Arbor Realty Trust (ABR) vs Chimera Investment Corporation (CIM)

Arbor Realty Trust and Chimera Investment Corporation are both Reit Mortgage companies. Chimera Investment Corporation is the larger, with a market value of $715.7M against $522.4M — 1.4× the size. Chimera Investment Corporation has negative trailing earnings, so its P/E is not meaningful; Arbor Realty Trust trades at 38.6×. Chimera Investment Corporation grew revenue faster over the last twelve months: 11.6% against −7.02%. Arbor Realty Trust has the higher net margin (1.36% vs −9.71%) and the higher return on invested capital (1.08% vs 0.40%). Both pay a dividend; Arbor Realty Trust yields more (34.8% vs 20.5%). Across the 21 metrics below, Arbor Realty Trust leads on 16 and Chimera Investment Corporation on 5.

Valuation

Metric ABR CIM Reit Mortgage median
P/E 38.57 n/m 7.10
P/S 0.43 0.81 1.77
P/B 0.23 0.29 0.55
Price to free cash flow 2.00 n/m 5.36
EV/EBITDA 21.49 143.87 28.29
EV/Sales 4.37 15.75 15.90
Earnings yield 2.59% (12.14%) 8.10%
Free cash flow yield 49.91% (54.85%) 13.00%

Profitability

Metric ABR CIM Reit Mortgage median
Gross margin 21.47% 100.00% 100.00%
Operating margin 10.88% 11.33% 35.40%
Net margin 1.36% (9.71%) 11.85%
Free cash flow margin 21.48% (44.37%) 26.68%
Return on equity 0.69% (3.35%) 4.81%
Return on assets 0.12% (0.55%) 0.62%
Return on invested capital 1.08% 0.40% 1.22%

Growth

Metric ABR CIM Reit Mortgage median
Revenue growth (TTM) (7.02%) 11.64% 4.70%
EPS growth (last fiscal year) (52.54%) 56.36% 45.25%
Revenue growth, 5-year CAGR 14.96% (4.43%) 14.60%
Net income growth, 5-year CAGR (8.05%) 57.09% 0.00%

Health

Metric ABR CIM Reit Mortgage median
Debt to equity 1.82 5.57 3.30
Current ratio 478.85 0.07 1.00
Net debt to EBITDA 16.23 41.37 18.31

Dividend

Metric ABR CIM Reit Mortgage median
Dividend yield 34.81% 20.48% 17.34%
Payout ratio 13.43 — 1.28

Size

Metric ABR CIM Reit Mortgage median
Market cap 522.37m 715.74m 479.53m

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