Lument Finance Trust, Inc. (LFT) vs Great Ajax Corp. (RPT)

Lument Finance Trust, Inc. and Great Ajax Corp. are both Reit Mortgage companies. Great Ajax Corp. is the larger, with a market value of $85.1M against $27.2M — 3.1× the size. Lument Finance Trust, Inc. grew revenue faster over the last twelve months: −23.0% against −77.3%. Great Ajax Corp. has the higher net margin (−14.4% vs −24.2%) and the higher return on invested capital (0.27% vs −0.60%). Both pay a dividend; Great Ajax Corp. yields more (14.9% vs 11.6%). Across the 19 metrics below, Lument Finance Trust, Inc. leads on 11 and Great Ajax Corp. on 8.

Valuation

Metric LFT RPT Reit Mortgage median
P/E n/m n/m 7.80
P/S 0.36 5.56 1.90
P/B 0.18 0.36 0.61
Price to free cash flow 1.13 n/m 5.90
EV/EBITDA 27.60 117.77 28.40
EV/Sales 17.18 35.85 16.02
Earnings yield (69.36%) (2.41%) 7.68%
Free cash flow yield 88.86% (10.74%) 11.60%

Profitability

Metric LFT RPT Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 59.77% 21.02% 35.40%
Net margin (24.22%) (14.42%) 11.85%
Free cash flow margin 31.74% (59.65%) 26.68%
Return on equity (11.47%) (0.91%) 4.81%
Return on assets (1.75%) (0.22%) 0.62%
Return on invested capital (0.60%) 0.27% 1.22%

Growth

Metric LFT RPT Reit Mortgage median
Revenue growth (TTM) (22.95%) (77.29%) 4.70%
EPS growth (last fiscal year) (141.18%) 97.38% —
Revenue growth, 5-year CAGR 18.64% (24.69%) 14.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LFT RPT Reit Mortgage median
Debt to equity 4.40 1.84 3.30
Current ratio 5.98 1.00 1.00
Net debt to EBITDA 18.31 181.49 18.31

Dividend

Metric LFT RPT Reit Mortgage median
Dividend yield 11.61% 14.89% 13.05%
Payout ratio 1.85 0.47 1.24

Size

Metric LFT RPT Reit Mortgage median
Market cap 27.18m 85.11m 517.48m

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