| 1 | MFA Financial Inc (MFA) | 8/10 | 5.8x |
| 2 | Angel Oak Mortgage REIT Inc (AOMR) | 7/10 | 10.0x |
| 3 | RPT Realty (RPT) | 6/10 | 21.1x |
| 4 | Rithm Capital Corp (RITM) | 6/10 | 2.9x |
| 5 | Manhattan Bridge Capital Inc (LOAN) | 6/10 | 9.7x |
| 6 | Redwood Trust Inc (RWT) | 6/10 | 1.4x |
| 7 | Sunrise Realty Trust Inc (SUNS) | 6/10 | n.d. |
| 8 | Ladder Capital Corp (LADR) | 6/10 | 15.5x |
| 9 | TPG RE Finance Trust Inc (TRTX) | 6/10 | 7.6x |
| 10 | PennyMac Mortgage Investment Trust (PMT) | 6/10 | 1.1x |
| 11 | Orchid Island Capital Inc (ORC) | 6/10 | 9.4x |
| 12 | Blackstone Mortgage Trust Inc (BXMT) | 6/10 | 9.8x |
| 13 | Adamas Trust Inc (ADAM) | 6/10 | 8.8x |
| 14 | Cherry Hill Mortgage Investment Corp (CHMI) | 6/10 | 2.8x |
| 15 | TPG Mortgage Investment Trust Inc (MITT) | 6/10 | 3.6x |
| 16 | Ellington Financial Inc (EFC) | 5/10 | 17.8x |
| 17 | Acres Commercial Realty Corp (ACR) | 5/10 | 13.8x |
| 18 | Chimera Investment Corp (CIM) | 5/10 | 4.6x |
| 19 | Franklin BSP Realty Trust Inc (FBRT) | 5/10 | 5.9x |
| 20 | Arbor Realty Trust Inc (ABR) | 5/10 | 5.1x |
| 21 | Annaly Capital Management Inc (NLY) | 5/10 | 25.3x |
| 22 | Ready Capital Corp (RC) | 5/10 | 0.3x |
| 23 | Invesco Mortgage Capital Inc (IVR) | 5/10 | 4.4x |
| 24 | Chicago Atlantic Real Estate Finance Inc (REFI) | 5/10 | 11.5x |
| 25 | AGNC Investment Corp (AGNC) | 5/10 | 14.2x |
| 26 | ARMOUR Residential REIT Inc (ARR) | 4/10 | 16.1x |
| 27 | Nexpoint Real Estate Finance Inc (NREF) | 4/10 | 29.5x |
| 28 | Granite Point Mortgage Trust Inc (GPMT) | 4/10 | 80.0x |
| 29 | Apollo Commercial Real Estate Finance Inc (ARI) | 4/10 | 14.0x |
| 30 | Seven Hills Realty Trust (SEVN) | 4/10 | 13.0x |
| 31 | Claros Mortgage Trust Inc (CMTG) | 4/10 | 36.4x |
| 32 | Dynex Capital Inc (DX) | 4/10 | 16.6x |
| 33 | KKR Real Estate Finance Trust Inc (KREF) | 4/10 | 7.3x |
| 34 | Lument Finance Trust Inc (LFT) | 3/10 | 5.7x |
| 35 | Ares Commercial Real Estate Corp (ACRE) | 3/10 | 13.9x |
| 36 | Brightspire Capital Inc (BRSP) | 3/10 | 11.6x |
| 37 | Sachem Capital Corp (SACH) | 2/10 | 31.6x |
| 38 | Two Harbors Investment Corp (TWO) | 2/10 | 58.0x |