If we trade at 90% of BV, like many mREITS, our trading price is going down and not up. We would trade at $11.72 at 90% of BV. If we trade at the same discount as AGNC is currently trading, it would take us down to around $11.46. So far we are holding up well in AH trading, I would have expected a larger drop based on the above!
So the big question is where does everyone this BV go from here? Trading 10% (on the better end) and 20% (on the lower end) below BV is where we will live until it starts to increase. This is just the way it is, no one will pay more without signs for upside. So the base of the big question for all the mreits is how do they increase BV in this environment?