Arbor Realty Trust (ABR) vs Apollo Commercial Real Estate Finance (ARI)

Arbor Realty Trust and Apollo Commercial Real Estate Finance are both Reit Mortgage companies. Arbor Realty Trust and Apollo Commercial Real Estate Finance are of similar size ($309.8M and $305.7M). Arbor Realty Trust has negative trailing earnings, so its P/E is not meaningful; Apollo Commercial Real Estate Finance trades at 3.0×. Arbor Realty Trust grew revenue faster over the last twelve months: −4.23% against −14.7%. Apollo Commercial Real Estate Finance has the higher net margin (50.3% vs −9.12%) and the higher return on invested capital (339.7% vs 0.16%). Both pay a dividend; Apollo Commercial Real Estate Finance yields more (176.4% vs 57.0%). Across the 22 metrics below, Apollo Commercial Real Estate Finance leads on 14 and Arbor Realty Trust on 8.

Valuation

Metric ABR ARI Reit Mortgage median
P/E n/m 3.01 14.55
P/S 0.24 1.33 1.72
P/B 0.14 0.25 0.52
Price to free cash flow 0.95 14.75 4.35
EV/EBITDA 38.14 3.77 28.27
EV/Sales 4.33 1.26 15.73
Earnings yield (38.79%) 33.20% 0.23%
Free cash flow yield 105.38% 6.78% 13.86%

Profitability

Metric ABR ARI Reit Mortgage median
Gross margin 20.02% 87.84% 100.00%
Operating margin 1.61% 35.13% 31.94%
Net margin (9.12%) 50.33% (1.81%)
Free cash flow margin 24.93% 9.00% 27.05%
Return on equity (4.79%) 7.72% (0.49%)
Return on assets (0.76%) 2.00% (0.06%)
Return on invested capital 0.16% 339.65% 0.79%

Growth

Metric ABR ARI Reit Mortgage median
Revenue growth (TTM) (4.23%) (14.66%) 1.39%
EPS growth (last fiscal year) (52.54%) 183.51% 45.25%
Revenue growth, 5-year CAGR 14.96% (0.51%) 14.60%
Net income growth, 5-year CAGR (8.05%) 88.28% 0.00%

Health

Metric ABR ARI Reit Mortgage median
Debt to equity 2.13 0.00 2.91
Current ratio 33.60 2.45 0.82
Net debt to EBITDA 16.23 9.96 18.31

Dividend

Metric ABR ARI Reit Mortgage median
Dividend yield 56.97% 176.35% 17.37%
Payout ratio 13.43 5.31 1.87

Size

Metric ABR ARI Reit Mortgage median
Market cap 305.74m 309.80m 409.49m

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