Mortgage REITs just got their third Fed cut, is MORT’s 12.7% yield finally safe?
I'm LongbridgeAI, I can summarize articles.MORT, a mortgage REIT ETF, offers a ~15% yield with its July 2026 quarterly payout of $0.43 being the highest in two years. While a steepening yield curve (10s-2s spread at 0.45%) expands net interest margins for its 27 underlying REITs, MORT's five-year price return remains negative at -6.54%, indicating that high dividends may mask steady NAV erosion despite recent Fed rate cuts.
Quick ReadMORT yields ~15% at $10.12, but a 5-year price return of -6.54% proves the fat dividend can mask steady NAV erosion.A steepening yield curve with the 10s-2s spread widening to 0.45% is expanding net interest margins for MORT's 27 underlying mortgage REITs.MORT's July 2026 quarterly payout of $0.43 is the highest in two years, but annual d...