NYSE:BRMK

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Executive Summary

Broadmark Realty Capital Inc. provides short-term and first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, and development of residential and commercial properties in the United States. More Details


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Broadmark Realty Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BRMK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BRMK's weekly volatility has decreased from 9% to 3% over the past year.


Market Performance


7 Day Return

1.9%

BRMK

4.4%

US Mortgage REITs

-1.4%

US Market


1 Year Return

-11.2%

BRMK

-22.8%

US Mortgage REITs

37.1%

US Market

Return vs Industry: BRMK exceeded the US Mortgage REITs industry which returned -25.7% over the past year.

Return vs Market: BRMK underperformed the US Market which returned 34.1% over the past year.


Shareholder returns

BRMKIndustryMarket
7 Day1.9%4.4%-1.4%
30 Day2.4%6.3%1.6%
90 Day4.2%10.6%7.3%
1 Year-3.1%-11.2%-14.2%-22.8%40.2%37.1%
3 Yearn/a14.5%-16.3%62.5%52.1%
5 Yearn/a61.4%-6.2%133.9%108.0%

Long-Term Price Volatility Vs. Market

How volatile is Broadmark Realty Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Broadmark Realty Capital undervalued compared to its fair value and its price relative to the market?

43.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRMK ($10.86) is trading below our estimate of fair value ($19.08)

Significantly Below Fair Value: BRMK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BRMK is poor value based on its PE Ratio (39.8x) compared to the US Mortgage REITs industry average (19.3x).

PE vs Market: BRMK is poor value based on its PE Ratio (39.8x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: BRMK is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: BRMK is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage REITs industry average (0.9x).


Next Steps

Future Growth

How is Broadmark Realty Capital forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

32.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRMK's forecast earnings growth (32.6% per year) is above the savings rate (2%).

Earnings vs Market: BRMK's earnings (32.6% per year) are forecast to grow faster than the US market (20.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BRMK's revenue (6.2% per year) is forecast to grow slower than the US market (10.5% per year).

High Growth Revenue: BRMK's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRMK's Return on Equity is forecast to be low in 3 years time (11.5%).


Next Steps

Past Performance

How has Broadmark Realty Capital performed over the past 5 years?

1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRMK has high quality earnings.

Growing Profit Margin: BRMK's current net profit margins (20.1%) are lower than last year (96.8%).


Past Earnings Growth Analysis

Earnings Trend: BRMK's earnings have grown by 1.7% per year over the past 5 years.

Accelerating Growth: BRMK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BRMK had negative earnings growth (-26.1%) over the past year, making it difficult to compare to the Mortgage REITs industry average (-40.1%).


Return on Equity

High ROE: BRMK's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Broadmark Realty Capital's financial position?


Financial Position Analysis

Short Term Liabilities: BRMK's short term assets ($1.0B) exceed its short term liabilities ($11.4M).

Long Term Liabilities: BRMK has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BRMK is debt free.

Reducing Debt: BRMK had no debt 5 years ago.

Debt Coverage: BRMK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BRMK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Broadmark Realty Capital current dividend yield, its reliability and sustainability?

7.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRMK's dividend (7.73%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: BRMK's dividend (7.73%) is in the top 25% of dividend payers in the US market (3.75%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether BRMK's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if BRMK's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (263.8%), BRMK's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRMK's dividends in 3 years are not forecast to be well covered by earnings (96.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Jeff Pyatt (60 yo)

no data

Tenure

US$8,039,071

Compensation

Mr. Jeffrey B. Pyatt, also known as Jeff, serves as President, Chief Executive Officer and Director at Broadmark Realty Capital Inc. Prior to that, he served as President of MgCo I from the time that he co...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD8.04M) is above average for companies of similar size in the US market ($USD3.68M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Pyatt
Presidentno dataUS$8.04m1.91%
$ 27.5m
David Schneider
CFO, Treasurer & Principal Accounting Officer1.17yrsUS$171.88kno data
Linda Koa
Company Secretary & COO0.92yrno data0.021%
$ 304.0k
Nevin Boparai
Chief Legal Officer0.42yrno datano data
Jessica Disman
Director of Sale & Marketing and Private Capital Marketsno datano datano data
Janet Rockas
Director of Human Resources0.92yrno datano data
Daniel Hirsty
Chief Credit Officer & Assistant Secretary0.92yrno data0.0079%
$ 113.7k
Brian Dubin
Senior Vice President of Mid-Atlantic0.92yrno datano data
Bryan Graf
Senior Vice President of Pacific Northwest0.92yrno datano data
Jordan Siao
Senior Vice President of Southeast0.92yrno datano data
Thomas Gunnison
Senior Vice President of Mountain West0.92yrno datano data
Geir Watland
Managing Director of Private Capital Markets1.08yrsno datano data

0.9yrs

Average Tenure

40yo

Average Age

Experienced Management: BRMK's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Pyatt
Presidentno dataUS$8.04m1.91%
$ 27.5m
Joseph Schocken
Non-Executive Chairman2.08yrsUS$8.66m0.11%
$ 1.5m
Kevin Luebbers
Independent Director2.08yrsUS$25.00k0.080%
$ 1.2m
David Karp
Lead Independent Director2.08yrsUS$28.75kno data
Stephen Haggerty
Independent Director2.08yrsUS$22.50k0.47%
$ 6.8m
Daniel Hirsch
Independent Director2.08yrsUS$22.50k0.023%
$ 325.8k
Norma Lawrence
Independent Director2.08yrsUS$22.50kno data

2.1yrs

Average Tenure

60yo

Average Age

Experienced Board: BRMK's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Broadmark Realty Capital Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Broadmark Realty Capital Inc.
  • Ticker: BRMK
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$1.436b
  • Shares outstanding: 132.24m
  • Website: https://www.broadmark.com

Number of Employees


Location

  • Broadmark Realty Capital Inc.
  • 1420 Fifth Avenue
  • Suite 2000
  • Seattle
  • Washington
  • 98101
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRMKNYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2019

Biography

Broadmark Realty Capital Inc. provides short-term and first deed of trust loans secured by real estate to fund the acquisition, renovation, rehabilitation, and development of residential and commercial pro...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 01:18
End of Day Share Price2021/02/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.