Manhattan Bridge Capital, Inc. (Nasdaq:LOAN) is a real estate finance company that provides short-term, secured, and non-banking loans to real estate investors in the US. The loans are used to fund property acquisition, renovation, rehabilitation, or enhancement in the New York metropolitan area, including New Jersey and Connecticut, as well as in Florida. The company originates, services, and manages a portfolio of first mortgage loans. It has a track record of distributing roughly 90% of its taxable income to its shareholders.
Comps: Western Asset Mortgage Capital Corporation (NYSE:WMC), ACRES Commercial Realty Corp. (NYSE:ACR)
Manhattan Bridge Capital has outperformed its peers in several key areas, making it a strong investment option. Its earnings per share, price-to-earnings ratio, profit margin, return-on-equity, and net income were all superior to those of its competitors. Even when some of its peers experienced negative earnings, Manhattan Bridge Capital maintained its robust performance. Furthermore, the company offers an attractive yield of 8.2%, making it an appealing choice for investors.