Growth of Mortgage REIT Capitalization Continues Despite Economic Downturn, Erratic Recovery Pace
May 31, 2012
The growth of mortgage real estate investment trusts over the last several years has been driven by high market returns and changes in the MBS and mortgage markets, according to a new sector analysis by Keefe, Bruyette & Woods. The National Association of Real Estate Investment Trusts reported that total mortgage REIT capitalization jumped to $43.0 billion at year-end 2011 from just $1.6 billion in 2000. Since the start of 2012, the combined market REIT capitalization has gone up to $55.0 billion, the group noted. The only setback to the growth trend occurred in 2008 as a result of the collapse of...