- We take a look at the hybrid mortgage REIT preferreds sector as Q4 earnings are beginning to come through.
- Hybrid mREITs have maintained a more stable book value profile over the last few quarters while many agency mREITs have seen double-digit declines.
- The sub-sector has outperformed the broader preferreds space year-to-date, despite its higher-yielding profile.
- A number of attractive securities with good portfolio credit metrics now offer yields north of 8%.
- We highlight AAIC.PC, NYMTM, CIM.PA and GPMT.PA.
For further details see:
8%+ Yield Opportunities In Hybrid mREIT Preferreds