TPG Mortgage Investment Trust Inc. (MITT) vs Ready Capital Corp (RC)
TPG Mortgage Investment Trust Inc. and Ready Capital Corp are both Reit Mortgage companies. Ready Capital Corp is the larger, with a market value of $229.6M against $193.7M — 1.2× the size. Ready Capital Corp has negative trailing earnings, so its P/E is not meaningful; TPG Mortgage Investment Trust Inc. trades at 8.3×. TPG Mortgage Investment Trust Inc. grew revenue faster over the last twelve months: 18.8% against −43.0%. TPG Mortgage Investment Trust Inc. has the higher net margin (4.47% vs −134.1%) and the lower return on invested capital (4.05% vs 6.29%). Both pay a dividend; Ready Capital Corp yields more (16.7% vs 11.9%). Across the 20 metrics below, Ready Capital Corp leads on 13 and TPG Mortgage Investment Trust Inc. on 7.
Valuation
Profitability
| Metric | MITT | RC | Reit Mortgage median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 98.41% | 101.42% | 35.40% |
| Net margin | 4.47% | (134.14%) | 11.85% |
| Free cash flow margin | 15.68% | 297.03% | 26.68% |
| Return on equity | 7.17% | (37.06%) | 4.81% |
| Return on assets | 0.30% | (7.25%) | 0.62% |
| Return on invested capital | 4.05% | 6.29% | 1.22% |
Growth
Health
Dividend
Size
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