Arbor Realty Trust (ABR) vs KKR Real Estate Finance Trust (KREF)

Arbor Realty Trust and KKR Real Estate Finance Trust are both Reit Mortgage companies. Arbor Realty Trust and KKR Real Estate Finance Trust are of similar size ($329.7M and $305.7M). Arbor Realty Trust grew revenue faster over the last twelve months: −4.23% against −20.8%. Arbor Realty Trust has the higher net margin (−9.12% vs −197.0%) and the higher return on invested capital (0.16% vs −3.32%). Both pay a dividend; Arbor Realty Trust yields more (57.0% vs 12.3%). Across the 21 metrics below, Arbor Realty Trust leads on 18 and KKR Real Estate Finance Trust on 3.

Valuation

Metric ABR KREF Reit Mortgage median
P/E n/m n/m 14.55
P/S 0.24 2.91 1.72
P/B 0.14 0.34 0.52
Price to free cash flow 0.95 34.55 4.35
EV/EBITDA 38.14 n/m 28.27
EV/Sales 4.33 28.05 15.73
Earnings yield (38.79%) (59.99%) 0.23%
Free cash flow yield 105.38% 2.89% 13.86%

Profitability

Metric ABR KREF Reit Mortgage median
Gross margin 20.02% 100.00% 100.00%
Operating margin 1.61% (179.50%) 31.94%
Net margin (9.12%) (196.99%) (1.81%)
Free cash flow margin 24.93% 8.42% 27.05%
Return on equity (4.79%) (19.71%) (0.49%)
Return on assets (0.76%) (3.80%) (0.06%)
Return on invested capital 0.16% (3.32%) 0.79%

Growth

Metric ABR KREF Reit Mortgage median
Revenue growth (TTM) (4.23%) (20.77%) 1.39%
EPS growth (last fiscal year) (52.54%) (652.63%) 45.25%
Revenue growth, 5-year CAGR 14.96% (1.15%) 14.60%
Net income growth, 5-year CAGR (8.05%) 0.00% 0.00%

Health

Metric ABR KREF Reit Mortgage median
Debt to equity 2.13 3.11 2.91
Current ratio 33.60 0.00 0.82
Net debt to EBITDA 16.23 (90.61) 18.31

Dividend

Metric ABR KREF Reit Mortgage median
Dividend yield 56.97% 12.30% 17.37%
Payout ratio 13.43 — 1.87

Size

Metric ABR KREF Reit Mortgage median
Market cap 305.74m 329.69m 409.49m

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