BrightSpire Capital, Inc. (BRSP) vs MFA Financial, Inc. (MFA)

BrightSpire Capital, Inc. and MFA Financial, Inc. are both Reit Mortgage companies. MFA Financial, Inc. is the larger, with a market value of $662.1M against $431.4M — 1.5× the size. MFA Financial, Inc. has negative trailing earnings, so its P/E is not meaningful; BrightSpire Capital, Inc. trades at 23.7×. MFA Financial, Inc. grew revenue faster over the last twelve months: 6.83% against 1.39%. BrightSpire Capital, Inc. has the higher net margin (9.48% vs 0.00%) and the lower return on invested capital (−0.93% vs 0.00%). Both pay a dividend; MFA Financial, Inc. yields more (22.1% vs 18.5%). Across the 21 metrics below, MFA Financial, Inc. leads on 12 and BrightSpire Capital, Inc. on 9.

Valuation

Metric BRSP MFA Reit Mortgage median
P/E 23.67 n/m 14.55
P/S 2.10 0.86 1.72
P/B 0.49 0.42 0.52
Price to free cash flow 1.69 1.19 4.35
EV/EBITDA 7,711.58 19.57 28.27
EV/Sales 13.26 15.33 15.73
Earnings yield 4.23% (8.13%) 0.23%
Free cash flow yield 59.30% 84.37% 13.86%

Profitability

Metric BRSP MFA Reit Mortgage median
Gross margin 61.56% 100.00% 100.00%
Operating margin (22.97%) 0.00% 31.94%
Net margin 9.48% 0.00% (1.81%)
Free cash flow margin 124.68% 72.62% 27.05%
Return on equity 2.08% 0.00% (0.49%)
Return on assets 0.55% 0.00% (0.06%)
Return on invested capital (0.93%) 0.00% 0.79%

Growth

Metric BRSP MFA Reit Mortgage median
Revenue growth (TTM) 1.39% 6.83% 1.39%
EPS growth (last fiscal year) 75.24% 58.54% 45.25%
Revenue growth, 5-year CAGR (6.15%) 11.47% 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BRSP MFA Reit Mortgage median
Debt to equity 2.79 0.00 2.91
Current ratio 0.82 0.00 0.82
Net debt to EBITDA (182.35) 17.85 18.31

Dividend

Metric BRSP MFA Reit Mortgage median
Dividend yield 18.50% 22.09% 17.37%
Payout ratio 4.44 1.44 1.87

Size

Metric BRSP MFA Reit Mortgage median
Market cap 431.38m 662.12m 409.49m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack