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Small Cap Mortgage REIT
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
EFC
1
Ellington Financial
EFC
$1.66B
$1.66B $12.89 1.15%
ORC
2
Orchid Island Capital
ORC
$1.26B
$1.26B $6.33 0.31%
LADR
3
Ladder Capital
LADR
$1.22B
$1.22B $9.61 0.62%
CIM
4
Chimera Investment
CIM
$932M
$932M $11.13 0.45%
ABR icon
5
Arbor Realty Trust
ABR
$881M
$881M $4.72 1.87%
MFA
6
MFA Financial
MFA
$865M
$865M $8.56 0%
ARI
7
Apollo Commercial Real Estate
ARI
$852M
$852M $6.63 0.75%
ADAM
8
Adamas Trust
ADAM
$817M
$817M $9.09 0.66%
PMT
9
PennyMac Mortgage Investment
PMT
$800M
$800M $9.17 0%
IVR icon
10
Invesco Mortgage Capital
IVR
$732M
$732M $6.80 1.59%
FBRT
11
Franklin BSP Realty Trust
FBRT
$646M
$646M $7.78 1.3%
TRTX
12
TPG RE Finance Trust
TRTX
$570M
$570M $7.42 0.8%
BRSP
13
BrightSpire Capital
BRSP
$563M
$563M $4.45 0.89%
KREF
14
KKR Real Estate Finance Trust
KREF
$460M
$460M $7.15 0.42%
RWT
15
Redwood Trust
RWT
$446M
$446M $3.55 2.2%
NREF
16
NexPoint Real Estate Finance
NREF
$326M
$326M $17.29 0.17%
REFI
17
Chicago Atlantic Real Estate Finance
REFI
$275M
$275M $10.73 0.28%
RC
18
Ready Capital
RC
$271M
$271M $1.64 1.2%

Small Cap Mortgage REIT Stocks at a Glance

Mortgage REITs invest in mortgages and mortgage-backed securities rather than physical property, earning the spread between asset yields and funding costs. Leverage amplifies that spread, making book value and dividends acutely sensitive to interest-rate moves and prepayment speeds.

There are 18 small cap Mortgage REIT stocks — companies in the Mortgage REIT industry with a market cap between $250M and $2B — worth a combined $13.6B.

The largest by market cap are Ellington Financial (EFC) at $1.66B, Orchid Island Capital (ORC) at $1.26B and Ladder Capital (LADR) at $1.22B.

Among institutional investors, BrightSpire Capital (BRSP) drew the most net new fund positions in Q2 2026: 48 funds opened new positions, taking total fund holders up 32 (16%) quarter-over-quarter.

Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q2 2026.