Historical Mortgage REITs as of June 2016

두가지 종류의 리츠중에 또하나는 모게지리츠인데 이모게지 리츠는 직접상업용건물에 투자하는것이 아니라 모게지형태로 대출해서 이익을 내는 리츠입니다. 이리츠가 내포하는 위험성은 금리리스크와 신용리스크입니다.

Another type of REITs is Mortgage REITs which invest in mortgages or mortgage securities tied to commercial and/or residential properties.Mortgage REITs hold mortgages and MBS on their balance sheets, and they fund these investments with equity and debt capital. Their general objective is to earn a profit from their net interest margin; that is, the spread between interest income on their mortgage assets and their funding costs. Mortgage REITs rely on a variety of funding sources, including common and preferred equity, repurchase agreements, structured financing, convertible and long-term debt, and other credit facilities. Mortgage REITs have several types of risks: Interest Risk , Credit Risk, Prepayment Risk and Rollover Risk.

The following charts and tables show the historical returns of mortgage REITs.

 

Analysis Variable : pctchng_REITS_Mortgage (Monthly)

Mean

Std Dev

Minimum

Maximum

0.5840682

5.7909177

-24.1071974

38.3950146



Analysis Variable : pctchngyr_REITS_Mortgage

decade

N Obs

Mean

Std Dev

Minimum

Maximum

Median

N

1970

97

4.2880442

26.2297798

-55.2878822

52.7452012

8.5835514

85

1980

120

9.5549947

19.3513479

-19.8385281

71.5111357

5.1734821

120

1990

120

6.5825273

26.3445149

-44.0794969

63.4177124

3.7892723

120

2000

120

10.0829485

35.9830629

-47.1136257

84.9185749

12.1945702

120

2010

77

10.5481645

14.2449230

-13.2629717

46.0685164

10.2114539

77




Source: www.reit.com

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