- One of the mortgage REITs we own, PMT, still trades around a 15% discount to projected book value. That’s still attractive.
- Investors in the sector need to have the discipline to stick to an investing strategy. We’ve enjoyed great success using discounts to (current estimated) book value.
- 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:
15% Discount To Book Value Is Still Good