mar 2026US$64.8bUS$14.1bUS$5.7b9.6x11.4x4.6x
Fri, 06 Feb 2026US$68.1bUS$12.7bUS$5.2b12.1x13.1x5.4x
Sun, 04 Jan 2026US$65.3bUS$12.6bUS$4.2b12.5x15.7x5.2x
Tue, 02 Dec 2025US$65.1bUS$12.6bUS$4.2b12.8x15.6x5.2x
Thu, 30 Oct 2025US$62.4bUS$12.2bUS$4.0b12.3x15.7x5.1x
Sat, 27 Sep 2025US$61.4bUS$10.4bUS$2.3b13.4x26.2x5.9x
Mon, 25 Aug 2025US$63.0bUS$10.4bUS$2.3b13.8x26.9x6.1x
Wed, 23 Jul 2025US$59.0bUS$10.4bUS$2.3b11.6x25.3x5.7x
Fri, 20 Jun 2025US$57.2bUS$10.5bUS$2.4b12.4x23.4x5.5x
Sun, 18 May 2025US$58.5bUS$10.5bUS$2.4b12.4x24x5.6x
Tue, 15 Apr 2025US$46.7bUS$11.2bUS$3.6b10.3x13.1x4.2x
Thu, 13 Mar 2025US$56.1bUS$11.2bUS$3.6b12.2x15.8x5x
Sat, 08 Feb 2025US$56.6bUS$11.4bUS$4.2b10.7x13.6x5x
Mon, 06 Jan 2025US$53.9bUS$10.3bUS$2.5b10.4x21.8x5.2x
Wed, 04 Dec 2024US$56.1bUS$10.3bUS$2.5b10.4x22.7x5.4x
Fri, 01 Nov 2024US$53.0bUS$9.9bUS$2.2b11x24.5x5.3x
Sun, 29 Sep 2024US$42.9bUS$8.7bUS$1.8b15.3x23.3x4.9x
Tue, 27 Aug 2024US$41.5bUS$8.7bUS$1.8b15.6x22.5x4.8x
Thu, 25 Jul 2024US$46.4bUS$8.9bUS$2.3b10.6x19.8x5.2x
Sat, 22 Jun 2024US$46.8bUS$9.5bUS$2.9b10.1x15.9x4.9x
Mon, 20 May 2024US$48.2bUS$9.5bUS$2.9b10.2x16.4x5.1x
Wed, 17 Apr 2024US$42.8bUS$8.8bUS$2.3b12.8x18.8x4.9x
Fri, 15 Mar 2024US$45.9bUS$8.8bUS$2.3b12.9x20.1x5.2x
Sun, 11 Feb 2024US$43.9bUS$8.1bUS$2.1b10.3x21.4x5.4x
Tue, 09 Jan 2024US$47.8bUS$8.3bUS$2.4b11.3x19.8x5.8x
Thu, 07 Dec 2023US$46.1bUS$8.3bUS$2.4b9.9x19.1x5.6x
Sat, 04 Nov 2023US$43.3bUS$8.1bUS$2.6b10.9x16.8x5.3x
Mon, 02 Oct 2023US$43.0bUS$8.0bUS$2.2b10.9x19.5x5.4x
Wed, 30 Aug 2023US$45.7bUS$8.0bUS$2.2b11.9x20.8x5.7x
Price to Earnings Ratio

20.8x


Total Market Cap: US$45.7bTotal 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 18.4x202420252026
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 18.4x.
  • The 3-year average PS ratio of 5.1x is higher than the industry's current PS ratio of 3.8x.
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 29% 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 Market-1.49%
Financials-1.21%
Mortgage REITs-0.56%
Mortgage REITs-0.56%
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$16.380.5%
+US$29.6m		-19.1%PE27.8x
FBRT Franklin BSP Realty TrustUS$8.394.0%
+US$26.6m		-25.9%PE19.6x
ABR Arbor Realty TrustUS$5.192.0%
+US$18.7m		-56.1%PE59.3x
REFI Chicago Atlantic Real Estate FinanceUS$10.786.2%
+US$16.1m		-25.2%PE9.4x
ARI Apollo Commercial Real Estate FinanceUS$6.931.5%
+US$12.8m		-33.3%PE8.1x

Latest News

REFI
US$10.78
Chicago Atlantic Real Estate Finance
7D
6.2%
1Y
-25.2%
STWD
US$16.38
Starwood Property Trust
7D
0.5%
1Y
-19.1%
ADAM
US$9.94
Adamas Trust
7D
-1.8%
1Y
39.2%
MFA
US$8.91
MFA Financial
7D
-2.7%
1Y
-11.7%
IVR
US$7.52
Invesco Mortgage Capital
7D
0.5%
1Y
-3.6%
ABR
US$5.19
Arbor Realty Trust
7D
2.0%
1Y
-56.1%
AGNC
US$10.89
AGNC Investment
7D
-0.6%
1Y
10.2%
RC
US$1.88
Ready Capital
7D
1.6%
1Y
-53.2%
ORC
US$6.70
Orchid Island Capital
7D
0.8%
1Y
-6.0%
ARR
US$16.34
ARMOUR Residential REIT
7D
-2.4%
1Y
7.6%
Seeking Alpha • Aug 11

Armour Residential REIT: A High-Yield Fixed-Rate Preferred For An Elevated-Rate Environment (Reaffirming Buy)

Summary ARMOUR Residential REIT Series C preferred shares offer an ~8.3% current yield at ~$21, appealing for income-focused investors. Recent macro shifts, including a more hawkish Fed stance, have increased the embedded credit premium, enhancing the preferred's high yield relative to lower yielding preferreds. ARR reported a Q2 net income of ~$114 million, reversing prior mark-to-market losses on MBS holdings and maintaining strong preferred dividend coverage. Monthly payouts and adequate coverage support ARR.PR.C's allocation, though investors should monitor interest rate and credit spread developments. Read the full article on Seeking Alpha
RITM
US$10.19
Rithm Capital
7D
-1.6%
1Y
-18.9%
Seeking Alpha • Aug 10

Rithm Capital: 240% Coverage, 10% Yield, 17% BV Discount

Summary Rithm Capital delivered strong Q2 distributable earnings, exceeding estimates and reflecting robust growth in asset management and mortgage investment segments. RITM benefits from a higher-for-longer rate environment, with its mortgage servicing rights portfolio set to gain in value as rates remain elevated. Shares trade at a 17% discount to book value, offering a favorable setup for high-yield investors amid ongoing business diversification. I see long-term opportunity as RITM evolves into a multi-vertical alternative investment platform, reducing revenue and cash flow volatility. Read the full article on Seeking Alpha
CIM
US$11.52
Chimera Investment
7D
-2.4%
1Y
-18.5%
Seeking Alpha • Aug 10

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
FBRT
US$8.39
Franklin BSP Realty Trust
7D
4.0%
1Y
-25.9%
BXMT
US$14.27
Blackstone Mortgage Trust
7D
-1.5%
1Y
-26.9%
NLY
US$23.16
Annaly Capital Management
7D
-0.7%
1Y
9.6%
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$6.93
Apollo Commercial Real Estate Finance
7D
1.5%
1Y
-33.3%