AAIC - Mortgage REITs Rally Like It's June 8 2020
- Mortgage REITs are putting on a massive rally over the last week or two. That’s great as several have been severely undervalued.
- It wasn’t that long ago that we had almost nothing but bullish ratings. Today, we have several lower ratings.
- 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 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:
Mortgage REITs Rally Like It's June 8, 2020