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U.S. Mortgage REITs Industry Analysis

UpdatedAug 29, 2026
DataAggregated Company Financials
Companies37
  • 7D-1.0%
  • 3M-1.4%
  • 1Y-7.3%
  • YTD-7.4%

Over the last 7 days, the Mortgage REITs industry has dropped 1.0%, driven by a pullback from Starwood Property Trust of 3.5%. The industry has fallen 7.3% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Aug 2026US$63.2bUS$16.3bUS$7.3b9x8.7x3.9x
Mon, 27 Jul 2026US$63.4bUS$16.4bUS$7.3b9.5x8.6x3.9x
Wed, 24 Jun 2026US$63.0bUS$14.3bUS$5.3b11.6x11.9x4.4x
Fri, 22 May 2026US$63.0bUS$14.3bUS$5.3b12x11.9x4.4x
Sun, 19 Apr 2026US$66.5bUS$14.1bUS$5.7b9.1x11.7x4.7x
Tue, 17 Mar 2026US$62.9bUS$14.1bUS$5.7b9.3x11x4.5x
Thu, 12 Feb 2026US$67.1bUS$12.6bUS$5.2b12.3x12.9x5.3x
Sat, 10 Jan 2026US$65.9bUS$12.6bUS$4.2b12.7x15.8x5.2x
Mon, 08 Dec 2025US$65.3bUS$12.6bUS$4.2b13.1x15.7x5.2x
Wed, 05 Nov 2025US$62.1bUS$12.5bUS$4.3b12.4x14.3x5x
Fri, 03 Oct 2025US$61.2bUS$10.4bUS$2.3b13.5x26.1x5.9x
Sun, 31 Aug 2025US$63.0bUS$10.4bUS$2.3b14x26.9x6x
Tue, 29 Jul 2025US$62.3bUS$10.3bUS$2.2b11.7x27.8x6x
Thu, 26 Jun 2025US$57.7bUS$10.5bUS$2.4b11.4x23.7x5.5x
Sat, 24 May 2025US$55.4bUS$10.5bUS$2.4b12.3x22.7x5.3x
Mon, 21 Apr 2025US$48.5bUS$11.2bUS$3.6b10.4x13.6x4.3x
Wed, 19 Mar 2025US$57.6bUS$11.2bUS$3.6b12.2x16.2x5.1x
Fri, 14 Feb 2025US$56.3bUS$11.1bUS$3.9b11.7x14.6x5.1x
Sun, 12 Jan 2025US$51.4bUS$10.3bUS$2.5b10.2x20.8x5x
Tue, 10 Dec 2024US$55.8bUS$10.3bUS$2.5b10.6x22.6x5.4x
Thu, 07 Nov 2024US$54.6bUS$10.2bUS$2.2b10.9x24.4x5.4x
Sat, 05 Oct 2024US$41.1bUS$8.7bUS$1.8b14.6x22.3x4.7x
Mon, 02 Sep 2024US$42.2bUS$8.7bUS$1.8b15.9x22.9x4.8x
Wed, 31 Jul 2024US$41.0bUS$8.8bUS$2.4b10.5x17.2x4.7x
Fri, 28 Jun 2024US$46.6bUS$9.5bUS$2.9b9.9x15.8x4.9x
Sun, 26 May 2024US$46.2bUS$9.5bUS$2.9b10.6x15.7x4.8x
Tue, 23 Apr 2024US$43.5bUS$8.8bUS$2.3b12.8x19.1x5x
Thu, 21 Mar 2024US$45.2bUS$8.8bUS$2.3b13.5x19.8x5.2x
Sat, 17 Feb 2024US$45.3bUS$8.1bUS$2.1b11.6x21.1x5.6x
Mon, 15 Jan 2024US$48.4bUS$8.3bUS$2.4b11.2x20x5.8x
Wed, 13 Dec 2023US$47.5bUS$8.3bUS$2.4b10.8x19.7x5.7x
Fri, 10 Nov 2023US$43.9bUS$8.3bUS$2.4b10.6x18.2x5.3x
Sun, 08 Oct 2023US$40.6bUS$8.0bUS$2.2b10.5x18.4x5.1x
Tue, 05 Sep 2023US$46.1bUS$8.0bUS$2.2b11.9x20.9x5.8x
Price to Earnings Ratio

20.9x


Total Market Cap: US$46.1bTotal 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 18.3x202420252026
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 8.7x which is lower than its 3-year average PE of 18.3x.
  • 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 Market0.25%
Financials0.85%
Mortgage REITs-1.00%
Mortgage REITs-1.00%
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$10.900.09%
+US$11.9m		11.7%PE6.2x
FBRT Franklin BSP Realty TrustUS$8.460.8%
+US$5.8m		-26.8%PE19.8x
LFT Lument Finance TrustUS$0.7411.4%
+US$4.0m		-66.9%PS9x
SACH Sachem CapitalUS$0.898.1%
+US$3.2m		-27.9%PS4.5x
NREF NexPoint Real Estate FinanceUS$17.240.9%
+US$3.0m		14.9%PE5.2x

Latest News

NLY
US$23.04
Annaly Capital Management
7D
-0.5%
1Y
8.7%
Seeking Alpha • Aug 28

Annaly Capital: Three Return Streams Support A Premium To Book

Summary Annaly Capital Management is rated Buy at $22.94, with a base case fair value of $25.55, implying 11.4% price upside. NLY's diversified allocation across Agency MBS, Residential Credit, and MSR supports a blended target return of 14.58%, well above its 11.5% cost of equity. Agency segment growth, falling funding costs, and rising asset yields are driving returns toward management’s 14%-16% target range. Forward dividend yield of 12.99% positions NLY for a potential total return of 24.5% over the next twelve months. Read the full article on Seeking Alpha
BXMT
US$13.73
Blackstone Mortgage Trust
7D
-3.8%
1Y
-29.8%
DX
US$12.91
Dynex Capital
7D
-0.9%
1Y
2.3%
Seeking Alpha • Aug 23

Dynex Capital: A 15% Yield Built To Absorb A Rate Hit

Summary Dynex Capital remains a Buy as the discount to book value has closed, but income-led returns and peer-relative value persist. DX's portfolio is now ~90% specified pools, positioning for an AI-driven, refinancing-easier world and providing a latent edge not yet fully priced. Yield is supported by durable spread income and hedge gains, with per share NII rising sequentially and leverage declining despite significant portfolio growth. Key risks include rate trajectory and funding stress, but current hedging, liquidity, and scaling support a mid-single-digit total return even in stress scenarios. Read the full article on Seeking Alpha
CMTG
US$1.62
Claros Mortgage Trust
7D
-9.5%
1Y
-56.2%
New Narrative • Aug 20

Deleveraging And Loan Resolutions Will Set Up A Stronger Future Earnings Base

Catalysts About Claros Mortgage Trust Claros Mortgage Trust is a commercial real estate finance company focused on loans secured by transitional and income-producing properties. What are the underlying business or industry changes driving this perspective?
STWD
US$15.81
Starwood Property Trust
7D
-3.5%
1Y
-22.0%
AOMR
US$8.34
Angel Oak Mortgage REIT
7D
1.2%
1Y
-15.4%
SACH
US$0.89
Sachem Capital
7D
8.1%
1Y
-27.9%
ABR
US$5.06
Arbor Realty Trust
7D
-2.5%
1Y
-57.6%
LFT
US$0.74
Lument Finance Trust
7D
11.4%
1Y
-66.9%
AGNC
US$10.90
AGNC Investment
7D
0.09%
1Y
11.7%
KREF
US$7.59
KKR Real Estate Finance Trust
7D
0.1%
1Y
-21.2%
Narrative Update • Aug 15

KREF: Future Returns Will Lean On Higher For Longer Rate Support

Analysts now see fair value for KKR Real Estate Finance Trust at $9.50 instead of $8.00, even as recent Street targets have shifted to a range of $6.00 to $7.50. This reflects updated views on discount rates, profit margin assumptions and future P/E levels.
NREF
US$17.24
NexPoint Real Estate Finance
7D
0.9%
1Y
14.9%
RITM
US$10.08
Rithm Capital
7D
-1.1%
1Y
-18.6%
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
FBRT
US$8.46
Franklin BSP Realty Trust
7D
0.8%
1Y
-26.8%
RWT
US$4.62
Redwood Trust
7D
-3.8%
1Y
-24.5%