Arbor Realty Trust (ABR) vs INVESCO MORTGAGE CAPITAL INC (IVR)

Arbor Realty Trust and INVESCO MORTGAGE CAPITAL INC are both Reit Mortgage companies. Arbor Realty Trust is the larger, with a market value of $766.6M against $693.2M — 1.1× the size. INVESCO MORTGAGE CAPITAL INC trades at the lower P/E: 4.3× against 57.6×. INVESCO MORTGAGE CAPITAL INC grew revenue faster over the last twelve months: 7.29% against −7.02%. INVESCO MORTGAGE CAPITAL INC has the higher net margin (33.9% vs 1.36%) and the lower return on invested capital (0.69% vs 1.08%). Both pay a dividend; INVESCO MORTGAGE CAPITAL INC yields more (18.8% vs 14.0%). Across the 23 metrics below, INVESCO MORTGAGE CAPITAL INC leads on 12 and Arbor Realty Trust on 11.

Valuation

Metric ABR IVR Reit Mortgage median
P/E 57.57 4.33 7.80
P/S 0.64 1.93 1.90
P/B 0.34 0.74 0.61
Price to free cash flow 2.99 3.66 5.90
EV/EBITDA 25.86 100.35 28.40
EV/Sales 5.26 23.17 16.02
Earnings yield 1.74% 23.09% 7.68%
Free cash flow yield 33.44% 27.29% 11.60%

Profitability

Metric ABR IVR Reit Mortgage median
Gross margin 21.47% 30.40% 100.00%
Operating margin 10.88% 24.27% 35.40%
Net margin 1.36% 33.93% 11.85%
Free cash flow margin 21.48% 52.56% 26.68%
Return on equity 0.69% 15.68% 4.81%
Return on assets 0.12% 1.70% 0.62%
Return on invested capital 1.08% 0.69% 1.22%

Growth

Metric ABR IVR Reit Mortgage median
Revenue growth (TTM) (7.02%) 7.29% 4.70%
EPS growth (last fiscal year) (52.54%) 103.08% —
Revenue growth, 5-year CAGR 14.96% 1.06% 14.60%
Net income growth, 5-year CAGR (8.05%) 0.00% 0.00%

Health

Metric ABR IVR Reit Mortgage median
Debt to equity 1.82 6.27 3.30
Current ratio 478.85 0.04 1.00
Net debt to EBITDA 16.23 105.08 18.31

Dividend

Metric ABR IVR Reit Mortgage median
Dividend yield 13.99% 18.77% 13.05%
Payout ratio 0.94 0.41 1.24

Size

Metric ABR IVR Reit Mortgage median
Market cap 766.57m 693.21m 517.48m

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