Mortgage REITs — Best Value — Lowest Price / Operating Cash Flow

REITs trading at the lowest price-to-operating-cash-flow, a rough value screen. Cheap can also mean troubled — always read the profile.

Price / operating cash flow is a rough REIT valuation yardstick; the sector's preferred version is Price-to-FFO, built on funds from operations rather than GAAP cash flow. A low multiple can mean a bargain or a warning — the difference usually shows up in the balance sheet and the payout, and NAV offers a second, asset-based angle on the same question.

31 REITs · click any column header to re-sort

Ticker	Name	Sector	Price	Chg	Mkt cap	Yield	P/OCF	Payout (OCF)
☆ FBRT Listed	Franklin BSP Realty Trust, Inc.	Mortgage	$8.53	+0.24%	$708.38M	9.38%	2.52	23.62%
☆ EFC Listed	Ellington Financial Inc.	Mortgage	$13.35	+0.15%	$1.72B	11.69%	2.61	30.47%
☆ ABR Listed	Arbor Realty Trust	Mortgage	$5.19	+0.58%	$968.24M	13.10%	2.75	35.98%
☆ IVR Listed	Invesco Mortgage Capital Inc.	Mortgage	$7.10	-0.56%	$764.25M	20.28%	3.00	60.78%
☆ MITT Listed	TPG Mortgage Investment Trust Inc	Mortgage	$6.77	+0.74%	$215.31M	14.18%	3.53	50.06%
☆ LFT Listed	Lument Finance Trust, Inc.	Mortgage	$0.71	-0.01%	$37.43M	22.44%	3.70	82.93%
☆ STWD Listed	Starwood Property Trust, Inc.	Mortgage	$15.88	+0.38%	$5.88B	12.09%	5.48	66.20%
☆ ADAM Listed	Adamas Trust, Inc.	Mortgage	$9.70	+0.94%	$871.83M	12.37%	6.62	81.92%
☆ ARI Listed	Apollo Commercial Real Estate Finance, Inc.	Mortgage	$6.88	+0.29%	$882.10M	14.53%	6.70	97.44%
☆ TRTX Listed	TPG RE Finance Trust, Inc.	Mortgage	$7.85	+0.64%	$602.64M	12.23%	6.90	84.40%
☆ ORC Listed	Orchid Island Capital, Inc.	Mortgage	$6.52	+0.00%	$1.30B	18.40%	6.95	127.82%
☆ KREF Listed	KKR Real Estate Finance Trust Inc.	Mortgage	$7.56	-0.40%	$442.85M	5.29%	6.99	36.97%
☆ SEVN Listed	Seven Hills Realty Trust	Mortgage	$7.51	+1.21%	$143.18M	14.91%	7.61	113.50%
☆ REFI Listed	Chicago Atlantic Real Estate Finance, Inc.	Mortgage	$10.86	-0.18%	$278.25M	17.31%	8.08	139.94%
☆ BRSP Listed	BrightSpire Capital, Inc.	Mortgage	$4.66	-0.64%	$589.60M	13.73%	8.10	111.20%
☆ BXMT Listed	Blackstone Mortgage Trust, Inc.	Mortgage	$14.16	+1.00%	$2.39B	13.28%	8.78	116.51%
☆ LOAN Listed	Manhattan Bridge Capital, Inc.	Mortgage	$4.10	+1.23%	$46.84M	10.73%	9.51	102.10%
☆ AOMR Listed	Angel Oak Mortgage, Inc.	Mortgage	$8.25	+0.00%	$191.52M	15.52%	10.79	167.44%
☆ ACRE Listed	Ares Commercial Real Estate Corporation	Mortgage	$4.55	+0.00%	$252.44M	13.19%	11.69	154.22%
☆ ARR Listed	ARMOUR Residential REIT, Inc.	Mortgage	$16.13	-0.12%	$2.28B	17.85%	12.24	218.59%
☆ MFA Listed	MFA Financial, Inc.	Mortgage	$8.87	+0.57%	$896.65M	16.23%	12.25	198.89%
☆ DX Listed	Dynex Capital, Inc.	Mortgage	$12.83	+0.63%	$3.17B	15.90%	13.28	211.17%
☆ LADR Listed	Ladder Capital Corp	Mortgage	$9.82	+0.10%	$1.25B	9.37%	14.24	133.42%
☆ TWO Listed	Two Harbors Investment Corp.	Mortgage	$12.18	+1.08%	$1.28B	11.17%	14.27	159.32%
☆ SACH Listed	Sachem Capital Corp.	Mortgage	$0.88	+1.32%	$42.32M	4.53%	15.55	70.46%
☆ AGNC Listed	AGNC Investment Corp.	Mortgage	$10.66	+0.38%	$12.64B	13.51%	16.71	225.75%
☆ GPMT Listed	Granite Point Mortgage Trust Inc.	Mortgage	$1.07	+3.88%	$51.57M	18.69%	19.21	358.98%
☆ NLY Listed	Annaly Capital Management, Inc.	Mortgage	$22.83	+0.53%	$17.21B	13.14%	21.12	277.54%
☆ ACR Listed	ACRES Commercial Realty Corp.	Mortgage	$14.14	+0.71%	$100.83M	7.78%	25.55	198.79%
☆ AOMN Listed	Angel Oak Mortgage REIT, Inc. 9	Mortgage	$25.28	-0.36%	$586.87M	9.39%	33.07	310.69%
☆ NREF Listed	NexPoint Real Estate Finance, Inc.	Mortgage	$17.66	+0.57%	$332.86M	11.33%	38.62	437.36%

Research only — not investment advice. Yield is the latest declared dividend annualized (specials excluded); P/OCF and payout use GAAP operating cash flow. Open any profile for the company's reported FFO/AFFO and leverage from its latest 8-K. See Methodology.