AAIC - 3 More Mortgage REITs For Your Portfolio

• Risk is still high, but we’ve got quality mortgage REITs at substantial discount to book value. We don’t advocate going “all in,” but investors should be building positions.
• NLY, PMT and NYMT each demonstrate a substantial discount to book value. Each has often carried a very respectable price-to-book ratio in prior years.
• Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.
• In this series we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.
• When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.

For further details see: