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U.S. Mortgage REITs Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies40
  • 7D-1.1%
  • 3M1.5%
  • 1Y-1.7%
  • YTD-6.9%

Over the last 7 days, the Mortgage REITs industry has dropped 1.1%, driven by AGNC Investment declining 1.7%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026US$63.3bUS$14.3bUS$5.3b11.4x12x4.4x
Thu, 21 May 2026US$62.3bUS$14.3bUS$5.3b12x11.8x4.3x
Sat, 18 Apr 2026US$65.0bUS$14.1bUS$5.7b9.1x11.4x4.6x
Mon, 16 Mar 2026US$62.9bUS$14.1bUS$5.7b9.3x11x4.5x
Wed, 11 Feb 2026US$66.7bUS$12.6bUS$5.2b12x12.9x5.3x
Fri, 09 Jan 2026US$65.1bUS$12.6bUS$4.2b12.5x15.6x5.2x
Sun, 07 Dec 2025US$65.3bUS$12.6bUS$4.2b13.1x15.7x5.2x
Tue, 04 Nov 2025US$62.0bUS$12.5bUS$4.3b12.6x14.3x4.9x
Thu, 02 Oct 2025US$60.6bUS$10.4bUS$2.3b13.6x25.8x5.8x
Sat, 30 Aug 2025US$62.5bUS$10.4bUS$2.3b14x26.7x6x
Mon, 28 Jul 2025US$62.3bUS$10.3bUS$2.2b11.9x27.8x6x
Wed, 25 Jun 2025US$57.7bUS$10.5bUS$2.4b11.7x23.7x5.5x
Fri, 23 May 2025US$55.4bUS$10.5bUS$2.4b12.1x22.7x5.3x
Sun, 20 Apr 2025US$48.2bUS$11.2bUS$3.6b10.4x13.5x4.3x
Tue, 18 Mar 2025US$57.3bUS$11.2bUS$3.6b12.2x16.1x5.1x
Thu, 13 Feb 2025US$56.7bUS$11.2bUS$4.0b11.3x14.2x5.1x
Sat, 11 Jan 2025US$52.5bUS$10.3bUS$2.5b10.2x21.3x5.1x
Mon, 09 Dec 2024US$55.8bUS$10.3bUS$2.5b10.5x22.6x5.4x
Wed, 06 Nov 2024US$53.6bUS$10.0bUS$2.2b11x24.7x5.4x
Fri, 04 Oct 2024US$41.2bUS$8.7bUS$1.8b14.5x22.4x4.7x
Sun, 01 Sep 2024US$42.2bUS$8.7bUS$1.8b15.9x22.9x4.8x
Tue, 30 Jul 2024US$41.2bUS$8.8bUS$2.4b10.4x17.3x4.7x
Thu, 27 Jun 2024US$46.6bUS$9.5bUS$2.9b10x15.8x4.9x
Sat, 25 May 2024US$45.8bUS$9.5bUS$2.9b10.6x15.6x4.8x
Mon, 22 Apr 2024US$43.5bUS$8.8bUS$2.3b12.8x19.1x5x
Wed, 20 Mar 2024US$45.2bUS$8.8bUS$2.3b13.2x19.8x5.2x
Fri, 16 Feb 2024US$43.7bUS$8.1bUS$2.0b11.7x21.5x5.4x
Sun, 14 Jan 2024US$48.4bUS$8.3bUS$2.4b11.2x20x5.8x
Tue, 12 Dec 2023US$47.2bUS$8.3bUS$2.4b10.8x19.5x5.7x
Thu, 09 Nov 2023US$43.5bUS$8.4bUS$2.6b10.8x17x5.2x
Sat, 07 Oct 2023US$40.6bUS$8.0bUS$2.2b10.5x18.4x5.1x
Mon, 04 Sep 2023US$46.1bUS$8.0bUS$2.2b11.9x20.9x5.8x
Wed, 02 Aug 2023US$44.8bUS$8.1bUS$1.6b13.1x28x5.5x
Fri, 30 Jun 2023US$37.9bUS$7.3bUS$1.3b12.4x28.5x5.2x
Price to Earnings Ratio

28.5x


Total Market Cap: US$37.9bTotal 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 19.3x202420252026
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 12.0x which is lower than its 3-year average PE of 19.3x.
  • The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 4.4x.
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 Market-1.82%
Financials0.50%
Mortgage REITs-1.05%
Mortgage REITs-1.05%
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
ORC Orchid Island CapitalUS$6.771.3%
+US$18.1m		-4.1%PE11.1x
ACR ACRES Commercial RealtyUS$18.0513.2%
+US$13.8m		1.2%PE23.3x
ARI Apollo Commercial Real Estate FinanceUS$10.910.7%
+US$10.6m		11.0%PE12.9x
REFI Chicago Atlantic Real Estate FinanceUS$11.453.8%
+US$8.9m		-20.0%PE7.9x
TWO Two Harbors InvestmentUS$12.320.5%
+US$6.3m		17.3%PS2.6x

Latest News

RITM
US$9.21
Rithm Capital
7D
-1.3%
1Y
-18.6%
TWO
US$12.32
Two Harbors Investment
7D
0.5%
1Y
17.3%
STWD
US$16.74
Starwood Property Trust
7D
-1.3%
1Y
-17.4%
Seeking Alpha • 13h

Starwood: Is This 11.5% Yield In Jeopardy?

Summary Starwood Property Trust (STWD) offers an 11.5% yield and trades below book value, creating a compelling income opportunity. STWD's diversified portfolio, limited office exposure, and recent net lease acquisition support distributable earnings and risk mitigation. Dividend coverage concerns are mitigated by management’s clear path to improved earnings, asset resolutions, and capital deployment ramp. I initiate a Buy rating with an $18 price target, anticipating 19% total return upside as earnings recover and yield remains attractive. Read the full article on Seeking Alpha
REFI
US$11.45
Chicago Atlantic Real Estate Finance
7D
3.8%
1Y
-20.0%
ARI
US$10.91
Apollo Commercial Real Estate Finance
7D
0.7%
1Y
11.0%
DX
US$12.92
Dynex Capital
7D
-2.2%
1Y
7.0%
Seeking Alpha • Jun 19

Dynex: Bullish On The Basis Of Short-Run Macro Variables, Long-Run Risks Remain

Summary Dynex Capital remains attractive as a short-term macro play, leveraging current rate conditions and mortgage spread opportunities. DX’s recent performance saw an 18% total return since my last coverage, primarily from distributions, despite a 5.42% YTD market value decline. Unrealized Q1 losses of $251.8M, partially offset by hedging, highlight exposure to systemic shocks like the U.S.-Iran war. I remain bullish on DX, citing compelling mortgage spreads, favorable liquidity, and expectations for Treasury yields to normalize. Historical observations suggest that Dynex isn't a safe all-weather asset; it's a short-run bet on rates and market liquidity. Read the full article on Seeking Alpha
IVR
US$7.81
Invesco Mortgage Capital
7D
-4.6%
1Y
1.0%
MFA
US$9.42
MFA Financial
7D
0.4%
1Y
-1.4%
NLY
US$22.27
Annaly Capital Management
7D
-1.4%
1Y
15.0%
Analysis Article • Jun 18

Annaly Capital Management (NLY) Stock Could Be 8% Undervalued After Dividend Raise

Dividend increase and shareholder vote set the tone Annaly Capital Management (NLY) has drawn fresh attention after raising its quarterly cash dividend to US$0.75 per share and reporting voting results from its recent annual general meeting. The higher payout, scheduled for July 31, 2026, and the decision not to adopt stockholder written consent together give investors new information on how the mortgage REIT is approaching capital returns and corporate governance. See our latest analysis for...
TRTX
US$8.65
TPG RE Finance Trust
7D
0.6%
1Y
8.4%
SEVN
US$8.42
Seven Hills Realty Trust
7D
2.9%
1Y
-29.6%
Narrative Update • Jun 16

SEVN: Higher Margins And Stronger P/E Multiple Will Support Future Upside Potential

Analysts have trimmed their price target for Seven Hills Realty Trust to about $10.25 per share, citing updated expectations for revenue growth, profit margins, the discount rate, and future P/E assumptions. What’s in the News for Seven Hills Realty Trust No recent news stories were provided for Seven Hills Realty Trust in the primary source feed.
AGNC
US$10.44
AGNC Investment
7D
-1.1%
1Y
12.1%
Analysis Article • Jun 16

AGNC Investment (AGNC) Stock Valuation Check After Intrinsic Discount And Income Track Record

AGNC Investment (AGNC) has drawn fresh attention after recent trading left the stock with a value score of 5 and an intrinsic discount of about 41%, prompting investors to reassess its income focused mortgage REIT profile. See our latest analysis for AGNC Investment. At a share price of US$10.46, AGNC’s recent 1 day share price return of 1.45% and 7 day share price return of 3.46% sit against a year to date share price decline of 4.30%. Its 1 year total shareholder return of 28.99% and 3 year...
RWT
US$4.81
Redwood Trust
7D
-8.7%
1Y
-15.5%
ORC
US$6.77
Orchid Island Capital
7D
1.3%
1Y
-4.1%
ACR
US$18.05
ACRES Commercial Realty
7D
13.2%
1Y
1.2%
Narrative Update • Jun 08

ACR: Share Repurchases And Solid Margins Will Support Future Upside

Analysts have maintained their $24.50 price target for ACRES Commercial Realty, citing a revised outlook that now incorporates a decline in projected revenue growth, a slightly higher future P/E of 4.40, and a steady profit margin of 48.22%. What's in the News On April 27, 2026, the Audit Committee decided to dismiss Ernst & Young LLP as ACRES Commercial Realty's independent registered public accounting firm, with the change taking effect after filing the Form 10-Q for the quarter ended March 31, 2026.
CMTG
US$2.50
Claros Mortgage Trust
7D
-10.7%
1Y
-19.6%
Narrative Update • Jun 05

CMTG: Future Returns Will Reflect Revised US$225 Outlook And Execution Risks

Analysts have lifted their price target on Claros Mortgage Trust to $225 from $2.50, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News No recent news items or key developments for Claros Mortgage Trust are available from the provided sources.