#4 - Broadmark Realty (NYSE:BRMK)
The last REIT on this list, Broadmark Realty (NYSE:BRMK) is another example of how REITs can have very different investment portfolios. Broadmark invests in “deed of trust” loans. These are essentially construction loans.
The company benefited from the boom in new construction during the pandemic. And BRMK is under pressure as housing starts have slowed. However, Broadmark is protected by its conservative approach. Specifically, the company has a weighted average loan-to-value of just 60%. That means it will not provide more than $120,000 for a property valued at $200,000. This provides a margin of error if the borrower defaults.
BRMK stock has a current dividend yield of 12.92% and has an annualized payout of 84 cents per share. The stock has a fair amount of interest from institutional investors. However, investors should note that inflows and outflows are nearly equal in the last 12 months.
About Broadmark Realty Capital
Broadmark Realty Capital Inc operates as a commercial real estate finance company in the United States. It engages in underwriting, funding, servicing, and managing a portfolio of short-term trust loans to fund the construction and development, or investment in residential or commercial properties. The company has elected to be taxed as a real estate investment trust.
Read More - Current Price
- $4.82
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
