Granite Point Mortgage Trust Inc. (GPMT) vs Manhattan Bridge Capital, Inc (LOAN)

Granite Point Mortgage Trust Inc. and Manhattan Bridge Capital, Inc are both Reit Mortgage companies. Granite Point Mortgage Trust Inc. and Manhattan Bridge Capital, Inc are of similar size ($45.4M and $44.7M). Granite Point Mortgage Trust Inc. has negative trailing earnings, so its P/E is not meaningful; Manhattan Bridge Capital, Inc trades at 9.3×. Granite Point Mortgage Trust Inc. grew revenue faster over the last twelve months: −2.40% against −12.4%. Manhattan Bridge Capital, Inc has the higher net margin (58.3% vs −314.1%) and the higher return on invested capital (4.78% vs −2.91%). Both pay a dividend; Granite Point Mortgage Trust Inc. yields more (15.4% vs 9.66%). Across the 20 metrics below, Manhattan Bridge Capital, Inc leads on 14 and Granite Point Mortgage Trust Inc. on 6.

Valuation

Metric GPMT LOAN Reit Mortgage median
P/E n/m 9.29 7.80
P/S 1.44 5.47 1.90
P/B 0.09 1.04 0.61
Price to free cash flow 72.87 8.55 5.90
EV/EBITDA n/m 18.77 28.40
EV/Sales 32.61 11.18 16.02
Earnings yield (218.48%) 10.77% 7.68%
Free cash flow yield 1.37% 11.70% 11.60%

Profitability

Metric GPMT LOAN Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin (151.32%) 58.19% 35.40%
Net margin (314.14%) 58.30% 11.85%
Free cash flow margin 1.98% 63.97% 26.68%
Return on equity (18.04%) 11.00% 4.81%
Return on assets (5.68%) 7.22% 0.62%
Return on invested capital (2.91%) 4.78% 1.22%

Growth

Metric GPMT LOAN Reit Mortgage median
Revenue growth (TTM) (2.40%) (12.37%) 4.70%
EPS growth (last fiscal year) 73.58% (8.16%) —
Revenue growth, 5-year CAGR (22.97%) 4.34% 14.60%
Net income growth, 5-year CAGR 0.00% 3.86% 0.00%

Health

Metric GPMT LOAN Reit Mortgage median
Debt to equity 1.29 0.45 3.30
Current ratio 0.00 3.06 1.00
Net debt to EBITDA (94.92) 3.33 18.31

Dividend

Metric GPMT LOAN Reit Mortgage median
Dividend yield 15.38% 9.66% 13.05%
Payout ratio 5.88 1.08 1.24

Size

Metric GPMT LOAN Reit Mortgage median
Market cap 45.44m 44.67m 517.48m

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