ACRES Commercial Realty Corp. (ACR) vs Cherry Hill Mortgage Investment Corporation (CHMI)

ACRES Commercial Realty Corp. and Cherry Hill Mortgage Investment Corporation are both Reit Mortgage companies. ACRES Commercial Realty Corp. is the larger, with a market value of $147.4M against $101.2M — 1.5× the size. ACRES Commercial Realty Corp. has negative trailing earnings, so its P/E is not meaningful; Cherry Hill Mortgage Investment Corporation trades at 15.3×. Cherry Hill Mortgage Investment Corporation grew revenue faster over the last twelve months: 181.6% against −3.37%. Cherry Hill Mortgage Investment Corporation has the higher net margin (42.1% vs −8.40%) and the higher return on invested capital (2.16% vs 0.29%). Across the 20 metrics below, Cherry Hill Mortgage Investment Corporation leads on 13 and ACRES Commercial Realty Corp. on 7.

Valuation

Metric ACR CHMI Reit Mortgage median
P/E n/m 15.33 7.80
P/S 0.88 6.43 1.90
P/B 0.13 0.82 0.61
Price to free cash flow 16.62 4.35 5.90
EV/EBITDA 73.64 32.54 28.40
EV/Sales 22.68 76.70 16.02
Earnings yield (10.31%) 6.52% 7.68%
Free cash flow yield 6.02% 22.98% 11.60%

Profitability

Metric ACR CHMI Reit Mortgage median
Gross margin 92.11% 100.00% 100.00%
Operating margin 13.40% 255.39% 35.40%
Net margin (8.40%) 42.13% 11.85%
Free cash flow margin 4.11% 147.87% 26.68%
Return on equity (1.36%) 5.30% 4.81%
Return on assets (0.32%) 0.46% 0.62%
Return on invested capital 0.29% 2.16% 1.22%

Growth

Metric ACR CHMI Reit Mortgage median
Revenue growth (TTM) (3.37%) 181.60% 4.70%
EPS growth (last fiscal year) (97.39%) (257.14%) —
Revenue growth, 5-year CAGR 9.71% (11.38%) 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ACR CHMI Reit Mortgage median
Debt to equity 3.24 4.41 3.30
Current ratio 108.63 0.09 1.00
Net debt to EBITDA 50.61 31.07 18.31

Dividend

Metric ACR CHMI Reit Mortgage median
Dividend yield — 20.69% 13.05%
Payout ratio 0.00 0.41 1.24

Size

Metric ACR CHMI Reit Mortgage median
Market cap 147.44m 101.24m 517.48m

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