Market cap of largest mortgage REITs in the U.S. 2019-2023

As of November 2023, the ten leading mortgage real estate investment trusts (REITs) in the United States had a combined market capitalization of about 32.3 billion U.S. dollars. All REITs in the list experienced a decrease in market capitalization in 2022, showing a recovery for the majority of them as of 2023. The home financing mortgage REIT Annaly Capital Management, Inc. saw its market cap increase from 7.4 billion U.S. dollars to 7.71 billion U.S. dollars. According to the source, mortgage REITs generate income from the interest on investments in mortgages and mortgage backed securities of income-producing residential and commercial properties.
The REITs sector grew substantially in 2021, with the market cap reaching record high. Nevertheless, the year-to-date total returns for all property segments were negative as of September 2022.