|
AG
Mortgage Investment (MITT)
Formerly Alexander Mortgage REIT, AG
Mortgage, externally managed by AG REIT Management, LP, went
public via a June 2011 IPO. AG invests in residential mortgage-backed
securities not insured by government agencies such as Fannie Mae and
Freddie Mac.
American Capital
Agency (AGNC)
Invests
in single-family, adjustable-rate
and fixed-rate mortgage-backed securities that are guaranteed by
government agencies. A May 2008 IPO controlled by American Capital
Strategies (ACAS).
American Capital
Mortgage Investment (MTGE)
An August 2011 IPO controlled by
American Capital Strategies,
MTGE invests
in a mixture of mortgage-backed
securities that are guaranteed by
government agencies, as well as those that are not agency guaranteed.
Annaly
Capital Management (NLY)
Invests in single-family,
adjustable-rate and fixed-rate mortgage-backed securities that are
guaranteed by government agencies.
Anworth
Mortgage Asset (ANH)
Invests
in single-family, adjustable-rate
and fixed-rate mortgage-backed securities that are guaranteed by
government agencies.
Apollo
Commercial R. E. Finance (AMTG)
This July 2011 IPO, externally managed
by a unit of Apollo Global Management, invests in residential
mortgage-backed securities insured by government agencies.
Apollo
Residential Mortgage (ARI)
This September 2009 IPO, externally managed
by Apollo Global Management, invests
in senior performing commercial real estate mortgage loans,
commercial mortgage-backed securities, and other commercial real
estate-related debt instruments.
Arbor
Realty Trust (ABR)
Provides specialty financing, such as mezzanine and bridge loans for
multifamily and commercial real estate. Externally managed by
Arbor Commercial Mortgage, LLC.
Suspended dividend payouts in February
2009. but resumed
in May 2012.
Ashford
Hospitality (AHT)
Invests
in hospitality properties via direct equity investments, first mortgages,
mezzanine loans and sale-leaseback transactions. Suspended dividend
payouts in December 2009, but resumed in March 2011.
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.
Suspended dividend payouts in December 2008.
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. Suspended
regular dividend payouts in December 2008, but declared a 2.00 per share special
dividend in December 2012.
Capstead
Mortgage (CMO)
Invests in single-family residential adjustable-rate mortgages
that are guaranteed by government agencies Fannie Mae
and Freddie Mac.
Care
Investment Trust (CVTR)
Invests
healthcare-related real estate and commercial mortgage debt. A
2007 IPO externally managed and advised by a unit of CIT Group.
Had planned to liquidate in 2009, but
instead was acquired by Tiptree Financial Partners. Reinstated
dividend in May 2011.
Chimera
Investment Trust (CIM)
An August 2007 IPO, Chimera invests
in residential mortgage-backed securities
including prime, jumbo, and Alt-A loans.
Externally managed by Annaly
Capital Management, Chimera invests in riskier loans than Annaly that it
purchases at a discount.
CIFC Deerfield Capital (DFR)
Invests in corporate loans, commercial real
estate loans and residential mortgage-backed securities. Merged with
CIFC in April 2011. Suspended dividend and did a 1-for-10 reverse
stock split in October 2008.
Colony Financial (CLNY)
This September 2009 IPO, externally
managed by Colony Capital, originates,
purchases, and manages commercial mortgage loans and other
commercial real estate related debts.
Crexus
Investment Corp. (CXS)
September 2009 IPO acquires, manages and finances commercial mortgage
loans, commercial real estate debt, and other commercial real estate-related assets.
Externally managed by Annaly
Capital Management, which, in November 2012, made an offer to buy
all outstanding shares of CXS.
Cypress
Investments (CYS)
A June 2009 IPO then known as
Cypress Sharpridge Investments and externally managed by Sharpridge
Advisors, Cypress invests
in derivatives of single-family, adjustable-rate and fixed-rate mortgage-backed
securities that are guaranteed by government agencies Fannie Mae
and Freddie Mac. Terminated its agreement with Sharpridge Advisors and
changed its name to Cypress Investments in September 2011.
Dynex
Capital (DX)
Invests
in loans secured by single-family residential and commercial property
mortgages.
Franklin Street
Properties (FSP)
Provides real estate and investment
banking, and property management services.
Also owns office buildings
and other commercial properties.
Gramercy
Capital (GKK)
Originates and acquires senior
loans, mezzanine loans and distressed property loans secured by
commercial and multi-family properties. Suspended dividend in
September 2008.
|
|
Hatteras Financial
(HTS)
Invests in single-family,
adjustable-rate and fixed-rate mortgage-backed securities that are
guaranteed by government agencies Fannie Mae and Freddie Mac. Externally
managed by Atlantic Capital Advisors.
Invesco Mortgage
Capital (IVR)
A June 2009 IPO, Invesco invests
in residential and commercial mortgage-backed securities.
Externally managed by Invesco Ltd.
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 in Florida,
among other places. Suspended dividend payouts in September 2008.
Javelin
Mortgage Investment (JMI)
An October 2012 IPO, Javelin, externally managed by Armour Residential
Management LLC, invests primarily in hybrid adjustable rate, adjustable
rate and fixed rate agency and non-agency residential mortgage-backed
securities. Pays monthly dividends.
MFA
Mortgage Investments (MFA)
Invests
in single-family, adjustable-rate
and fixed-rate mortgage-backed securities that are guaranteed by
government agencies Fannie Mae
and Freddie Mac. Also invests in mortgage-backed securities
rated in one of the two highest rating categories by at least one
nationally recognized rating agency.
National
Health Investors (NHI)
Finances
mostly long-term health care properties via first mortgages and purchase-leaseback transactions.
Newcastle
Investment (NCT)
Invests
in mortgages on residential, manufactured housing, and commercial properties.
Managed by a unit of Fortress Investment Group LLC.
New York Mortgage
Trust (NYMT)
Invests
in mortgages on multi-family [properties and single family residential
properties insured by Freddie Mac and Fannie Mae. NYMT was previously
engaged in loan origination, but, in 2007, sold that business to IndyMac
Bancorp. Also in 2007, it sold its wholesale operations to Franklin
Credit Management.
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.
Orchid Island
Capital (ORC)
A February 2013 IPO, Orchid invests
in single-family, adjustable-rate
and fixed-rate mortgage-backed securities that are guaranteed by
government agencies.
PennyMac Mortgage Investment Trust (PMT)
A July 2009 IPO, PennyMac, externally managed by Private National
Mortgage Acceptance Company, invests primarily in residential mortgage
loans and related assets.
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
Financial 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. Suspended dividend in
January 2009, but reinstated in May 2011. Did a 1-for-3 reverse stock
split on June 30, 2011.
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.
Starwood Property
Trust (STWD)
An August 2009 IPO, Starwood invests in commercial mortgage loans and
related assets.
Two Harbors
Investment (TWO)
Invests in residential mortgage-backed securities. Externally managed by
a unit of Pine River Capital Management. Started operations on
10/28/09 after merger with Capital Acquisition Corporation.
Vestin Realty
Mortgage I (VRTA)
Makes commercial real estate loans, primarily to real estate developers,
in nine states.
Suspended dividend payouts in September 2008.
High Risk
Vestin Realty
Mortgage II (VRTB)
Makes commercial real estate loans, primarily to real estate developers,
in nine states.
Suspended dividend payouts in September 2008.
High Risk
Western Asset
Mortgage Capital (WMC)
A May 2012 IPO, Western mostly invests in
single-family mortgage-backed
securities that are guaranteed by government agencies. However, Western
may also invest in residential mortgages not insured by Freddie Mac and
Fannie Mae, and/or in commercial mortgages. Externally managed by a unit
of Legg Mason.
|
