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U.S. Mortgage REITs Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies40
  • 7D0.8%
  • 3M2.8%
  • 1Y-0.6%
  • YTD-5.4%

Over the last 7 days, the Mortgage REITs industry has remained flat, although notably AGNC Investment gained 4.4%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026US$65.1bUS$14.3bUS$5.3b11.8x12.3x4.6x
Sat, 30 May 2026US$63.7bUS$14.3bUS$5.3b11.7x12.1x4.4x
Mon, 27 Apr 2026US$66.7bUS$13.8bUS$5.5b10.2x12.1x4.8x
Wed, 25 Mar 2026US$61.8bUS$14.1bUS$5.7b9x10.8x4.4x
Fri, 20 Feb 2026US$67.4bUS$12.9bUS$5.2b12.2x13.1x5.2x
Sun, 18 Jan 2026US$69.3bUS$12.6bUS$4.2b13.2x16.6x5.5x
Tue, 16 Dec 2025US$64.4bUS$12.6bUS$4.2b13.2x15.5x5.1x
Thu, 13 Nov 2025US$63.5bUS$12.6bUS$4.2b12.5x15.3x5x
Sat, 11 Oct 2025US$60.3bUS$10.4bUS$2.3b12.7x25.7x5.8x
Mon, 08 Sep 2025US$65.1bUS$10.4bUS$2.3b14.5x27.8x6.2x
Wed, 06 Aug 2025US$61.7bUS$10.6bUS$2.1b13.2x29.2x5.8x
Fri, 04 Jul 2025US$58.7bUS$10.5bUS$2.4b12.1x24.1x5.6x
Sun, 01 Jun 2025US$55.8bUS$10.5bUS$2.4b12.5x22.9x5.3x
Tue, 29 Apr 2025US$51.6bUS$10.7bUS$3.0b12.9x17x4.8x
Thu, 27 Mar 2025US$56.6bUS$11.2bUS$3.6b11.8x15.9x5x
Sat, 22 Feb 2025US$57.7bUS$11.3bUS$3.5b12x16.4x5.1x
Mon, 20 Jan 2025US$54.2bUS$10.3bUS$2.5b11x22x5.3x
Wed, 18 Dec 2024US$55.9bUS$10.3bUS$2.5b10.6x22.6x5.4x
Fri, 15 Nov 2024US$55.1bUS$10.3bUS$2.5b10.8x22.2x5.3x
Sun, 13 Oct 2024US$40.6bUS$8.7bUS$1.8b14.3x22x4.7x
Tue, 10 Sep 2024US$41.5bUS$8.7bUS$1.8b15.3x22.5x4.8x
Thu, 08 Aug 2024US$40.3bUS$8.6bUS$2.0b10.9x20.1x4.7x
Sat, 06 Jul 2024US$42.5bUS$9.4bUS$2.7b9.4x15.8x4.5x
Mon, 03 Jun 2024US$46.7bUS$9.5bUS$2.9b10.5x15.9x4.9x
Wed, 01 May 2024US$44.5bUS$9.3bUS$2.9b11x15.4x4.8x
Fri, 29 Mar 2024US$46.2bUS$8.8bUS$2.3b13.2x20.2x5.3x
Sun, 25 Feb 2024US$44.7bUS$8.8bUS$2.2b11x20.1x5.1x
Tue, 23 Jan 2024US$47.6bUS$8.3bUS$2.4b11.2x19.7x5.7x
Thu, 21 Dec 2023US$50.6bUS$8.3bUS$2.4b11.3x20.9x6.1x
Sat, 18 Nov 2023US$44.8bUS$8.3bUS$2.4b9.9x18.6x5.4x
Mon, 16 Oct 2023US$41.1bUS$8.0bUS$2.2b10.6x18.7x5.2x
Wed, 13 Sep 2023US$46.0bUS$8.0bUS$2.2b11.8x20.9x5.8x
Fri, 11 Aug 2023US$45.6bUS$8.0bUS$2.2b11.6x20.9x5.7x
Sun, 09 Jul 2023US$37.7bUS$7.3bUS$1.3b12.4x28.4x5.1x
Price to Earnings Ratio

28.4x


Total Market Cap: US$37.7bTotal 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 19.2x202420252026
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 12.3x which is lower than its 3-year average PE of 19.2x.
  • 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 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 Trends

Which industries have driven the changes within the U.S. Financials industry?

US Market1.92%
Financials-0.16%
Mortgage REITs0.82%
Mortgage REITs0.82%
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
AGNC AGNC InvestmentUS$10.792.9%
+US$344.4m		14.5%PE9.5x
PMT PennyMac Mortgage Investment TrustUS$11.237.4%
+US$67.1m		-15.1%PE9.7x
RITM Rithm CapitalUS$9.361.3%
+US$67.0m		-19.9%PE8.7x
ABR Arbor Realty TrustUS$5.365.3%
+US$51.9m		-51.5%PE13.3x
ARR ARMOUR Residential REITUS$17.251.8%
+US$37.2m		2.4%PE9.4x

Latest News

RC
US$1.78
Ready Capital
7D
4.1%
1Y
-61.3%
Seeking Alpha • 7h

Ready Capital: Bonds Delivering Value While Equity Evaporates

Summary Ready Capital continues to see rapid book value erosion and worsening CRE portfolio delinquencies, with common shares underperforming significantly. RC's core CRE portfolio delinquency rate surged to 14.8%, up from 6.7% last quarter, highlighting accelerating credit deterioration. Management anticipates further $2 billion–$2.5 billion in asset sales but offers no clear guidance on pro forma book value, underscoring high uncertainty. Preferreds (RC.PR.E, RC.PR.C) and RCD offer superior risk-reward versus common shares, though a wipeout across the board remains possible. Read the full article on Seeking Alpha
ABR
US$5.36
Arbor Realty Trust
7D
5.3%
1Y
-51.5%
FBRT
US$8.03
Franklin BSP Realty Trust
7D
-3.5%
1Y
-26.6%
Seeking Alpha • 17h

Franklin BSP Realty Trust Preferred: A High-Yield Allocation For An Elevated-Rate Environment

Summary Franklin BSP Realty Trust Series E preferred offers a ~9.78% yield at a ~23% discount to par, compensating for incremental credit risk. FBRT faces credit challenges in commercial real estate, particularly multi-family loans, prompting a reset of the common dividend to $0.20 to preserve book value. The Series E preferred stock is supported by a ~$1.13 billion common equity cushion, with the company further maintaining ~$116 million in unrestricted cash to support liquidity. The high yield reduces duration risk, and the discount to par offsets call risk, but this allocation suits investors willing to absorb elevated credit exposure. Read the full article on Seeking Alpha
NLY
US$22.20
Annaly Capital Management
7D
-0.5%
1Y
14.9%
ARR
US$17.25
ARMOUR Residential REIT
7D
1.8%
1Y
2.4%
AGNC
US$10.79
AGNC Investment
7D
2.9%
1Y
14.5%
ARI
US$10.54
Apollo Commercial Real Estate Finance
7D
-2.0%
1Y
6.3%
STWD
US$16.33
Starwood Property Trust
7D
-1.7%
1Y
-21.3%
BXMT
US$16.96
Blackstone Mortgage Trust
7D
-2.9%
1Y
-14.5%
RITM
US$9.36
Rithm Capital
7D
1.3%
1Y
-19.9%
PMT
US$11.23
PennyMac Mortgage Investment Trust
7D
7.4%
1Y
-15.1%
Narrative Update • Jun 25

PMT: Lower Run Rate EPS Will Still Support Future Upside

Analysts have lowered their average price target for PennyMac Mortgage Investment Trust by about $1 to reflect reduced run rate ROE and EPS expectations, as well as a lower valuation multiple following recent quarterly results and a decline in book value per share. Analyst Commentary Recent research updates on PennyMac Mortgage Investment Trust highlight a more cautious tone, with several firms trimming price targets and adjusting their assumptions following the latest quarterly results and changes in book value per share.
CIM
US$13.31
Chimera Investment
7D
-1.6%
1Y
-6.5%
Seeking Alpha • Jun 25

Chimera Investment Corporation: Well-Covered Dividend, But Structural Headwinds Keep Me On Hold

Summary Chimera Investment Corporation maintains a Hold rating as persistent macroeconomic headwinds and declining origination margins cloud the earnings outlook. CIM’s 13.5% dividend yield is well-covered by earnings available for distribution, but is ordinary relative to mortgage REIT peers. Net origination margin fell to 114 basis points in Q1 2026, the lowest in five quarters, despite a stable product mix. Management’s long-term repositioning strategy may create value, but current evidence does not justify new capital allocation; monitoring margin trends and execution remains key. Read the full article on Seeking Alpha
ORC
US$6.92
Orchid Island Capital
7D
1.6%
1Y
-2.5%
LADR
US$9.98
Ladder Capital
7D
-2.4%
1Y
-9.4%
Analysis Article • Jun 18

Ladder Capital (LADR) Stock Looks Rich With A 23.5x P E And $7.66 DCF Value

How Ladder Capital Stock Has Been Performing Recently Ladder Capital (LADR) has drawn investor attention after a mixed run in its share price, with the stock down over the year to date but showing gains over the past 3 months and year. This performance sits against reported revenue of $216.26 million and net income of $55.012 million, figures that help frame how the market is currently pricing this US$1.31b real estate investment trust. See our latest analysis for Ladder Capital. The latest...
RWT
US$4.67
Redwood Trust
7D
-2.9%
1Y
-23.9%
NREF
US$15.56
NexPoint Real Estate Finance
7D
3.1%
1Y
11.5%