Shares of several mortgage real estate investment trusts (REITs) rose today after they provided preliminary results for the third quarter of the year.

Shares of Annaly Capital Management (NYSE: NLY) rose 11.6%, while shares of AGNC Investment Corp (NASDAQ: AGNC) rose nearly 10.9%, and shares of Orchid Island Capital (NYSE: ORC) ended the day up nearly 13%.

Yesterday, AGNC reported a preliminary loss in the third quarter of between $1.99 and $2.03 per share. It also estimated that its tangible net book value per common share at the end of Q3 was roughly between $9.06 and $9.10 per share. That means book value is expected to be down more than 20% from the second quarter.

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Source Fool.com