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 $595.7M against $475.2M — 1.3× the size. INVESCO MORTGAGE CAPITAL INC grew revenue faster over the last twelve months: 16.5% against 12.5%. Franklin BSP Realty Trust, Inc. has the higher net margin (−2.04% vs −12.2%) and the higher return on invested capital (0.86% vs 0.79%). Both pay a dividend; INVESCO MORTGAGE CAPITAL INC yields more (28.7% vs 15.3%). Across the 22 metrics below, Franklin BSP Realty Trust, Inc. leads on 17 and INVESCO MORTGAGE CAPITAL INC on 5.

Valuation

Metric FBRT IVR Reit Mortgage median
P/E n/m n/m 14.55
P/S 1.72 1.71 1.72
P/B 0.46 0.79 0.52
Price to free cash flow 2.19 3.52 4.35
EV/EBITDA 48.75 106.14 28.27
EV/Sales 14.83 22.64 15.73
Earnings yield (0.27%) (2.77%) 0.23%
Free cash flow yield 45.64% 28.42% 13.86%

Profitability

Metric FBRT IVR Reit Mortgage median
Gross margin 91.67% 32.85% 100.00%
Operating margin 24.33% 26.98% 31.94%
Net margin (2.04%) (12.24%) (1.81%)
Free cash flow margin 78.52% 0.00% 27.05%
Return on equity (0.49%) (6.23%) (0.49%)
Return on assets (0.10%) (0.61%) (0.06%)
Return on invested capital 0.86% 0.79% 0.79%

Growth

Metric FBRT IVR Reit Mortgage median
Revenue growth (TTM) 12.51% 16.50% 1.39%
EPS growth (last fiscal year) (21.95%) 103.08% 45.25%
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 2.91 7.57 2.91
Current ratio 83.00 0.06 0.82
Net debt to EBITDA 43.97 105.08 18.31

Dividend

Metric FBRT IVR Reit Mortgage median
Dividend yield 15.33% 28.68% 17.37%
Payout ratio 2.17 1.05 1.87

Size

Metric FBRT IVR Reit Mortgage median
Market cap 475.23m 595.70m 409.49m

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