NYMTP - Solid Double-Digit Discounts On Mortgage REITs

• We’re highlighting our bullish outlook on Annaly Capital Management.
• The largest mortgage REIT in the sector still trades at a discount of 18% to estimated book value.
• 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: