Mortgage REITs (mREITs)
Mortgage REITs don't own buildings — they finance real estate and earn the interest-rate spread. They're a different animal from equity REITs: higher yields, more rate-sensitive, and judged on book value rather than rent and FFO. We keep them on their own page so they don't skew the equity-REIT lists.
39mortgage REITs tracked
$61.32Bcombined market value
13.5%median yield
mREIT lists
Equity vs. mortgage REITs →Every list below is scoped to mortgage REITs only.
All mortgage REITs (highest yield first)
| Ticker | Name | Sector | Price | Chg | Mkt cap | Yield | P/OCF | Payout (OCF) |
|---|---|---|---|---|---|---|---|---|
CMTG Listed
|
Claros Mortgage Trust, Inc. | Mortgage | $1.60 | +5.26% | $225.73M | 25.00% | -7.38 | -184.59% |
LFT Listed
|
Lument Finance Trust, Inc. | Mortgage | $0.71 | -0.01% | $37.43M | 22.44% | 3.70 | 82.93% |
IVR Listed
|
Invesco Mortgage Capital Inc. | Mortgage | $7.10 | -0.56% | $764.25M | 20.28% | 3.00 | 60.78% |
GPMT Listed
|
Granite Point Mortgage Trust Inc. | Mortgage | $1.07 | +3.88% | $51.57M | 18.69% | 19.21 | 358.98% |
ORC Listed
|
Orchid Island Capital, Inc. | Mortgage | $6.52 | +0.00% | $1.30B | 18.40% | 6.95 | 127.82% |
ARR Listed
|
ARMOUR Residential REIT, Inc. | Mortgage | $16.13 | -0.12% | $2.28B | 17.85% | 12.24 | 218.59% |
REFI Listed
|
Chicago Atlantic Real Estate Finance, Inc. | Mortgage | $10.86 | -0.18% | $278.25M | 17.31% | 8.08 | 139.94% |
PMT Listed
|
PennyMac Mortgage Investment Trust | Mortgage | $9.63 | +1.26% | $839.76M | 16.61% | -0.12 | -1.93% |
MFA Listed
|
MFA Financial, Inc. | Mortgage | $8.87 | +0.57% | $896.65M | 16.23% | 12.25 | 198.89% |
RWT Listed
|
Redwood Trust, Inc. | Mortgage | $4.48 | -0.22% | $562.74M | 16.07% | -0.06 | -0.93% |
SUNS Listed
|
Sunrise Realty Trust, Inc. | Mortgage | $7.47 | +0.13% | $100.96M | 16.06% | -27.82 | -446.84% |
DX Listed
|
Dynex Capital, Inc. | Mortgage | $12.83 | +0.63% | $3.17B | 15.90% | 13.28 | 211.17% |
CIM Listed
|
Chimera Investment Corporation | Mortgage | $11.57 | +0.78% | $968.55M | 15.56% | -3.90 | -60.71% |
AOMR Listed
|
Angel Oak Mortgage, Inc. | Mortgage | $8.25 | +0.00% | $191.52M | 15.52% | 10.79 | 167.44% |
SEVN Listed
|
Seven Hills Realty Trust | Mortgage | $7.51 | +1.21% | $143.18M | 14.91% | 7.61 | 113.50% |
ARI Listed
|
Apollo Commercial Real Estate Finance, Inc. | Mortgage | $6.88 | +0.29% | $882.10M | 14.53% | 6.70 | 97.44% |
MITT Listed
|
TPG Mortgage Investment Trust Inc | Mortgage | $6.77 | +0.74% | $215.31M | 14.18% | 3.53 | 50.06% |
BRSP Listed
|
BrightSpire Capital, Inc. | Mortgage | $4.66 | -0.64% | $589.60M | 13.73% | 8.10 | 111.20% |
CHMI Listed
|
Cherry Hill Mortgage Investment Corporation | Mortgage | $2.95 | +0.68% | $108.99M | 13.56% | -22.87 | -310.13% |
AGNC Listed
|
AGNC Investment Corp. | Mortgage | $10.66 | +0.38% | $12.64B | 13.51% | 16.71 | 225.75% |
BXMT Listed
|
Blackstone Mortgage Trust, Inc. | Mortgage | $14.16 | +1.00% | $2.39B | 13.28% | 8.78 | 116.51% |
ACRE Listed
|
Ares Commercial Real Estate Corporation | Mortgage | $4.55 | +0.00% | $252.44M | 13.19% | 11.69 | 154.22% |
NLY Listed
|
Annaly Capital Management, Inc. | Mortgage | $22.83 | +0.53% | $17.21B | 13.14% | 21.12 | 277.54% |
ABR Listed
|
Arbor Realty Trust | Mortgage | $5.19 | +0.58% | $968.24M | 13.10% | 2.75 | 35.98% |
ADAM Listed
|
Adamas Trust, Inc. | Mortgage | $9.70 | +0.94% | $871.83M | 12.37% | 6.62 | 81.92% |
TRTX Listed
|
TPG RE Finance Trust, Inc. | Mortgage | $7.85 | +0.64% | $602.64M | 12.23% | 6.90 | 84.40% |
STWD Listed
|
Starwood Property Trust, Inc. | Mortgage | $15.88 | +0.38% | $5.88B | 12.09% | 5.48 | 66.20% |
EFC Listed
|
Ellington Financial Inc. | Mortgage | $13.35 | +0.15% | $1.72B | 11.69% | 2.61 | 30.47% |
NREF Listed
|
NexPoint Real Estate Finance, Inc. | Mortgage | $17.66 | +0.57% | $332.86M | 11.33% | 38.62 | 437.36% |
RPT Listed
|
Rithm Property Trust Inc. | Mortgage | $12.82 | +2.64% | $99.64M | 11.23% | -21.59 | -242.52% |
TWO Listed
|
Two Harbors Investment Corp. | Mortgage | $12.18 | +1.08% | $1.28B | 11.17% | 14.27 | 159.32% |
LOAN Listed
|
Manhattan Bridge Capital, Inc. | Mortgage | $4.10 | +1.23% | $46.84M | 10.73% | 9.51 | 102.10% |
AOMN Listed
|
Angel Oak Mortgage REIT, Inc. 9 | Mortgage | $25.28 | -0.36% | $586.87M | 9.39% | 33.07 | 310.69% |
FBRT Listed
|
Franklin BSP Realty Trust, Inc. | Mortgage | $8.53 | +0.24% | $708.38M | 9.38% | 2.52 | 23.62% |
LADR Listed
|
Ladder Capital Corp | Mortgage | $9.82 | +0.10% | $1.25B | 9.37% | 14.24 | 133.42% |
ACR Listed
|
ACRES Commercial Realty Corp. | Mortgage | $14.14 | +0.71% | $100.83M | 7.78% | 25.55 | 198.79% |
KREF Listed
|
KKR Real Estate Finance Trust Inc. | Mortgage | $7.56 | -0.40% | $442.85M | 5.29% | 6.99 | 36.97% |
SACH Listed
|
Sachem Capital Corp. | Mortgage | $0.88 | +1.32% | $42.32M | 4.53% | 15.55 | 70.46% |
RC Listed
|
Ready Capital Corporation | Mortgage | $1.76 | +0.57% | $290.74M | 2.27% | -1.45 | -3.29% |
The cash-flow and EBITDA-based ratios shown are computed from GAAP but are not directly comparable to equity REITs — mREITs are analyzed on book value per share and net interest margin. Research only — not investment advice. See Methodology.