| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
BRMK Stock Overview
Broadmark Realty Capital Inc., together with its subsidiaries, engages in the underwriting, funding, servicing, and managing a portfolio of short-term and first deed of trust loans to fund the construction, development, and investment in residential or commercial properties in the United States.
Broadmark Realty Capital Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.56 |
| 52 Week High | US$11.10 |
| 52 Week Low | US$8.85 |
| Beta | 1.2 |
| 1 Month Change | 5.64% |
| 3 Month Change | -8.17% |
| 1 Year Change | -9.90% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -12.69% |
Recent News & Updates
Broadmark Realty Capital: The Most Interesting 9% Yield The Market Has To Offer
Broadmark is a small-cap hard money lender that is well diversified by property type as well as geography. Broadmark’s rock solid balance sheet with zero debt and ample liquidity differentiate it from the rest of the mREIT sector. 12.8x earnings and a 8.8% dividend yield paid monthly make Broadmark a fantastic candidate for dividend reinvestment. Investors should keep an eye on the payout ratio, which is over 100%. In my opinion, this is a temporary issue that will not lead to a dividend cut.
Broadmark Realty: Rare 9% Yield In A Low Rate World
Broadmark Realty has seen material share price weakness in recent weeks. Meanwhile, it carries no debt on the balance sheet and maintains strong liquidity. It's also seeing strong loan origination volumes and management is making progress towards resolving defaults from last year.
Is Now The Time To Put Broadmark Realty Capital (NYSE:BRMK) On Your Watchlist?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Shareholder Returns
| BRMK | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | -2.1% | -3.5% | -4.6% |
| 1Y | -9.9% | 3.9% | 7.7% |
Return vs Industry: BRMK underperformed the US Mortgage REITs industry which returned 6.1% over the past year.
Return vs Market: BRMK underperformed the US Market which returned 10.2% over the past year.
Price Volatility
| BRMK volatility | |
|---|---|
| BRMK Average Weekly Movement | 3.1% |
| Mortgage REITs Industry Average Movement | 3.6% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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 (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2010 | 54 | Jeff Pyatt | https://www.broadmark.com |
Broadmark Realty Capital Inc., together with its subsidiaries, engages in the underwriting, funding, servicing, and managing a portfolio of short-term and first deed of trust loans to fund the construction, development, and investment in residential or commercial properties in the United States. It also provides short-term and first deed of trust loans secured by real estate to fund the construction and development, investment in residential or commercial properties. The company has elected to be taxed as a real estate investment trust.
Broadmark Realty Capital Fundamentals Summary
| BRMK fundamental statistics | |
|---|---|
| Market Cap | US$1.27b |
| Earnings (TTM) | US$82.73m |
| Revenue (TTM) | US$113.32m |
15.3x
P/E Ratio11.2x
P/S RatioIs BRMK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BRMK income statement (TTM) | |
|---|---|
| Revenue | US$113.32m |
| Cost of Revenue | US$0 |
| Gross Profit | US$113.32m |
| Expenses | US$30.59m |
| Earnings | US$82.73m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.62 |
| Gross Margin | 100.00% |
| Net Profit Margin | 73.01% |
| Debt/Equity Ratio | 0% |
How did BRMK perform over the long term?
See historical performance and comparisonDividends
8.8%
Current Dividend Yield130%
Payout RatioDoes BRMK pay a reliable dividends?
See BRMK dividend history and benchmarks| Broadmark Realty Capital dividend dates | |
|---|---|
| Ex Dividend Date | Jan 28 2022 |
| Dividend Pay Date | Feb 15 2022 |
| Days until Ex dividend | 8 days |
| Days until Dividend pay date | 26 days |
Does BRMK pay a reliable dividends?
See BRMK dividend history and benchmarksValuation
Is Broadmark Realty Capital undervalued compared to its fair value and its price relative to the market?
15.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BRMK ($9.56) is trading above our estimate of fair value ($5.7)
Significantly Below Fair Value: BRMK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BRMK is poor value based on its PE Ratio (15.3x) compared to the US Mortgage REITs industry average (10.1x).
PE vs Market: BRMK is good value based on its PE Ratio (15.3x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: BRMK is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: BRMK is overvalued based on its PB Ratio (1.1x) compared to the US Mortgage REITs industry average (0.9x).
Future Growth
How is Broadmark Realty Capital forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
25.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BRMK's forecast earnings growth (25.6% per year) is above the savings rate (2%).
Earnings vs Market: BRMK's earnings (25.6% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BRMK's revenue (20.2% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: BRMK's revenue (20.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BRMK's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Broadmark Realty Capital performed over the past 5 years?
37.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BRMK has high quality earnings.
Growing Profit Margin: BRMK's current net profit margins (73%) are higher than last year (51.9%).
Past Earnings Growth Analysis
Earnings Trend: BRMK's earnings have grown significantly by 37.4% per year over the past 5 years.
Accelerating Growth: BRMK's earnings growth over the past year (37.4%) exceeds its 5-year average (37.4% per year).
Earnings vs Industry: BRMK earnings growth over the past year (37.4%) underperformed the Mortgage REITs industry 46.7%.
Return on Equity
High ROE: BRMK's Return on Equity (7.2%) is considered low.
Financial Health
How is Broadmark Realty Capital's financial position?
Financial Position Analysis
Short Term Liabilities: BRMK's short term assets ($975.7M) exceed its short term liabilities ($14.8M).
Long Term Liabilities: BRMK's short term assets ($975.7M) exceed its long term liabilities ($10.5M).
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
Dividend
What is Broadmark Realty Capital current dividend yield, its reliability and sustainability?
8.79%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BRMK's dividend (8.79%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: BRMK's dividend (8.79%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BRMK has been paying a dividend for less than 10 years.
Growing Dividend: BRMK has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (129.7%), BRMK's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Jeff Pyatt (62 yo)
no data
Tenure
US$1,157,628
Compensation
Mr. Jeffrey B. Pyatt, also known as Jeff, serves as President, Chief Executive Officer at Broadmark Realty Capital Inc and serves as its Director since 2019. He serves as Executive Chairman at Broadmark Re...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD1.16M) is below average for companies of similar size in the US market ($USD3.70M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BRMK's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: BRMK's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BRMK insiders have only sold shares 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 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
- Implied Market Cap: US$1.269b
- Shares outstanding: 132.69m
- Website: https://www.broadmark.com
Number of Employees
Location
- Broadmark Realty Capital Inc.
- 1420 Fifth Avenue
- Suite 2000
- Seattle
- Washington
- 98101
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:49 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.