2024-07-21 18:29:07 ET
Summary
- After a terrible start to the year, mortgage REITs are hot in July.
- Don’t tell ORC. They missed most of the rally. If only it was an opportunity to destroy book value. They're so good at that.
- Quick commentary on MAIN.
- Sharing our predictions for AGNC before earnings areannounced.
Brief article for this weekend. I want to cover some earnings projections for the mortgage REITs and BDCs.
We have some preliminary results from a few companies already.
Main Street Capital
We have Main Street Capital ( MAIN ) establishing a preliminary figure in the $29.77 to $29.83 range. Midpoint is $29.80. That's quite similar to our estimate of $29.90.
MAIN also previewed net investment income in the $1.00 to $1.02 range. That comes in very slightly under our projections and below the two prior quarters....
Read the full article on Seeking Alpha
For further details see:
Mortgage REITs Surging