A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Granite Point Mortgage Trust Inc.
GPMT
$64M
Mkt Cap
$1.33
-0.75%
Granite Point Mortgage Trust Inc. (GPMT) has a 5-year average return on invested capital (ROIC) of 5.6%. This is below average and may indicate limited pricing power.
Granite Point Mortgage Trust Inc. (GPMT) has a market capitalization of $64M. It is classified as a small-cap stock.
Yes, Granite Point Mortgage Trust Inc. (GPMT) pays a dividend with a trailing twelve-month yield of 16.26%. The company also returns capital through share buybacks, with a buyback yield of 5.40%.
Granite Point Mortgage Trust Inc. (GPMT) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Granite Point Mortgage Trust Inc. (GPMT) generated $3 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Granite Point Mortgage Trust Inc. (GPMT) has a debt-to-equity ratio of 1.74. This indicates higher leverage, which may increase financial risk.
Our Company Granite Point Mortgage Trust Inc. is an internally managed real estate finance company that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Our investment objective is to preserve our stockholders’ capital while generating attractive risk-adjusted returns over the long term, primarily through dividends derived from current income produced by our investment portfolio. We operate as a REIT, as defined under the Internal Revenue Code of 1986, as amended, or the Code. We were incorporated in Maryland on April 7, 2017, and commenced operations as a publicly traded company on June 28, 2017. The terms “Granite Point,” “we,” “our,” “us” and the “Company” refer to Granite Point Mortgage Trust Inc. and its subsidiaries as a consolidated entity. We have elected to be treated as a REIT for U.S. federal income tax purposes.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 13M | - | - | - | 0 | 93M |
| Net Income | -51M | -56M | -221M | -78M | -55M | 68M |
| EPS | $-1.07 | $-1.16 | $-4.39 | $-1.50 | $-1.04 | $1.23 |
| Free Cash Flow | -277K | 2.7M | 8.8M | 52M | 59M | 60M |
| ROIC | 0.0% | 2.6% | -3.3% | 6.1% | 6.6% | 15.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.70 | 1.74 | 2.00 | 2.21 | 0.00 | 0.47 |
| Dividends/Share | $0.22 | $0.20 | $0.48 | $0.80 | $0.95 | $0.95 |
| Operating Income | 723K | 42M | -72M | 104M | 71M | 173M |
| Operating Margin | 5.6% | - | - | - | - | - |
| ROE | -9.4% | -9.5% | -30.0% | -8.4% | -5.5% | 6.9% |
| Shares Outstanding | 48M | 48M | 50M | 52M | 53M | 55M |
| Metric | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 8.7M | 50M | 75M | 92M | 109M | 125M | 93M | 0 | N/A | N/A | N/A | 13M |
| Gross Margin | 5.7% | 92.7% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | 14M | 13M | 21M | 20M | 22M | 19M | 20M | 19M |
| EBIT | 685K | 46M | 68M | 154M | 207M | 73M | 173M | 71M | 104M | -72M | 42M | 723K |
| Op. Margin | 7.9% | 93.1% | 90.5% | N/A | N/A | 58.5% | N/A | N/A | N/A | N/A | N/A | 5.6% |
| Net Income | 138K | 35M | 26M | 63M | 70M | -41M | 68M | -55M | -78M | -221M | -56M | -51M |
| Net Margin | 1.6% | 71.0% | 34.2% | 68.2% | 64.2% | -32.5% | 72.9% | N/A | N/A | N/A | N/A | -393.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 46M | 0 | 0 | 0 | 0 | 6.8M | 6.8M |
| Returns on Capital | ||||||||||||
| ROIC | 19.7% | 11.6% | 11.4% | 8.6% | 7.0% | 3.6% | 15.9% | 6.6% | 6.1% | -3.3% | 2.6% | 0.0% |
| ROE | 8.1% | 7.7% | 4.1% | 7.6% | 7.6% | -4.2% | 6.9% | -5.5% | -8.4% | -30.0% | -9.5% | -9.4% |
| ROA | 6.0% | 4.7% | 1.3% | 2.1% | 1.8% | -0.9% | 1.6% | -1.5% | -2.5% | -8.9% | -2.9% | -3.3% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | 3.2M | 36M | 30M | 62M | 62M | 20M | 60M | 59M | 52M | 8.8M | 2.7M | 6.0M |
| Free Cash Flow | 3.2M | 36M | 30M | 62M | 62M | 20M | 60M | 59M | 52M | 8.8M | 2.7M | -277K |
| Owner Earnings | 3.2M | 36M | 29M | 59M | 57M | 15M | 53M | 52M | 42M | -4.3M | -12M | -7.7M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.8M | 4.2M | 6.2M |
| Maint. CapEx | 0 | 0 | 0 | 19K | 266K | 0 | 0 | 0 | 3.5M | 6.5M | 8.0M | 8.6M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 0 |
| D&A | 0 | 0 | 0 | 19K | 266K | 0 | 0 | 0 | 3.5M | 6.5M | 8.0M | 8.6M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 31.6% | 158.0% | 104.6% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 0 | 0 | 14M | 69M | 86M | 34M | 67M | 54M | 43M | 24M | 10M | 10M |
| Dividend Yield | N/A | N/A | 3.8% | 17.7% | 16.4% | 12.2% | 15.3% | 16.1% | 20.3% | 14.6% | 8.6% | 16.3% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 18M | 16M | 10M | 7.6M | 5.7M | 3.4M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 4.2% | 7.9% | 3.8% | 5.8% | 4.9% | 5.4% |
| Stock-Based Comp | 0 | 0 | 1.1M | 3.5M | 4.8M | 5.3M | 7.6M | 7.0M | 7.0M | 6.6M | 6.6M | 5.1M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 16M | 144M | 132M | 2.7M | 2.8M | 2.8M |
| Balance Sheet | ||||||||||||
| Net Debt | -56M | -56M | 751K | 1.9B | 2.1B | -55M | 285M | -133M | 1.7B | 1.1B | 896M | 881M |
| Cash & Equiv. | 56M | 56M | 108M | 92M | 80M | 261M | 192M | 133M | 188M | 88M | 66M | 44M |
| Long-Term Debt | 0 | 0 | 397K | 0 | 0 | 0 | 349M | 0 | 0 | N/A | N/A | 925M |
| Debt/Equity | 0.00 | 0.00 | 0.15 | 2.48 | 2.18 | 0.22 | 0.47 | 0.00 | 2.21 | 2.00 | 1.74 | 1.70 |
| Interest Coverage | 1.4 | 4.2 | 1.6 | 1.7 | 1.5 | 0.6 | 1.6 | 0.6 | 0.6 | -0.5 | 0.4 | 0.0 |
| Equity | 1.7M | 428M | 829M | 828M | 1.0B | 934M | 1.0B | 984M | 859M | 619M | 553M | 544M |
| Total Assets | 2.3M | 1.5B | 2.5B | 3.4B | 4.5B | 4.2B | 4.0B | 3.5B | 2.8B | 2.1B | 1.8B | 1.5B |
| Total Liabilities | 606K | 1.1B | 1.7B | 2.5B | 3.4B | 3.3B | 3.0B | 2.5B | 2.0B | 1.5B | 1.2B | 999M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 3.6M | 9.8M | N/A | N/A |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | N/A | N/A | N/A | 31M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | 32M | 79M | 68M | 12M | 7.0M | 11M | 27M | 14M | 14M |
| Current Liabilities | N/A | N/A | N/A | 510K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||||||
| EPS | 0.00 | 0.00 | 0.60 | 1.42 | 1.32 | -0.73 | 1.23 | -1.04 | -1.50 | -4.39 | -1.16 | -1.07 |
| Owner EPS | N/A | N/A | 0.68 | 1.33 | 1.07 | 0.27 | 0.96 | 0.98 | 0.80 | -0.09 | -0.25 | -0.16 |
| Book Value | N/A | N/A | 19.29 | 18.66 | 19.19 | 16.82 | 18.44 | 18.49 | 16.59 | 12.27 | 11.54 | 11.35 |
| Cash Flow/Share | N/A | N/A | 0.71 | 1.41 | 1.16 | 0.36 | 1.10 | 1.11 | 1.01 | 0.17 | 0.06 | -0.88 |
| Dividends/Share | N/A | 0.00 | 0.32 | 1.62 | 1.68 | 0.65 | 0.95 | 0.95 | 0.80 | 0.48 | 0.20 | 0.22 |
| Shares Out. | N/A | N/A | 43.0M | 44.3M | 53.1M | 55.5M | 54.9M | 53.2M | 51.8M | 50.4M | 47.9M | 47.9M |
| Valuation | ||||||||||||
| P/E Ratio | N/A | N/A | 13.8 | 6.6 | 7.8 | N/A | 6.2 | N/A | N/A | N/A | N/A | -1.2 |
| P/FCF | N/A | N/A | 11.7 | 6.6 | 8.9 | 16.2 | 7.0 | 3.4 | 5.2 | 15.0 | 42.9 | N/A |
| EV/EBIT | N/A | N/A | 5.2 | N/A | N/A | N/A | 27.9 | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 0.4 | 0.5 | 0.5 | 0.4 | 0.4 | 0.2 | 0.3 | 0.2 | 0.2 | 0.1 |
| Price/Sales | N/A | N/A | N/A | 4.2 | 4.8 | 2.2 | 4.7 | N/A | N/A | N/A | N/A | 4.9 |
| FCF Yield | N/A | N/A | 8.5% | 15.1% | 11.3% | 6.2% | 14.3% | 29.5% | 19.3% | 6.7% | 2.3% | -0.4% |
| Market Cap | N/A | N/A | 357M | 414M | 549M | 329M | 421M | 200M | 270M | 132M | 114M | 64M |
| Avg. Price | N/A | N/A | 8.46 | 8.75 | 9.91 | 5.05 | 7.91 | 6.35 | 4.07 | 3.27 | 2.51 | 1.33 |
| Year-End Price | N/A | N/A | 8.31 | 9.32 | 10.32 | 5.92 | 7.66 | 3.75 | 5.22 | 2.61 | 2.39 | 1.33 |
Granite Point Mortgage Trust Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 5.6%. Total shareholder yield (dividends + buybacks) is 21.7%. At current prices, the estimated annualized return to fair value is -12.8%.
Granite Point Mortgage Trust Inc. (GPMT) reported earnings per share (EPS) of $-1.16 in its most recent fiscal year.
Granite Point Mortgage Trust Inc. (GPMT) has a return on equity (ROE) of -9.5%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 11 years of financial data for Granite Point Mortgage Trust Inc. (GPMT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Granite Point Mortgage Trust Inc. (GPMT) has a book value per share of $11.54, based on its most recent annual SEC filing.