BX
2nd
Blackstone
$102.43Bn
136.10
-1.15%
-19.89%
The company manages a significant real estate debt business via Blackstone Real Estate Debt Strategies, which invests in commercial mortgage loans and related securities.
TPG
2nd
Tpg
$20.58Bn
52.65
-1.07%
-9.43%
TPG manages the TPG RE Finance Trust and other real estate debt opportunities, which align with the activities of mortgage REITs or credit-based real estate investment vehicles.
NLY
Annaly Capital Management
$17.12Bn
22.81
-0.09%
+4.63%
Annaly is a real estate investment trust (REIT) whose assets consist of mortgage-backed securities, residential whole loans, and mortgage servicing rights rather than physical buildings. Its revenue is derived from the net interest spread between the yield on these mortgage assets and its financing costs.
AGNC
AGNC Investment
$12.40Bn
10.65
-0.09%
+7.04%
AGNC Investment Corp. is a REIT whose assets are mortgage-backed securities rather than physical buildings, specifically investing in Agency residential mortgage-backed securities. Its revenue is derived from the net interest spread on these levered mortgage portfolios and realized gains from hedging activities.
SWDR
2nd
Starwood Real Estate Income Trust
$5.98Bn
15.25
+11,630.77%
—
The company has a specific 'Investment in Real Estate Debt' segment that holds loans secured by real estate and related securities to generate interest income.
STWD
Starwood Property Trust
$5.96Bn
16.08
+1.20%
-20.63%
The company is explicitly structured as a real estate investment trust (REIT) whose primary revenue is generated from interest income on a diversified portfolio of mortgage loans, including first mortgages, mezzanine loans, and CMBS. Its Commercial and Residential Lending Segment holds billions in mortgage assets, fitting the definition of a Mortgage REIT.
RITM
Rithm Capital
$5.63Bn
10.09
+0.30%
-18.30%
Rithm Capital operates as an internally managed real estate investment trust (REIT) whose investment portfolio primarily consists of residential mortgage loans, non-agency securities, and excess mortgage servicing rights. It earns revenue from net interest income and investment returns on these mortgage-backed assets rather than primarily from renting physical property.
TWO-PC
Two Harbors Investment
$2.66Bn
25.30
+0.04%
+5.15%
Two Harbors Investment Corp. is a REIT whose assets consist of mortgage servicing rights and Agency residential mortgage-backed securities (RMBS) rather than physical buildings. Its revenue is derived from interest payments on mortgage pass-through certificates and contractual servicing fees, fitting the profile of a Mortgage REIT.
BXMT
Blackstone Mortgage Trust
$2.39Bn
14.19
+0.28%
-26.97%
Blackstone Mortgage Trust is a REIT whose assets are mortgage loans and debt investments collateralized by commercial real estate rather than physical buildings. Its revenue is primarily generated from interest income on a portfolio of senior floating rate mortgages and other credit-oriented investments.
ARR
Armour Residential REIT
$2.23Bn
16.34
+1.24%
+4.54%
Armour Residential REIT is a REIT whose assets consist of agency mortgage-backed securities and U.S. Treasury securities rather than physical buildings. Its revenue is derived from the net interest spread between the yield on these mortgage assets and the cost of its repurchase agreement financing.
ORC
Orchid Island Capital
$1.31Bn
6.55
+0.61%
-8.26%
Orchid Island Capital is a REIT whose assets consist of residential mortgage-backed securities (RMBS), including traditional pass-throughs and structured instruments like interest-only and principal-only securities. Its revenue is derived from the net interest margin on these leveraged mortgage portfolios rather than from renting physical property.
LADR
Ladder Capital
$1.25Bn
9.84
+0.20%
-16.33%
Ladder Capital is a REIT whose primary revenue is derived from net interest income on a large portfolio of balance sheet first mortgage loans and commercial mortgage-backed securities (CMBS). Its core business involves originating and holding mortgage assets to earn a net interest spread, which is the defining characteristic of a Mortgage REIT.
ABR
Arbor Realty Trust
$990.26Mn
5.24
+0.96%
-55.86%
Arbor Realty Trust is explicitly described as a real estate investment trust (REIT) whose assets consist of a $12.1 billion loan and investment portfolio. Its revenue is primarily derived from net interest spread on bridge loans, mezzanine loans, and mortgage-related securities rather than from renting physical property.
TRST
2nd
Trustco Bank Corp N Y
$986.25Mn
57.92
+0.56%
+42.24%
The company holds a real estate investment trust (REIT) subsidiary that specifically manages mortgage assets and distributes earnings as dividends, which matches the definition of a Mortgage REIT.
CIM
Chimera Investment
$976.07Mn
11.66
+0.69%
-17.83%
Chimera Investment Corp is a REIT that generates its primary revenue from net interest income on a diversified portfolio of mortgage assets, including residential mortgage loans, RMBS, and CMBS. It explicitly identifies as a mortgage REIT and uses securitization and repurchase agreements to finance these mortgage-backed assets.
CMRF
Cim
$917.84Mn
2.10
+0.00%
—
The company is a REIT that generates a primary portion of its revenue from interest income on a $3.5 billion credit portfolio consisting of senior secured mortgage loans and real estate related securities. Its 'Credit' segment specifically focuses on originating and acquiring first and second lien mortgage loans.
MFA
Mfa Financial
$904.74Mn
8.95
+0.90%
-12.25%
MFA Financial is an internally-managed REIT that earns revenue primarily from interest income and net gains on residential whole loans and residential mortgage securities (Agency and Non-Agency MBS). Its business model focuses on credit and interest-rate exposure to residential mortgage assets rather than renting physical property.
ARI
Apollo Commercial Real Estate Finance
$883.38Mn
6.89
+0.29%
-36.73%
The company is explicitly described as a real estate investment trust (REIT) that generates revenue primarily through interest income from commercial mortgage loans and subordinate financings. Its assets consist of a loan portfolio totaling $8.8 billion rather than physical buildings, which aligns with the definition of a Mortgage REIT.
ADAM
Adamas Trust
$876.33Mn
9.75
+0.52%
+32.29%
Adamas Trust is a REIT whose assets consist of mortgage-related residential assets, including Agency and non-Agency RMBS and residential loans. Its revenue is primarily derived from net interest spread on these levered mortgage portfolios and gains on the sale of securities.
PMT
PennyMac Mortgage Investment Trust
$840.63Mn
9.64
+0.21%
-23.31%
The company is explicitly identified as a mortgage REIT that invests in mortgage-related assets, including mortgage-backed securities and mortgage servicing rights. Its revenue is derived from net interest income on these mortgage portfolios and gains on the sale of loans.
FISI
2nd
Financial Institutions
$821.76Mn
41.70
+1.26%
+52.75%
The company operates Five Star REIT, Inc., a subsidiary specifically structured as a REIT to hold residential mortgages and commercial real estate loans.
IVR
Invesco Mortgage Capital
$738.20Mn
7.21
+1.69%
-9.65%
The company is a REIT whose assets consist of mortgage-backed securities (Agency RMBS, Agency CMBS, non-Agency RMBS, and non-Agency CMBS) rather than physical buildings. Its revenue is generated primarily from interest income on these mortgage portfolios and gains from the sale of securities.
FBRT
Franklin BSP Realty Trust
$648.00Mn
8.59
+0.70%
-26.33%
The company is a REIT that generates revenue from a portfolio of commercial real estate debt investments, including first mortgage loans, mezzanine loans, and commercial mortgage-backed securities (CMBS). Its primary business is earning a spread on these mortgage assets rather than renting physical property.
TRTX
TPG RE Finance Trust
$608.18Mn
7.90
+0.51%
-15.87%
The company is a REIT whose assets are commercial real estate mortgage loans and senior participation interests rather than physical buildings. It generates revenue from the net interest spread on these levered mortgage portfolios, as well as extension and exit fees.
GCBC
2nd
Greene County Bancorp
$607.01Mn
35.65
+1.65%
+52.29%
The company operates Greene Property Holdings, Ltd., which is organized as a real estate investment trust (REIT) that holds and manages mortgage loans and notes transferred from the bank.
BRSP
BrightSpire Capital
$590.87Mn
4.67
+0.43%
-20.85%
BrightSpire Capital is explicitly described as a commercial real estate credit mortgage REIT that generates its principal revenue from interest income on senior mortgage loans, mezzanine loans, and preferred equity investments. Its core activity is managing a portfolio of commercial real estate debt rather than owning physical property for rent.
RWT
Redwood Trust
$565.23Mn
4.50
+0.67%
-26.71%
The company explicitly states it operates under a REIT structure and generates revenue from net interest income on its investment portfolio of residential consumer and residential investor housing credit assets. Its business model focuses on the credit and interest-rate exposure of mortgage-backed securities and retained interests from its own securitizations.
KREF
KKR Real Estate Finance Trust
$448.71Mn
7.66
+1.19%
-21.44%
The company is structured as a real estate investment trust (REIT) whose assets are mortgage loans and debt-oriented instruments rather than physical buildings. It generates revenue primarily from interest income on a $5.9 billion portfolio of senior commercial real estate loans, mezzanine loans, and preferred equity.
TPTS
Terra Property Trust
$387.98Mn
15.94
-0.31%
—
Terra Property Trust is a REIT that generates its chief revenue from interest income on a loan portfolio consisting of first mortgages, mezzanine debt, and credit facilities. Its primary business activity is investing in commercial real estate credit rather than owning and leasing physical buildings.
NREF
NexPoint Real Estate Finance
$335.31Mn
17.79
+0.57%
+18.44%
The company is explicitly described as a commercial mortgage real estate investment trust (REIT) that generates revenue primarily from interest income on first lien mortgage loans, mezzanine loans, and commercial mortgage-backed securities. Its earnings are derived from credit and interest-rate exposure rather than from renting physical property.
RC
Ready Capital
$289.12Mn
1.75
-1.13%
-58.92%
Ready Capital is structured as a real estate investment trust (REIT) whose primary assets are mortgage loans, including LMM Commercial Real Estate and SBA loans. Its revenue is primarily derived from interest earned on its loan portfolio and gains from the sale of loans and securitization transactions.
NXDT
2nd
Nexpoint Diversified Real Estate Trust
$288.90Mn
5.44
-0.73%
+45.45%
The company earns significant interest income from mortgage loans, mezzanine loans, and preferred equity investments, acting as a credit provider within the real estate capital structure.
CFTR-PA
2nd
Cantor Fitzgerald Income Trust
$270.37Mn
25.15
+0.36%
—
The company generates revenue from interest on debt investments and intends to invest up to 20 percent of its assets in real estate related securities. Its revenue stream explicitly includes interest payments on loans and securities secured by commercial real estate.
ACRE
Ares Commercial Real Estate
$253.55Mn
4.57
+0.44%
-6.73%
The company is a REIT whose assets consist of commercial real estate loans, subordinated debt, and mezzanine loans rather than physical buildings. It generates revenue primarily from the net interest spread on these levered mortgage portfolios and related origination fees.
REFI
Chicago Atlantic Real Estate Finance
$233.39Mn
10.95
+0.83%
-22.45%
The company is explicitly described as a commercial mortgage real estate investment trust (REIT) that originates and invests in first mortgage loans and alternative structured financings. Its revenue is primarily generated from interest income earned on its loan portfolio and origination fees, fitting the profile of a Mortgage REIT.
CMTG
Claros Mortgage Trust
$228.56Mn
1.62
+1.25%
-56.22%
Claros Mortgage Trust is a real estate investment trust (REIT) whose assets consist of a $3.7 billion loan portfolio of senior and subordinate loans on transitional properties. Its revenue is derived from the net interest spread on these mortgage assets and loan origination fees, fitting the profile of a mortgage REIT.
MITT
TPG Mortgage Investment Trust
$215.94Mn
6.79
+0.30%
-12.16%
The company is explicitly structured as a residential mortgage real estate investment trust (REIT) that generates revenue primarily through net interest income from a portfolio of residential mortgage-related assets, including Non-Agency Loans and Agency RMBS.
AOMR
Angel Oak Mortgage REIT
$193.08Mn
8.33
+0.60%
-15.35%
The company is explicitly structured as a REIT whose assets consist of residential mortgage loans and mortgage-backed securities rather than physical buildings. Its revenue is primarily derived from the interest spread on these levered mortgage portfolios and returns on bonds retained after securitizing loan collateral.
SEVN
Seven Hills Realty Trust
$170.90Mn
7.54
+0.40%
-29.27%
Seven Hills Realty Trust is structured as a REIT whose assets are mortgage loans rather than physical buildings, specifically floating rate first mortgage loans and subordinated/mezzanine loans. Its revenue is derived from net interest spread on these levered mortgage portfolios and loan origination and exit fees.
GHI
Greystone Housing Impact Investors
$151.98Mn
6.45
-1.38%
-40.66%
The company is a partnership that acquires and holds mortgage revenue bonds and governmental issuer loans, generating revenue primarily from interest income on these mortgage assets. Its business model of holding a portfolio of mortgage-backed securities and loans to generate a spread is characteristic of a Mortgage REIT structure.
CHMI
Cherry Hill Mortgage Investment
$109.36Mn
2.96
+0.34%
+2.07%
The company is structured as a REIT whose assets consist of residential mortgage-backed securities (RMBS) and mortgage servicing rights (MSRs) rather than physical buildings. It generates revenue from the net interest spread on these levered mortgage portfolios and servicing fees.
ACR
ACRES Commercial Realty
$104.80Mn
14.20
-0.28%
-32.54%
The company is a REIT that primarily generates income from the net interest spread on a commercial real estate loan portfolio with a carrying value of approximately 1.8 billion dollars. Its core activity is originating and holding transitional floating rate commercial real estate mortgage loans, which aligns with the definition of a Mortgage REIT.
RPT
2nd
Rithm Property Trust
$100.73Mn
12.96
+0.70%
-16.92%
A substantial portion of the company's revenue is derived from interest income generated by commercial real estate debt holdings, including senior, subordinated, and mezzanine loans. This activity matches the profile of a Mortgage REIT, where earnings come from credit and interest-rate exposure rather than just renting physical property.
IOR
Income Opportunity Realty Investors
$73.19Mn
18.00
-6.83%
-1.10%
The company generates revenue primarily from interest income earned on a portfolio of mortgage notes receivable secured by land and multifamily assets. It operates as a non-bank lender in the mortgage note investing niche, focusing on credit and interest-rate exposure rather than renting physical property.
GPMT
Granite Point Mortgage Trust
$50.13Mn
1.04
-2.80%
-64.51%
Granite Point Mortgage Trust is a REIT whose assets consist of senior floating rate commercial mortgage loans and other debt instruments rather than physical buildings. Its revenue is generated chiefly from interest income earned on this loan portfolio and origination fees, fitting the description of a Mortgage REIT.
LOAN
Manhattan Bridge Capital
$46.73Mn
4.09
-0.24%
-24.12%
The company operates with the intent to qualify as a real estate investment trust (REIT) and generates revenue from a portfolio of first mortgage loans. Its earnings are derived from the net interest spread on these levered mortgage portfolios and loan origination fees.
SACH
Sachem Capital
$43.16Mn
0.90
+2.27%
-29.13%
Sachem Capital operates as a real estate investment trust (REIT) whose assets are mortgage loans secured by first mortgage liens on real property. Its revenue is derived from net interest spread on these levered mortgage portfolios and loan origination and servicing fees.
LFT
Lument Finance Trust
$37.80Mn
0.72
+0.00%
-68.28%
Lument Finance Trust is a REIT whose assets consist of commercial real estate debt investments, including transitional floating rate mortgage loans and commercial mortgage-backed securities. Its revenue is primarily derived from net interest income on these mortgage portfolios and loan origination/servicing fees, fitting the definition of a Mortgage REIT.
DSS
2nd
Dss
$8.34Mn
0.83
-1.19%
-38.97%
The company operates AMRE, which is specifically described as a medical real estate investment trust (REIT) within its investment management division.
MKZR
2nd
MacKenzie Realty Capital
$3.29Mn
1.52
+2.70%
-74.28%
The company invests in illiquid or non-traded debt and equity securities issued by U.S. companies that own commercial real estate, earning interest income and dividend distributions from these mortgage-related or real estate debt assets.
PW
2nd
Power REIT
$2.79Mn
7.59
+4.69%
-20.11%
The trust maintains a Mortgage Loans segment consisting of various mortgage loan assets in Colorado, California, Oklahoma, and Maine, which produce interest income for the REIT.