Biggest Dividend

Mortgage REIT

Alesco Financial (AFN)

Invests in subordinated debt financings issued by middle market banks and insurance companies, residential mortgage backed securities, and leveraged loans issued by middle market corporations.

American Mortgage Acceptance (AMC)

Originates and invests in mezzanine loans, bridge loans, and mortgages secured by multifamily housing and commercial properties in the U.S.

Annaly Mortgage Management (NLY)

Invests in single-family, adjustable-rate and fixed-rate mortgage-backed securities that are guaranteed by quasi-government agencies such as Fannie Mae and Freddie Mac.

Anworth Mortgage Asset (ANH)

Invests in single-family, adjustable-rate and fixed-rate mortgage-backed securities that are guaranteed by quasi-government agencies such as Fannie Mae and Freddie Mac.

Arbor Realty Trust (ABR)

Provides specialty financing, such as mezzanine and bridge loans for multifamily and commercial real estate, with principal amounts under $40 million. May also Arbor take ownership position in financed property.

Ashford Hospitality (AHT)

Invests in hospitality properties via direct equity investments, first mortgages, mezzanine loans and sale-leaseback transactions.

BRT Realty (BRT)

Originates and holds senior and junior real estate mortgage loans secured by multi-family residential properties, office buildings, shopping centers, mixed use buildings, hotels/motels, and industrial buildings.

Capital Alliance Income (CAA)

Originates and invests in conforming and non-conforming (too big for Fannie Mae & Freddie Mac) mortgages on one-to-four-unit-residential properties located primarily in California and other western states. Also originates loans for sale to investors.

CapLease (LSE)

Finances commercial real estate that is net leased primarily to single tenants with investment grade or near investment grade credit ratings.

Capital Trust (CT)

Makes mezzanine and other types of specialty backed by  commercial real estate assets. Also manages similar investments for institutional investors.

Capstead Mortgage (CMO)

Invests in single-family residential adjustable-rate mortgages insured by quasi-government entities such as Fannie Mae.

CBRE Realty Finance (CBF)

Originates and buys loans and other securities backed by commercial real estate properties.

Countrywide Financial (CFC)

Originates residential real estate mortgages. Has agreed to be acquired by Bank of America.

Deerfield Capital (DFR)

Invests in corporate loans, commercial real estate loans and residential mortgage-backed securities.

Dynex Capital (DX)

Invests in loans secured by single-family residential and commercial property mortgages, manufactured housing installment loans and delinquent property tax receivables.

Gramercy Capital (GKK)

Originates and acquires senior loans, mezzanine loans and distressed property loans secured by commercial and multi-family properties.

IMPAC Mortgage Holdings (IMH)

Invests in nonconforming (too big for Fannie Mae & Freddie Mac) residential mortgage loans, including second-mortgages.

iStar Financial (SFI)

Provides custom- tailored investment capital mostly to high-end private and corporate owners of commercial real estate. Financing includes senior and mezzanine real estate debt, senior and mezzanine corporate capital, as well as corporate net lease financing and equity. iStar has also financed high-rise condominium construction projects.

JER Investors (JRT)

Invests in securities backed by commercial real estate including mortgage backed securities, mezzanine loans, first mortgage loan participations, and B-Note participations in mortgage loans.

Luminent Mortgage Capital (LUM)

Invests in residential mortgage-backed securities. Filed to change from REIT to publicly-traded partnership.

MFA Mortgage Investments (MFA)

Invests in mortgages insured or guaranteed by the quasi-government agencies such as Fannie Mae.

National Health Investors (NHI)

Finances mostly long-term health care properties via first mortgages and purchase and leaseback transactions.

Newcastle Investment (NCT)

Invests in mortgages on residential, manufactured housing, and commercial properties.

NorthStar Realty Finance (NRF)

Primarily originates and invests in debt and other securities secured by commercial real estate properties. Also takes ownership positions in commercial properties.

Origen Financial (ORGN)

Originates and services manufactured housing loans.

PMC Commercial Trust (PCC)

Originates loans to small businesses such as motels, franchises, shopping centers, apartments, office buildings, retail stores, and factories, primarily secured by related real estate.

RAIT Investment Trust (RAS)

Invests in commercial mortgages, mezzanine loans and other loans, trust preferred securities, subordinated debentures and other real estate-related debt securities and investments.

Redwood Trust (RWT)

Invests in residential and commercial real estate loans, and in asset-backed securities backed by real estate loans. It credit-enhances loans by acquiring and managing the first-loss and credit-sensitive securities that bear the credit risk of securitized loans.

Resource Capital (RSO)

Invests in commercial real estate-related assets such as whole loans, A-notes, B-notes, mezzanine loans and mortgage-related securities and commercial finance assets such as other asset-backed securities, senior secured corporate loans, equipment leases and notes, trust preferred securities, debt tranches of collateralized debt obligations and private equity investments principally issued by financial institutions.

Thornburg Mortgage (TMA)

Originates, acquires, and retains investments in adjustable and variable rate residential mortgage (ARM) assets.

Vestin Realty Mortgage I (VRTA)

Makes commercial real estate loans, primarily to real estate developers, in nine states.

Leave a Reply