Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
BXMTthis companyBlackstone Mortgage Trust, Inc.	$11.14	29.89×	0.93×	2.15×	16.27×	2128.9%	76.9%	71.6%	7.2%	3.1%	5.3%	8.4%	4.62×	13.46×	1.1×	0.06×	9.9%	5	0.12	2	C+
ABRArbor Realty Trust	$1.58	13.86×	0.51×	1.24×	13.38×	12706.7%	93.9%	74.6%	12.3%	5.0%	141.7%	26.5%	3.74×	11.72×	1.29×	0.1×	21.4%	5	0.18	2	B-
CDPCOPT Defense Properties	$33.29	20.59×	2.06×	4.09×	13.79×	53.3%	15.4%	30.2%	19.9%	10.1%	5.2%	8.1%	1.86×	6.18×	2.61×	1.64×	4.4%	7	0.82	3	B+
HIWHighwoods Properties, Inc.	$31.72	17.81×	1.18×	3.47×	10.51×	218.4%	67.6%	26.0%	19.8%	6.7%	24.8%	5.9%	1.53×	5.92×	1.37×	42.45×	7.8%	4	0.63	3	B+
MFAMFA Financial, Inc.	$6.16	5.44×	0.53×	1.1×	16.97×	-1160.0%	96.2%	78.8%	20.2%	9.7%	5.4%	7.9%	6.01×	15.57×	1.34×	2.18×	4.2%	8	0.03	3	B+
NMRKNewmark Group, Inc.	$12.04	24.42×	2.12×	0.93×	11.43×	47.6%	94.6%	7.0%	3.8%	8.6%	3.6%	4.6%	1.37×	3.98×	7.2×	2.25×	0.7%	6	1.14	3	B+
Peer median	—	17.81×	1.18×	1.24×	13.38×	53.3%	93.9%	30.2%	19.8%	8.6%	5.4%	7.9%	1.86×	6.18×	1.37×	2.18×	4.4%	6	0.63	3	—