Commercial Mortgage REITs
What Are Commercial Mortgage REITs? Commercial Mortgage Real Estate Investment Trusts (REITs) invest in commercial real estate loans and mortgage-backed securities. These REITs generate income by earning interest on loans provided to businesses, developers, and property owners, typically for office buildings, retail spaces, and industrial properties.
Why Invest? Commercial Mortgage REITs offer attractive dividend yields and high returns by capitalizing on interest payments from commercial real estate loans. As demand for office, retail, and industrial spaces persists, these REITs provide exposure to the commercial real estate market and consistent cash flow.
Challenges & Outlook Commercial Mortgage REITs face risks such as interest rate changes, economic cycles, and defaults on commercial loans. However, with strong demand for commercial properties and the potential for real estate appreciation, these REITs remain a solid long-term investment, offering diversification and stable income within a broader portfolio.
Commercial Mortgage REITs
Updated Nov 11, 2026, 3:00 AM ET
- REITs
- 19
- Combined Mkt Cap
- $10.9B
- Snapshot Avg Yield
- 11.78%
The snapshot average uses 19 reported yields with equal weight, including zero yields and excluding missing values. Individual company data may update after this snapshot.
| Company | Ticker | Market Cap | Dividend Yield | P/FFO | 3Yr Total Return |
|---|---|---|---|---|---|
| Starwood Property | STWD | $4.31B | 16.15% | 7.8x | -5.6% |
| Blackstone Mortgage | BXMT | $1.83B | 10.81% | 8.7x | -10.3% |
| Ladder Capital | LADR | $1.11B | 10.41% | 8.4x | +2.9% |
| TPG RE Finance | TRTX | $0.50B | 14.66% | 7.3x | +19.4% |
| Franklin BSP (Capstead) | FBRT | $0.48B | 12.61% | 11.9x | -11.5% |
| Brightspire Capital (Colony) | BRSP | $0.41B | 19.51% | 6.0x | -9.4% |
| KKR Real Estate Finance | KREF | $0.31B | 7.38% | 40.0x | -13.6% |
| Apollo Commercial | ARI | $0.30B | 43.10% | 40.0x | +7.6% |
| Arbor Realty | ABR | $0.29B | 0.00% | 12.9x | -45.2% |
| NexPoint Real Estate | NREF | $0.24B | 15.63% | 7.1x | +7.5% |
| Claros Mortgage | CMTG | $0.24B | 0.00% | 40.0x | -44.1% |
| Ares Commercial | ACRE | $0.20B | 16.85% | 9.3x | -17.8% |
| Ready Capital | RC | $0.16B | 3.96% | 40.0x | -48.5% |
| Sunrise Realty | SUNS | $0.15B | 17.22% | 6.5x | Not reported |
| Seven Hills (Tremont) | SEVN | $0.15B | 16.62% | 7.5x | -3.8% |
| ACRES Realty (Exantas) | ACR | $0.15B | 0.00% | 40.0x | +13.1% |
| Sachem Capital | SACH | $0.04B | 4.88% | 40.0x | -30.1% |
| Lument Financial (Hunt) | LFT | $0.02B | 0.00% | 5.2x | -31.6% |
| Granite Point Mortgage | GPMT | $0.01B | 14.04% | 40.0x | -56.8% |
Frequently Asked Questions
How many Commercial Mortgage REITs are tracked here?
Hoya Capital's Commercial Mortgage REITs table contains 19 companies classified in this sector in its company database. This is the number of tracked records, not a count of every business in the industry or a recommendation to purchase any security.
What is the average dividend yield for Commercial Mortgage REITs?
The simple average dividend yield for the tracked Commercial Mortgage REITs is 11.78%, using 19 reported yields. Each reported yield receives equal weight, including zero yields; missing values are excluded. This calculation describes the company table and is not a forecast of future distributions.
What is the median dividend yield for Commercial Mortgage REITs?
The median reported dividend yield for Commercial Mortgage REITs is 12.61% across 19 companies. The median is the middle observation after sorting yields, or the average of the two middle observations when the count is even. Missing yields are excluded.
Which tracked company is largest in Commercial Mortgage REITs by market capitalization?
Starwood Property (STWD) has the largest reported market capitalization in the Commercial Mortgage REITs table, at $4.31 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.