TPG Mortgage Investment Trust Inc. (MITT) vs NexPoint Real Estate Finance, Inc. (NREF)

TPG Mortgage Investment Trust Inc. and NexPoint Real Estate Finance, Inc. are both Reit Mortgage companies. NexPoint Real Estate Finance, Inc. is the larger, with a market value of $297.0M against $193.7M — 1.5× the size. NexPoint Real Estate Finance, Inc. trades at the lower P/E: 6.7× against 8.3×. TPG Mortgage Investment Trust Inc. grew revenue faster over the last twelve months: 18.8% against −5.70%. NexPoint Real Estate Finance, Inc. has the higher net margin (65.6% vs 4.47%) and the lower return on invested capital (1.31% vs 4.05%). Both pay a dividend; NexPoint Real Estate Finance, Inc. yields more (19.5% vs 11.9%). Across the 22 metrics below, TPG Mortgage Investment Trust Inc. leads on 11 and NexPoint Real Estate Finance, Inc. on 11.

Valuation

Metric MITT NREF Reit Mortgage median
P/E 8.26 6.65 7.80
P/S 0.38 3.13 1.90
P/B 0.60 0.78 0.61
Price to free cash flow 2.41 63.54 5.90
EV/EBITDA 15.79 30.94 28.40
EV/Sales 16.10 8.81 16.02
Earnings yield 12.11% 15.03% 7.68%
Free cash flow yield 41.52% 1.57% 11.60%

Profitability

Metric MITT NREF Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 98.41% 20.29% 35.40%
Net margin 4.47% 65.64% 11.85%
Free cash flow margin 15.68% 4.92% 26.68%
Return on equity 7.17% 17.13% 4.81%
Return on assets 0.30% 1.16% 0.62%
Return on invested capital 4.05% 1.31% 1.22%

Growth

Metric MITT NREF Reit Mortgage median
Revenue growth (TTM) 18.75% (5.70%) 4.70%
EPS growth (last fiscal year) (26.83%) 114.86% —
Revenue growth, 5-year CAGR 45.16% 18.20% 14.60%
Net income growth, 5-year CAGR 0.00% 46.80% 0.00%

Health

Metric MITT NREF Reit Mortgage median
Debt to equity 13.45 1.79 3.30
Current ratio 0.00 163.94 1.00
Net debt to EBITDA 15.82 28.84 18.31

Dividend

Metric MITT NREF Reit Mortgage median
Dividend yield 11.92% 19.50% 13.05%
Payout ratio 1.74 1.24 1.24

Size

Metric MITT NREF Reit Mortgage median
Market cap 193.68m 297.04m 517.48m

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