Arbor Realty Trust (ABR) vs TPG RE Finance Trust, Inc. (TRTX)

Arbor Realty Trust and TPG RE Finance Trust, Inc. are both Reit Mortgage companies. Arbor Realty Trust is the larger, with a market value of $522.4M against $454.5M — 1.1× the size. TPG RE Finance Trust, Inc. trades at the lower P/E: 10.7× against 38.6×. TPG RE Finance Trust, Inc. grew revenue faster over the last twelve months: −2.64% against −7.02%. TPG RE Finance Trust, Inc. has the higher net margin (29.9% vs 1.36%) and the lower return on invested capital (1.00% vs 1.08%). Both pay a dividend; Arbor Realty Trust yields more (34.8% vs 16.6%). Across the 23 metrics below, Arbor Realty Trust leads on 12 and TPG RE Finance Trust, Inc. on 11.

Valuation

Metric ABR TRTX Reit Mortgage median
P/E 38.57 10.72 7.10
P/S 0.43 3.09 1.77
P/B 0.23 0.43 0.55
Price to free cash flow 2.00 5.38 5.36
EV/EBITDA 21.49 47.03 28.29
EV/Sales 4.37 26.49 15.90
Earnings yield 2.59% 9.33% 8.10%
Free cash flow yield 49.91% 18.58% 13.00%

Profitability

Metric ABR TRTX Reit Mortgage median
Gross margin 21.47% 100.00% 100.00%
Operating margin 10.88% 48.82% 35.40%
Net margin 1.36% 29.93% 11.85%
Free cash flow margin 21.48% 57.48% 26.68%
Return on equity 0.69% 4.04% 4.81%
Return on assets 0.12% 0.99% 0.62%
Return on invested capital 1.08% 1.00% 1.22%

Growth

Metric ABR TRTX Reit Mortgage median
Revenue growth (TTM) (7.02%) (2.64%) 4.70%
EPS growth (last fiscal year) (52.54%) (24.00%) 45.25%
Revenue growth, 5-year CAGR 14.96% (3.76%) 14.60%
Net income growth, 5-year CAGR (8.05%) 0.00% 0.00%

Health

Metric ABR TRTX Reit Mortgage median
Debt to equity 1.82 3.30 3.30
Current ratio 478.85 200.26 1.00
Net debt to EBITDA 16.23 38.25 18.31

Dividend

Metric ABR TRTX Reit Mortgage median
Dividend yield 34.81% 16.58% 17.34%
Payout ratio 13.43 1.78 1.28

Size

Metric ABR TRTX Reit Mortgage median
Market cap 522.37m 454.48m 479.53m

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