NexPoint Real Estate Finance, Inc. (NREF) vs Chicago Atlantic Real Estate Finance, Inc. (REFI)

NexPoint Real Estate Finance, Inc. and Chicago Atlantic Real Estate Finance, Inc. are both Reit Mortgage companies. NexPoint Real Estate Finance, Inc. and Chicago Atlantic Real Estate Finance, Inc. are of similar size ($297.0M and $272.4M). NexPoint Real Estate Finance, Inc. trades at the lower P/E: 6.7× against 7.7×. Chicago Atlantic Real Estate Finance, Inc. grew revenue faster over the last twelve months: −3.77% against −5.70%. NexPoint Real Estate Finance, Inc. has the higher net margin (65.6% vs 54.6%) and the lower return on invested capital (1.31% vs 6.47%). Both pay a dividend; NexPoint Real Estate Finance, Inc. yields more (19.5% vs 13.0%). Across the 20 metrics below, Chicago Atlantic Real Estate Finance, Inc. leads on 12 and NexPoint Real Estate Finance, Inc. on 8.

Valuation

Metric NREF REFI Reit Mortgage median
P/E 6.65 7.66 7.80
P/S 3.13 4.20 1.90
P/B 0.78 0.75 0.61
Price to free cash flow 63.54 8.40 5.90
EV/EBITDA 30.94 7.72 28.40
EV/Sales 8.81 3.95 16.02
Earnings yield 15.03% 13.05% 7.68%
Free cash flow yield 1.57% 11.90% 11.60%

Profitability

Metric NREF REFI Reit Mortgage median
Gross margin 100.00% 100.00% 100.00%
Operating margin 20.29% 55.37% 35.40%
Net margin 65.64% 54.57% 11.85%
Free cash flow margin 4.92% 49.97% 26.68%
Return on equity 17.13% 9.61% 4.81%
Return on assets 1.16% 6.41% 0.62%
Return on invested capital 1.31% 6.47% 1.22%

Growth

Metric NREF REFI Reit Mortgage median
Revenue growth (TTM) (5.70%) (3.77%) 4.70%
EPS growth (last fiscal year) 114.86% (10.64%) —
Revenue growth, 5-year CAGR 18.20% — 14.60%
Net income growth, 5-year CAGR 46.80% — 0.00%

Health

Metric NREF REFI Reit Mortgage median
Debt to equity 1.79 0.00 3.30
Current ratio 163.94 0.09 1.00
Net debt to EBITDA 28.84 (0.44) 18.31

Dividend

Metric NREF REFI Reit Mortgage median
Dividend yield 19.50% 13.02% 13.05%
Payout ratio 1.24 0.93 1.24

Size

Metric NREF REFI Reit Mortgage median
Market cap 297.04m 272.35m 517.48m

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