Ladder Capital Corp (LADR) vs STARWOOD PROPERTY TRUST, INC. (STWD)

Ladder Capital Corp and STARWOOD PROPERTY TRUST, INC. are both Reit Mortgage companies. STARWOOD PROPERTY TRUST, INC. is the larger, with a market value of $5.3B against $1.2B — 4.6× the size. Ladder Capital Corp trades at the lower P/E: 21.6× against 24.3×. STARWOOD PROPERTY TRUST, INC. grew revenue faster over the last twelve months: 11.8% against −11.0%. Ladder Capital Corp has the higher net margin (54.6% vs 10.9%) and the higher return on invested capital (0.56% vs 0.06%). Both pay a dividend; STARWOOD PROPERTY TRUST, INC. yields more (10.0% vs 8.62%). Across the 23 metrics below, Ladder Capital Corp leads on 14 and STARWOOD PROPERTY TRUST, INC. on 9.

Valuation

Metric LADR STWD Reit Mortgage median
P/E 21.62 24.34 7.80
P/S 11.83 2.62 1.90
P/B 0.79 0.77 0.61
Price to free cash flow 12.02 8.62 5.90
EV/EBITDA 49.67 185.91 28.40
EV/Sales 53.10 14.10 16.02
Earnings yield 4.63% 4.11% 7.68%
Free cash flow yield 8.32% 11.60% 11.60%

Profitability

Metric LADR STWD Reit Mortgage median
Gross margin 100.00% 29.13% 100.00%
Operating margin 49.94% 1.54% 35.40%
Net margin 54.61% 10.86% 11.85%
Free cash flow margin 99.69% 30.39% 26.68%
Return on equity 3.57% 3.21% 4.81%
Return on assets 1.04% 0.35% 0.62%
Return on invested capital 0.56% 0.06% 1.22%

Growth

Metric LADR STWD Reit Mortgage median
Revenue growth (TTM) (10.95%) 11.78% 4.70%
EPS growth (last fiscal year) (40.70%) 4.55% —
Revenue growth, 5-year CAGR 49.36% 10.17% 14.60%
Net income growth, 5-year CAGR 0.00% 3.94% 0.00%

Health

Metric LADR STWD Reit Mortgage median
Debt to equity 2.81 3.47 3.30
Current ratio 44.15 1.46 1.00
Net debt to EBITDA 36.15 160.93 18.31

Dividend

Metric LADR STWD Reit Mortgage median
Dividend yield 8.62% 10.04% 13.05%
Payout ratio 0.83 1.10 1.24

Size

Metric LADR STWD Reit Mortgage median
Market cap 1.15b 5.32b 517.48m

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