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)
RWTthis companyRedwood Trust, Inc.	$3.15	-9.37×	0.73×	0.65×	21.24×	-361.3%	95.6%	95.3%	-6.3%	-7.1%	4.5%	-1401.5%	22.56×	20.56×	0.96×	0.28×	14.7%	5	0.06	2	C+
ADAMAdamas Trust, Inc.	$5.68	6.52×	0.46×	0.82×	64.52×	149.8%	43.8%	17.1%	18.5%	10.4%	1.1%	19.1%	7.71×	60.8×	0.3×	0.03×	18.5%	6	0.02	2	C+
BFSSaul Centers, Inc.	$29.05	20.34×	2.48×	2.62×	13.2×	834.2%	30.7%	41.0%	12.9%	12.2%	5.7%	13.1%	5.2×	8.92×	1.7×	0.34×	9.0%	6	0.36	3	B
FBRTFranklin BSP Realty Trust, Inc.	$6.29	14.97×	0.57×	1.48×	12.71×	1760.5%	92.1%	68.4%	14.8%	5.7%	6.1%	35.5%	2.95×	10.58×	1.32×	18.43×	17.7%	7	0.05	3	B
KREFKKR Real Estate Finance Trust Inc.	$5.61	-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+
MITPTPG Mortgage Investment Trust Inc 9.500% Senior Notes due 2029	$24.70	9.47×	0.47×	0.56×	17.4×	27196.2%	94.7%	96.9%	10.3%	8.7%	5.2%	22.5%	14.45×	16.85×	1.13×	0.09×	17.3%	5	0.03	—	—
Peer median	—	9.47×	0.47×	1.2×	17.4×	1760.5%	88.3%	59.3%	12.9%	8.7%	5.2%	19.1%	5.2×	16.76×	1.13×	0.32×	17.3%	6	0.03	3	—