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)
CMTGthis companyClaros Mortgage Trust, Inc.	$1.70	-0.88×	0.28×	1×	-7.13×	-1404.4%	-86.9%	-113.6%	-113.6%	-31.9%	-10.4%	-7.7%	2.05×	-6.23×	-1.45×	1.8×	0.0%	4	-0.45	2	B-
IVRInvesco Mortgage Capital Inc.	$5.48	6.37×	0.7×	1.64×	19.06×	-1482.0%	35.3%	29.8%	29.8%	12.7%	1.6%	28.2%	7.05×	17.32×	0.46×	0.04×	19.2%	3	-1.58	2	C+
KREFKKR Real Estate Finance Trust Inc.	$5.74	-7.83×	0.47×	1.2×	18.76×	2163.7%	88.3%	59.3%	-10.3%	-4.0%	4.2%	12.1%	4×	16.76×	0.84×	0.32×	16.1%	4	-0.17	2	C+
NLOPNet Lease Office Properties	$9.43	-2.63×	1.3×	3.21×	-3.05×	53.1%	70.0%	29.7%	-122.2%	-49.4%	7.8%	15.7%	0.08×	1.04×	2.77×	5.6×	27.9%	6	-2.63	3	B
NREFNexPoint Real Estate Finance, Inc.	$13.37	3.29×	0.33×	1.98×	27.72×	90.4%	88.9%	129.7%	83.3%	14.0%	3.1%	9.2%	5.95×	26.24×	3.83×	0.31×	24.7%	4	0.16	4	A-
RCReady Capital Corporation	$1.04	-1.51×	0.23×	0.72×	27.87×	1646.2%	87.7%	24.2%	-45.8%	-14.7%	41.5%	-56.7%	3.78×	26.19×	0.24×	1.04×	31.6%	5	-0.4	2	C
Peer median	—	-1.51×	0.47×	1.64×	19.06×	90.4%	87.7%	29.8%	-10.3%	-4.0%	4.2%	12.1%	4×	17.32×	0.84×	0.32×	24.7%	4	-0.4	2	—