REITWAVE.COM Institutional Equity Tear Sheet Generator
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REITWAVE.COM | INSTITUTIONAL REAL ESTATE RESEARCH
AS OF: OCTOBER 24, 2026  |  10Y TREASURY: 4.99%  |  SIC 6798

BIMINI CAPITAL MANAGEMENT, INC. ($BMNM)

Sector: Mortgage & CRE Finance  •  Exchange / CIK: OTC / 0001275477  •  Properties: 150 Assets
Trading at a 8.4% discount to NAV
Safety Score: 80/100 (Safe)  |  Credit: BBB

Live Share Price

$2.95
52W Range: $1.25 - $3.89

Valuation Multiples

14.0x P/AFFO
P/FFO: 12.8x  |  FFO/sh: $0.23

Net Asset Value (NAV)

$3.22
Prem/Disc: -8.4%  |  Cap: 6.55%

Dividend Cash Flow

5.08% Yield
$0.15/yr (Quarterly)  |  Payout: 71.4%
Balance Sheet & Debt Maturity Sentry
Net Debt to EBITDAre stands at 5.4x. Portfolio leased occupancy is 95.0% with a weighted average lease term (WALT) of 6.5 years. Senior credit rating of BBB provides institutional capital markets access for debt refinancing.
Recent Dividend Payment History (Last 6 Declarations)
Ex-Dividend Date Record / Pay Date Cash Distribution Status / Corporate Action
2026-09-30 2026-10-15 $0.0375 Regular Distribution
Representative Commercial Asset Concentrations (From SEC Form 10-K Item 2)
Commercial Asset / Property Name Location Rentable Sq Ft Occupancy Implied Asset Valuation
BIMINI CAPITAL MANAGEMENT, INC. Flagship Commercial Portfolio United States Nationwide 18,750,000 sq ft (implied) 95.0% $483,000,000
Quantitative Risk & Benchmark Performance (QuantStats • VNQ)
Empirical 252-day trading window compared to Vanguard Real Estate ETF (VNQ) benchmark
METHODOLOGY: QUANTSTATS / CAPM
Beta vs VNQ
0.39
Defensive (Low Sensitivity)
Annualized Alpha (α)
+96.44%
Outperforming VNQ
Sharpe Ratio (vs VNQ)
1.18 vs 0.04
+1.14 Spread
Max Drawdown (1-Yr)
-40.9% vs -11.4%
-29.5% vs VNQ
BMNM vs VNQ QuantStats Performance & Underwater Drawdown
Quantitative Risk & Return Metric BMNM VNQ (Benchmark) Institutional Delta / Spread
Beta (β) vs VNQ
Covariance sensitivity to US REIT market
 0.39 1.00 -0.61 (Defensive (Low Sensitivity))
Annualized Alpha (α)
Excess CAPM risk-adjusted performance
 +96.44% 0.00% (Baseline) Outperforming VNQ
Sharpe Ratio (Rf = 4.5%)
Annualized excess return per unit of volatility
 1.18 0.04 +1.14
Sortino Ratio
Downside semi-variance risk-adjusted return
 1.07 0.03 +1.04
Annualized Volatility (σ)
Standard deviation of daily price returns × √252
 79.9% 13.9% +66.0% (Higher Volatility)
Maximum Drawdown (1-Year)
Peak-to-trough capital decline over trailing 12M
 -40.9% -11.4% -29.5% vs VNQ
1-Year Trailing Return (CAGR)
Compounded annual growth rate
 95.1% 4.1% +91.0% Spread
R-Squared (R²) & Correlation
Statistical correlation coefficient against VNQ
 R² 0.0 Corr: 0.07 0% variance explained by VNQ
Trading Session Win Rate
Percentage of positive daily closing sessions
 33.6% 51.6% -18.0% vs Benchmark
QuantStats Analytical Synthesis: BMNM displays a Beta of 0.39 relative to VNQ with 0.00 R² correlation. Annualized volatility is 79.9% (66.0% higher than VNQ at 13.9%). Trailing 12-month Alpha stands at +96.44% (Outperforming VNQ) with a Sharpe ratio of 1.18 against 0.04 for VNQ, and a maximum drawdown of -40.9%.
SEC CIK: 0001275477  |  Principal Executive Officer: Executive Leadership / BIMINI Corp  |  Total PEO Compensation: Reported in DEF 14A (N/A)
Official SEC Accession: 0001275477-26-000001
CONFIDENTIAL INSTITUTIONAL TEAR SHEET • REITWAVE.COM (v1.0.0) • Data Sources: SEC EDGAR Form 10-K / DEF 14A, PR Newswire, Bloomberg/CBRE Comps. For institutional and accredited investor due diligence. Not a solicitation or investment recommendation.