Claros Mortgage Trust, Inc. (CMTG) vs NexPoint Real Estate Finance, Inc. (NREF)

Claros Mortgage Trust, Inc. and NexPoint Real Estate Finance, Inc. are both Reit Mortgage companies. NexPoint Real Estate Finance, Inc. is the larger, with a market value of $297.0M against $183.4M — 1.6× the size. Claros Mortgage Trust, Inc. has negative trailing earnings, so its P/E is not meaningful; NexPoint Real Estate Finance, Inc. trades at 6.7×. NexPoint Real Estate Finance, Inc. grew revenue faster over the last twelve months: −5.70% against −30.9%. NexPoint Real Estate Finance, Inc. has the higher net margin (65.6% vs −354.1%) and the higher return on invested capital (1.31% vs −0.77%). Both pay a dividend; NexPoint Real Estate Finance, Inc. yields more (19.5% vs 12.6%). Across the 22 metrics below, NexPoint Real Estate Finance, Inc. leads on 17 and Claros Mortgage Trust, Inc. on 5.

Valuation

Metric CMTG NREF Reit Mortgage median
P/E n/m 6.65 7.80
P/S 1.22 3.13 1.90
P/B 0.15 0.78 0.61
Price to free cash flow 2.79 63.54 5.90
EV/EBITDA 881.80 30.94 28.40
EV/Sales 15.26 8.81 16.02
Earnings yield (292.37%) 15.03% 7.68%
Free cash flow yield 35.80% 1.57% 11.60%

Profitability

Metric CMTG NREF Reit Mortgage median
Gross margin 80.32% 100.00% 100.00%
Operating margin (27.39%) 20.29% 35.40%
Net margin (354.13%) 65.64% 11.85%
Free cash flow margin 43.62% 4.92% 26.68%
Return on equity (35.96%) 17.13% 4.81%
Return on assets (11.15%) 1.16% 0.62%
Return on invested capital (0.77%) 1.31% 1.22%

Growth

Metric CMTG NREF Reit Mortgage median
Revenue growth (TTM) (30.92%) (5.70%) 4.70%
EPS growth (last fiscal year) (118.13%) 114.86% —
Revenue growth, 5-year CAGR (7.25%) 18.20% 14.60%
Net income growth, 5-year CAGR 0.00% 46.80% 0.00%

Health

Metric CMTG NREF Reit Mortgage median
Debt to equity 1.81 1.79 3.30
Current ratio 0.00 163.94 1.00
Net debt to EBITDA 67.18 28.84 18.31

Dividend

Metric CMTG NREF Reit Mortgage median
Dividend yield 12.64% 19.50% 13.05%
Payout ratio 3.61 1.24 1.24

Size

Metric CMTG NREF Reit Mortgage median
Market cap 183.41m 297.04m 517.48m

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