Claros Mortgage Trust, Inc. (CMTG) vs TPG Mortgage Investment Trust Inc. (MITT)

Claros Mortgage Trust, Inc. and TPG Mortgage Investment Trust Inc. are both Reit Mortgage companies. Claros Mortgage Trust, Inc. and TPG Mortgage Investment Trust Inc. are of similar size ($193.7M and $183.4M). Claros Mortgage Trust, Inc. has negative trailing earnings, so its P/E is not meaningful; TPG Mortgage Investment Trust Inc. trades at 8.3×. TPG Mortgage Investment Trust Inc. grew revenue faster over the last twelve months: 18.8% against −30.9%. TPG Mortgage Investment Trust Inc. has the higher net margin (4.47% vs −354.1%) and the higher return on invested capital (4.05% vs −0.77%). Both pay a dividend; Claros Mortgage Trust, Inc. yields more (12.6% vs 11.9%). Across the 20 metrics below, TPG Mortgage Investment Trust Inc. leads on 15 and Claros Mortgage Trust, Inc. on 5.

Valuation

Metric CMTG MITT Reit Mortgage median
P/E n/m 8.26 7.80
P/S 1.22 0.38 1.90
P/B 0.15 0.60 0.61
Price to free cash flow 2.79 2.41 5.90
EV/EBITDA 881.80 15.79 28.40
EV/Sales 15.26 16.10 16.02
Earnings yield (292.37%) 12.11% 7.68%
Free cash flow yield 35.80% 41.52% 11.60%

Profitability

Metric CMTG MITT Reit Mortgage median
Gross margin 80.32% 100.00% 100.00%
Operating margin (27.39%) 98.41% 35.40%
Net margin (354.13%) 4.47% 11.85%
Free cash flow margin 43.62% 15.68% 26.68%
Return on equity (35.96%) 7.17% 4.81%
Return on assets (11.15%) 0.30% 0.62%
Return on invested capital (0.77%) 4.05% 1.22%

Growth

Metric CMTG MITT Reit Mortgage median
Revenue growth (TTM) (30.92%) 18.75% 4.70%
EPS growth (last fiscal year) (118.13%) (26.83%) —
Revenue growth, 5-year CAGR (7.25%) 45.16% 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CMTG MITT Reit Mortgage median
Debt to equity 1.81 13.45 3.30
Current ratio 0.00 0.00 1.00
Net debt to EBITDA 67.18 15.82 18.31

Dividend

Metric CMTG MITT Reit Mortgage median
Dividend yield 12.64% 11.92% 13.05%
Payout ratio 3.61 1.74 1.24

Size

Metric CMTG MITT Reit Mortgage median
Market cap 183.41m 193.68m 517.48m

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