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XAN - Margin Calls And mREITs: Where To Find Safety
Exantas Capital Corp.
Co-produced with Beyond Saving
On Monday, March 23, we saw the non-agency mortgage REIT sector take a huge hit. Several mREITs announced that they had margin calls that they did not expect to have the ability to pay. This was quickly followed by suspensions of the common and preferred dividends among several of these REITs.
This created a fantastic buying opportunity but also created elevated risk. When choosing where to invest in the mREIT sector, it's crucial to understand the nature of their holdings. Many tend to lump all mREITs together, but that's as unreasonable