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

U.S. Mortgage REITs Industry Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies38
  • 7D-2.0%
  • 3M-5.6%
  • 1Y-5.0%
  • YTD-7.4%

Over the last 7 days, the Mortgage REITs industry has dropped 2.2%, driven by a pullback from Blackstone Mortgage Trust of 13%. Overall the industry is down 5.3% in 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
Wed, 05 Aug 2026US$63.9bUS$16.4bUS$7.3b9.1x8.7x3.9x
Fri, 03 Jul 2026US$63.6bUS$14.3bUS$5.3b11.8x12x4.4x
Sun, 31 May 2026US$63.7bUS$14.3bUS$5.3b11.7x12.1x4.5x
Tue, 28 Apr 2026US$66.7bUS$13.8bUS$5.5b10x12.1x4.8x
Thu, 26 Mar 2026US$61.6bUS$14.1bUS$5.7b9.1x10.8x4.4x
Sat, 21 Feb 2026US$67.4bUS$13.4bUS$5.7b10.3x11.9x5x
Mon, 19 Jan 2026US$69.3bUS$12.6bUS$4.2b13.2x16.6x5.5x
Wed, 17 Dec 2025US$64.6bUS$12.6bUS$4.2b13.1x15.5x5.1x
Fri, 14 Nov 2025US$63.0bUS$12.6bUS$4.2b12.8x15.1x5x
Sun, 12 Oct 2025US$59.7bUS$10.4bUS$2.3b12.7x25.5x5.7x
Tue, 09 Sep 2025US$65.1bUS$10.4bUS$2.3b14.6x27.8x6.2x
Thu, 07 Aug 2025US$61.4bUS$10.5bUS$2.1b13.1x29.5x5.8x
Sat, 05 Jul 2025US$58.7bUS$10.5bUS$2.4b12.1x24.1x5.6x
Mon, 02 Jun 2025US$56.0bUS$10.5bUS$2.4b12.5x23x5.4x
Wed, 30 Apr 2025US$52.7bUS$10.4bUS$2.7b13.4x19.2x5.1x
Fri, 28 Mar 2025US$56.1bUS$11.2bUS$3.6b11.9x15.8x5x
Sun, 23 Feb 2025US$57.7bUS$11.3bUS$3.5b12x16.4x5.1x
Tue, 21 Jan 2025US$54.2bUS$10.3bUS$2.5b11x22x5.3x
Thu, 19 Dec 2024US$55.0bUS$10.3bUS$2.5b10.3x22.3x5.3x
Sat, 16 Nov 2024US$55.1bUS$10.3bUS$2.5b10.8x22.2x5.3x
Mon, 14 Oct 2024US$40.6bUS$8.7bUS$1.8b14.3x22x4.7x
Wed, 11 Sep 2024US$41.5bUS$8.7bUS$1.8b15.4x22.5x4.8x
Fri, 09 Aug 2024US$40.6bUS$8.5bUS$1.8b12.3x23.2x4.8x
Sun, 07 Jul 2024US$42.4bUS$9.4bUS$2.7b9.4x15.7x4.5x
Tue, 04 Jun 2024US$46.6bUS$9.5bUS$2.9b10.7x15.8x4.9x
Thu, 02 May 2024US$44.6bUS$9.6bUS$3.1b11.2x14.4x4.6x
Sat, 30 Mar 2024US$46.5bUS$8.8bUS$2.3b13.2x20.4x5.3x
Mon, 26 Feb 2024US$44.7bUS$8.8bUS$2.2b11x20.2x5.1x
Wed, 24 Jan 2024US$47.9bUS$8.2bUS$2.3b11.3x21.1x5.9x
Fri, 22 Dec 2023US$50.0bUS$8.3bUS$2.4b11.5x20.7x6x
Sun, 19 Nov 2023US$44.8bUS$8.3bUS$2.4b9.9x18.6x5.4x
Tue, 17 Oct 2023US$41.6bUS$8.0bUS$2.2b10.7x18.9x5.2x
Thu, 14 Sep 2023US$45.6bUS$8.0bUS$2.2b11.7x20.7x5.7x
Sat, 12 Aug 2023US$45.5bUS$8.0bUS$2.2b11.8x20.7x5.7x
Price to Earnings Ratio

20.7x


Total Market Cap: US$45.5bTotal 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 18.6x202420252026
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 8.8x which is lower than its 3-year average PE of 18.6x.
  • 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 27% 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 Market4.85%
Financials0.69%
Mortgage REITs-1.99%
Mortgage REITs-1.99%
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$10.254.8%
+US$262.5m		-16.4%PE17.1x
ADAM Adamas TrustUS$9.519.2%
+US$72.1m		42.4%PE5.5x
IVR Invesco Mortgage CapitalUS$7.40-1.5%
US$60.6m		-4.6%PE7.1x
FBRT Franklin BSP Realty TrustUS$7.69-0.8%
US$42.2m		-29.4%PE18x
RC Ready CapitalUS$1.599.7%
+US$23.1m		-62.0%PB0.2x

Latest News

BXMT
US$14.42
Blackstone Mortgage Trust
7D
-13.3%
1Y
-23.6%
IVR
US$7.40
Invesco Mortgage Capital
7D
-1.5%
1Y
-4.6%
RITM
US$10.25
Rithm Capital
7D
4.8%
1Y
-16.4%
DX
US$12.76
Dynex Capital
7D
-1.2%
1Y
1.8%
Seeking Alpha • Aug 02

How Dynex Capital Transformed Into The Third-Largest Agency mREIT: Yield 15%

Summary The Speedboat Era Ends: Formerly the smallest and most agile agency mREIT, Dynex Capital has systematically expanded its balance sheet to become a dominant player. Portfolio fair value reached $27.6 billion in Q2 2026, an 11% increase from Q1 and a massive surge from $8.6 billion just two years prior. As portfolio scale expands, management has shifted away from tactical asset rotation toward interest-rate swaps, tying future performance more closely to broader trends. Capitalizing on the Federal Reserve's balance sheet runoff, DX is aggressively acquiring agency MBS at low valuations relative to U.S. Treasuries and corporate bonds. Read the full article on Seeking Alpha
FBRT
US$7.69
Franklin BSP Realty Trust
7D
-0.8%
1Y
-29.4%
Narrative Update • Aug 01

FBRT: Expanded Buybacks Will Support Future Returns At Lower Fair Value

Analysts have trimmed their price target on Franklin BSP Realty Trust from $11 to $10, citing updated assumptions that include a lower discount rate, slightly adjusted revenue growth expectations, a higher profit margin outlook, and a modestly higher future P/E multiple. What’s in the News for Franklin BSP Realty Trust From April 1, 2026 to June 30, 2026, Franklin BSP Realty Trust repurchased 1,838,855 shares for US$16 million.
RC
US$1.59
Ready Capital
7D
9.7%
1Y
-62.0%
ADAM
US$9.51
Adamas Trust
7D
9.2%
1Y
42.4%
CMTG
US$1.73
Claros Mortgage Trust
7D
-18.4%
1Y
-40.1%
AGNC
US$10.64
AGNC Investment
7D
-3.9%
1Y
10.8%
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
GPMT
US$1.46
Granite Point Mortgage Trust
7D
10.6%
1Y
-42.7%
NLY
US$22.75
Annaly Capital Management
7D
-1.9%
1Y
9.4%
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
AOMR
US$9.12
Angel Oak Mortgage REIT
7D
1.7%
1Y
5.3%
ORC
US$6.38
Orchid Island Capital
7D
-2.9%
1Y
-10.4%
ARI
US$6.79
Apollo Commercial Real Estate Finance
7D
0.9%
1Y
-31.7%
STWD
US$16.26
Starwood Property Trust
7D
-2.4%
1Y
-17.0%
TRTX
US$8.00
TPG RE Finance Trust
7D
-6.3%
1Y
-10.1%