- We’re highlighting two good mortgage REITs trading at substantial discounts to book value: CMO and NYMT. We're bullish on both.
- Each trades at a large enough discount to offer substantial upside, and the portfolio of MBS they carry is capable of performing well in this environment.
- 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:
Quick And Dirty Discounts To Book Value