Arbor Realty Trust (ABR) vs PennyMac Mortgage Investment Trust (PMT)

Arbor Realty Trust and PennyMac Mortgage Investment Trust are both Reit Mortgage companies. Arbor Realty Trust and PennyMac Mortgage Investment Trust are of similar size ($766.6M and $736.9M). PennyMac Mortgage Investment Trust trades at the lower P/E: 5.9× against 57.6×. PennyMac Mortgage Investment Trust grew revenue faster over the last twelve months: 19.6% against −7.02%. PennyMac Mortgage Investment Trust has the higher net margin (10.2% vs 1.36%) and the higher return on invested capital (2.92% vs 1.08%). Both pay a dividend; Arbor Realty Trust yields more (14.0% vs 11.6%). Across the 22 metrics below, PennyMac Mortgage Investment Trust leads on 13 and Arbor Realty Trust on 9.

Valuation

Metric ABR PMT Reit Mortgage median
P/E 57.57 5.87 7.80
P/S 0.64 0.60 1.90
P/B 0.34 0.55 0.61
Price to free cash flow 2.99 n/m 5.90
EV/EBITDA 25.86 19.87 28.40
EV/Sales 5.26 17.03 16.02
Earnings yield 1.74% 17.05% 7.68%
Free cash flow yield 33.44% (1,386.89%) 11.60%

Profitability

Metric ABR PMT Reit Mortgage median
Gross margin 21.47% 91.15% 100.00%
Operating margin 10.88% 83.97% 35.40%
Net margin 1.36% 10.21% 11.85%
Free cash flow margin 21.48% (827.08%) 26.68%
Return on equity 0.69% 9.44% 4.81%
Return on assets 0.12% 0.59% 0.62%
Return on invested capital 1.08% 2.92% 1.22%

Growth

Metric ABR PMT Reit Mortgage median
Revenue growth (TTM) (7.02%) 19.64% 4.70%
EPS growth (last fiscal year) (52.54%) (27.74%) —
Revenue growth, 5-year CAGR 14.96% 9.74% 14.60%
Net income growth, 5-year CAGR (8.05%) 25.95% 0.00%

Health

Metric ABR PMT Reit Mortgage median
Debt to equity 1.82 11.03 3.30
Current ratio 478.85 1.46 1.00
Net debt to EBITDA 16.23 16.25 18.31

Dividend

Metric ABR PMT Reit Mortgage median
Dividend yield 13.99% 11.56% 13.05%
Payout ratio 0.94 2.85 1.24

Size

Metric ABR PMT Reit Mortgage median
Market cap 766.57m 736.86m 517.48m

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