Mortgage REITs Have Been Down So Long, They’re Starting To Look Up, But MBS Investments Continue to Shrink
February 5, 2016
The outlook for publicly traded real estate investment trusts that invest in agency MBS and related products is starting to improve, in part, because competing investments are looking ugly. That might seem like a small consolation prize for REITs, but several are posting decent earnings, even though the book value of their common stock is relatively weak. Meanwhile, while certain investors shun their stocks, many companies have engaged...