WallStSmart

Blackstone Mortgage Trust Inc (BXMT)vsAnnaly Capital Management, Inc. (NLY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Annaly Capital Management, Inc. generates 441% more annual revenue ($2.38B vs $439.95M). NLY leads profitability with a 85.1% profit margin vs 24.9%. NLY appears more attractively valued with a PEG of 32.03. NLY earns a higher WallStSmart Score of 75/100 (B).

BXMT

Buy

64

out of 100

Grade: C+

Growth: 6.7Profit: 6.0Value: 4.7Quality: 4.5
Piotroski: 5/9Altman Z: 0.81

NLY

Strong Buy

75

out of 100

Grade: B

Growth: 9.3Profit: 7.5Value: 7.3Quality: 2.5
Piotroski: 3/9Altman Z: -0.56
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BXMTSignificantly Overvalued (-40.1%)

Margin of Safety

-40.1%

Fair Value

$14.28

Current Price

$19.00

$4.72 premium

UndervaluedFair: $14.28Overvalued
NLYUndervalued (+83.2%)

Margin of Safety

+83.2%

Fair Value

$135.72

Current Price

$21.41

$114.31 discount

UndervaluedFair: $135.72Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BXMT4 strengths · Avg: 9.3/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
49.4%10/10

Revenue surging 49.4% year-over-year

Profit MarginProfitability
24.9%9/10

Keeps 25 of every $100 in revenue as profit

Operating MarginProfitability
23.3%8/10

Strong operational efficiency at 23.3%

NLY6 strengths · Avg: 10.0/10
P/E RatioValuation
7.3x10/10

Attractively priced relative to earnings

Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Profit MarginProfitability
85.1%10/10

Keeps 85 of every $100 in revenue as profit

Operating MarginProfitability
93.7%10/10

Strong operational efficiency at 93.7%

Revenue GrowthGrowth
113.9%10/10

Revenue surging 113.9% year-over-year

EPS GrowthGrowth
81.1%10/10

Earnings expanding 81.1% YoY

Areas to Watch

BXMT4 concerns · Avg: 2.8/10
P/E RatioValuation
29.0x4/10

Moderate valuation

Return on EquityProfitability
3.0%3/10

ROE of 3.0% — below average capital efficiency

PEG RatioValuation
254.802/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.812/10

Distress zone — elevated risk

NLY4 concerns · Avg: 2.0/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
32.032/10

Expensive relative to growth rate

Altman Z-ScoreHealth
-0.562/10

Distress zone — elevated risk

Debt/EquityHealth
6.951/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : BXMT

The strongest argument for BXMT centers on Price/Book, Revenue Growth, Profit Margin. Profitability is solid with margins at 24.9% and operating margin at 23.3%. Revenue growth of 49.4% demonstrates continued momentum.

Bull Case : NLY

The strongest argument for NLY centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 85.1% and operating margin at 93.7%. Revenue growth of 113.9% demonstrates continued momentum.

Bear Case : BXMT

The primary concerns for BXMT are P/E Ratio, Return on Equity, PEG Ratio.

Bear Case : NLY

The primary concerns for NLY are Piotroski F-Score, PEG Ratio, Altman Z-Score. Debt-to-equity of 6.95 is elevated, increasing financial risk.

Key Dynamics to Monitor

NLY carries more volatility with a beta of 1.30 — expect wider price swings.

NLY is growing revenue faster at 113.9% — sustainability is the question.

NLY generates stronger free cash flow (472M), providing more financial flexibility.

Monitor REIT - MORTGAGE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NLY scores higher overall (75/100 vs 64/100), backed by strong 85.1% margins and 113.9% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Blackstone Mortgage Trust Inc

REAL ESTATE · REIT - MORTGAGE · USA

Blackstone Mortgage Trust, Inc., a real estate financing company, originates senior secured commercial property loans in North America, Europe and Australia. The company is headquartered in New York, New York.

Annaly Capital Management, Inc.

REAL ESTATE · REIT - MORTGAGE · USA

Annaly Capital Management, Inc., a diversified capital manager, invests in and finances residential and commercial assets. The company is headquartered in New York, New York.

Visit Website →

Want to dig deeper into these stocks?