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Mortgage REITs
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BDC — Business Development Companies

BDCs provide financing to small and mid-sized businesses. They offer high dividend yields through investment in debt and equity of private companies, making them attractive income investments.

A Business Development Company (BDC) is a type of closed-end investment company regulated under the Investment Company Act of 1940. BDCs invest in the debt and equity of private, often illiquid companies that lack access to public capital markets. This structure allows individual investors to gain exposure to private credit markets — historically the domain of institutional investors — while benefiting from mandatory dividend distributions of at least 90% of taxable income.

Key metrics tracked for BDCs include Net Asset Value (NAV) per share, Net Investment Income (NII), non-accrual rates, and leverage ratios. Our proprietary ratings evaluate whether a BDC is trading at a premium or discount to NAV, and whether NII adequately covers the dividend.

REIT — Real Estate Investment Trusts

REITs own, operate, or finance income-producing real estate. They provide investors with regular income, portfolio diversification, and long-term capital appreciation through real estate exposure.

A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-producing real estate — from office towers and apartment complexes to data centers, warehouses, and healthcare facilities. Publicly traded REITs offer the liquidity of stocks combined with the income characteristics of real estate. To qualify as a REIT, a company must distribute at least 90% of taxable income as dividends to shareholders.

Our REIT coverage focuses on Funds From Operations (FFO), price-to-FFO (P/FFO) valuation, occupancy rates, and dividend sustainability. These metrics provide a clearer picture of true operating performance than traditional earnings-per-share, making them essential for income-focused investors.

mREIT — Mortgage REITs

mREITs invest in mortgage-backed securities and real estate debt. They generate income primarily from the interest on mortgage loans, offering some of the highest yields in the market.

A Mortgage Real Estate Investment Trust (mREIT) focuses on mortgage-backed securities (MBS) and other real estate debt instruments rather than physical properties. mREITs profit from the spread between the short-term borrowing cost and the long-term interest earned on MBS portfolios — making them highly sensitive to interest rate movements and yield curve dynamics.

Analyzing mREITs requires tracking Book Value per share, Distributable Earnings, leverage (repo financing), and net interest margin. Our platform provides all these metrics in a structured, comparable format, allowing you to assess credit quality, hedging effectiveness, and dividend coverage across the mREIT universe.

Why Choose Our Investment Analysis Platform?

We combine cutting-edge technology with deep financial expertise to deliver comprehensive, data-driven insights into BDC, REIT, and mREIT markets. Our platform is purpose-built for income investors who demand sector-specific analysis — not generic stock screening. Whether you track dividend income, evaluate management quality, or analyze risk-adjusted returns, Sturnus Ratings gives you the tools to make smarter investment decisions, optimize your income portfolio, and stay ahead of market developments.

Proprietary Ratings

Our rigorous, systematic methodology evaluates every stock—from Strong Buy to Overpriced—using fundamental metrics such as valuation multiples, earnings quality, dividend coverage, financial leverage, and sector-specific indicators. Each rating is updated quarterly following earnings releases, ensuring you always have a current assessment to inform your decisions.

Interactive Charts

Explore dynamic, interactive charts to track real-time and historical stock prices, dividend yields, Net Asset Value (NAV), Funds from Operations (FFO), and Book Value. Use the built-in Compare tool to place multiple companies side-by-side across price history, earnings metrics, and dividend yield — identifying relative value at a glance.

Dividend Tracking

Stay informed on all dividend types — regular, special, supplemental, and semiannual — with complete ex-date and pay-date data. Access multi-year dividend history, annualized yield calculations based on current price, and payout ratio analysis relative to NII or FFO. Our dividend forecasts use historical payment month patterns to project future cash flows accurately.

Quarterly Updates

Our ratings and financial metrics are refreshed every quarter following earnings releases. We track quarterly earnings, NAV changes, occupancy trends, leverage shifts, and guidance revisions — providing the timely analysis that long-term income investors need to stay ahead. All historical data is preserved so you can study multi-year trends and management consistency over time.

AI-Powered Reports

Each company on our platform has a dedicated AI-generated analysis report synthesizing earnings trends, dividend sustainability, balance sheet health, and valuation. These reports give you a structured narrative around the numbers — particularly useful when researching companies for the first time or comparing management quality across peers.

Risk & Volatility Metrics

Beyond raw returns, understanding risk is critical for income investing. Our platform provides annualized standard deviation and Sharpe Ratio for each company across multiple time horizons — Latest, Quarterly, Yearly, 3-Year, and 5-Year averages. This allows you to compare risk-adjusted performance and make more informed position sizing decisions.

How It Works

Start analyzing income investments in three simple steps. No experience required — our platform is designed to be intuitive for both beginners and seasoned investors.

1
Create a Free Account

Register in seconds — no credit card required. Free accounts include demo access to a sample portfolio with real dividend history and preview access to company analysis pages across all three sectors.

2
Choose Your Sector

Subscribe to BDC, REIT, mREIT, or any combination. Each sector plan gives you full access to live ratings, historical earnings data, dividend tracking, interactive charts, and AI-powered company reports for that sector.

3
Research & Invest

Browse company listings, compare peers side-by-side, read AI reports, and set up personalized notifications for rating changes, new dividends, and quarterly earnings. Make confident, data-backed investment decisions.

Subscription plans

Not ready to subscribe? Create a free account and explore demo data — a sample portfolio with real dividend history and a preview of company analysis pages. No credit card required.

alternativeBDS sectoralternative
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  • Buy/Sell ratings
  • Future outlook
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alternativeREIT sectoralternative
  • Historical performance
  • Current valuation
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  • Future outlook
$9/month
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alternativemREIT sectoralternative
  • Historical performance
  • Current valuation
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  • Future outlook
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Frequent questions

You can contact us through our contact form.

Our ratings should be used as support for your due diligence before you decide to buy or sell. They summarize fundamental data into an actionable signal but should always be considered alongside your own research and risk tolerance. We cover valuation, earnings quality, dividend coverage, and sector-specific metrics.

Ratings and fundamental data (NAV, NII, FFO, Book Value, earnings estimates) are updated quarterly following each company's earnings release. Stock prices and dividend records are updated on an ongoing basis. AI-generated company reports are refreshed after significant data changes.

Each sector subscription includes: live and historical stock prices, quarterly earnings data (NAV/NII for BDCs, FFO/P2FFO for REITs, Book Value/Distributable Earnings for mREITs), complete dividend history with ex-dates and pay-dates, analyst estimates, buy/sell ratings, risk & volatility metrics, interactive comparison charts, and AI-generated company reports.

Yes. Free accounts include demo access — a sample portfolio with real dividend history and preview pages for select companies across all three sectors. This lets you explore the platform and evaluate the quality of our analysis before committing to a paid plan. No credit card is required to register.

We specialize exclusively in BDCs, REITs, and mREITs — sectors that require sector-specific metrics (NAV, FFO, Book Value) rather than generic EPS analysis. Our ratings incorporate dividend sustainability, valuation relative to intrinsic value, and historical earnings consistency. This depth of focus, combined with AI-generated narrative reports and a portfolio-level compare tool, sets us apart from general-purpose stock screeners.

Yes. Each sector (BDC, REIT, mREIT) is available as a separate $9/month plan. You can subscribe to any combination and manage all your subscriptions from your account dashboard. Adding a second or third sector gives you access to the full cross-sector Compare tool.
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Our specialization focuses on the BDC, REIT, and mREIT subsectors of the financial sector within the stock market.

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