Franklin BSP Realty Trust, Inc. (FBRT) vs INVESCO MORTGAGE CAPITAL INC (IVR)

Franklin BSP Realty Trust, Inc. and INVESCO MORTGAGE CAPITAL INC are both Reit Mortgage companies. INVESCO MORTGAGE CAPITAL INC is the larger, with a market value of $693.2M against $606.2M — 1.1× the size. INVESCO MORTGAGE CAPITAL INC trades at the lower P/E: 4.3× against 15.8×. Franklin BSP Realty Trust, Inc. grew revenue faster over the last twelve months: 37.0% against 7.29%. INVESCO MORTGAGE CAPITAL INC has the higher net margin (33.9% vs 12.2%) and the lower return on invested capital (0.69% vs 0.78%). Both pay a dividend; INVESCO MORTGAGE CAPITAL INC yields more (18.8% vs 11.6%). Across the 23 metrics below, Franklin BSP Realty Trust, Inc. leads on 15 and INVESCO MORTGAGE CAPITAL INC on 8.

Valuation

Metric FBRT IVR Reit Mortgage median
P/E 15.84 4.33 7.80
P/S 1.74 1.93 1.90
P/B 0.44 0.74 0.61
Price to free cash flow 2.97 3.66 5.90
EV/EBITDA 53.11 100.35 28.40
EV/Sales 14.88 23.17 16.02
Earnings yield 6.31% 23.09% 7.68%
Free cash flow yield 33.63% 27.29% 11.60%

Profitability

Metric FBRT IVR Reit Mortgage median
Gross margin 92.00% 30.40% 100.00%
Operating margin 22.30% 24.27% 35.40%
Net margin 12.19% 33.93% 11.85%
Free cash flow margin 58.62% 52.56% 26.68%
Return on equity 3.05% 15.68% 4.81%
Return on assets 0.62% 1.70% 0.62%
Return on invested capital 0.78% 0.69% 1.22%

Growth

Metric FBRT IVR Reit Mortgage median
Revenue growth (TTM) 36.99% 7.29% 4.70%
EPS growth (last fiscal year) (21.95%) 103.08% —
Revenue growth, 5-year CAGR 18.09% 1.06% 14.60%
Net income growth, 5-year CAGR 6.78% 0.00% 0.00%

Health

Metric FBRT IVR Reit Mortgage median
Debt to equity 2.85 6.27 3.30
Current ratio 96.80 0.04 1.00
Net debt to EBITDA 43.97 105.08 18.31

Dividend

Metric FBRT IVR Reit Mortgage median
Dividend yield 11.55% 18.77% 13.05%
Payout ratio 0.83 0.41 1.24

Size

Metric FBRT IVR Reit Mortgage median
Market cap 606.23m 693.21m 517.48m

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