Lument Finance Trust, Inc. (LFT) vs TPG Mortgage Investment Trust Inc. (MITT)

Lument Finance Trust, Inc. and TPG Mortgage Investment Trust Inc. are both Reit Mortgage companies. TPG Mortgage Investment Trust Inc. is the larger, with a market value of $158.7M against $21.3M — 7.5× the size. Lument Finance Trust, Inc. has negative trailing earnings, so its P/E is not meaningful; TPG Mortgage Investment Trust Inc. trades at 6.8×. TPG Mortgage Investment Trust Inc. grew revenue faster over the last twelve months: 18.8% against −23.0%. TPG Mortgage Investment Trust Inc. has the higher net margin (4.47% vs −24.2%) and the higher return on invested capital (4.05% vs −0.60%). Both pay a dividend; Lument Finance Trust, Inc. yields more (29.5% vs 19.0%). Across the 20 metrics below, TPG Mortgage Investment Trust Inc. leads on 12 and Lument Finance Trust, Inc. on 8.

Valuation

Metric LFT MITT Reit Mortgage median
P/E n/m 6.76 14.55
P/S 0.28 0.31 1.72
P/B 0.14 0.49 0.52
Price to free cash flow 0.88 1.97 4.35
EV/EBITDA 27.48 15.72 28.27
EV/Sales 17.10 16.03 15.73
Earnings yield (88.45%) 14.80% 0.23%
Free cash flow yield 113.31% 50.74% 13.86%

Profitability

Metric LFT MITT Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 59.77% 98.41% 31.94%
Net margin (24.22%) 4.47% (1.81%)
Free cash flow margin 31.74% 15.68% 27.05%
Return on equity (11.47%) 7.17% (0.49%)
Return on assets (1.75%) 0.30% (0.06%)
Return on invested capital (0.60%) 4.05% 0.79%

Growth

Metric LFT MITT Reit Mortgage median
Revenue growth (TTM) (22.95%) 18.75% 1.39%
EPS growth (last fiscal year) (141.18%) (26.83%) 45.25%
Revenue growth, 5-year CAGR 18.64% 45.16% 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LFT MITT Reit Mortgage median
Debt to equity 4.40 13.45 2.91
Current ratio 5.98 0.00 0.82
Net debt to EBITDA 18.31 15.82 18.31

Dividend

Metric LFT MITT Reit Mortgage median
Dividend yield 29.48% 19.00% 17.37%
Payout ratio — 1.28 1.87

Size

Metric LFT MITT Reit Mortgage median
Market cap 21.29m 158.70m 409.49m

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