Encouraging Signs For Mortgage REITs

JamesBrey/E+ via Getty Images Mortgage REITs or mREITs have generally been weak investments with a history of book value erosion. Most of the erosion has been caused by shocks to the financial system or unfavorable macro conditions. As such, we generally stay away from common shares of mREITs finding the preferreds more opportunistic. The macro environment is shifting, however, in ways that make the future of mREITs look significantly brighter. We believe the majority of mREITs will have strong 3Q24 reports ...