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Complete financial analysis of Granite Point Mortgage Trust Inc. (GPMT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Granite Point Mortgage Trust Inc., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Granite Point Mortgage Trust Inc. (GPMT)
About Granite Point Mortgage Trust Inc.
Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. As of December 31, 2021, its investment portfolio includes 105 commercial real estate loan investments. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 266.49M | 78.26M | 87.54M | 104.93M | 106.82M | 91.61M | 74.02M | 49.40M | 8.78M |
| Cost of Revenue | 11.29M | 30.98M | 30.10M | 29.02M | 21.51M | 16.03M | 10.98M | 7.78M | 1.25M |
| Gross Profit | 255.20M | 47.28M | 57.44M | 75.90M | 85.31M | 75.58M | 63.04M | 41.62M | 7.53M |
| Gross Profit Ratio | 95.76% | 60.41% | 65.62% | 72.34% | 79.87% | 82.51% | 85.16% | 84.25% | 85.76% |
| Research & Development | 0.00 | -0.19 | 0.35 | -0.18 | 0.28 | 0.34 | 0.45 | 0.58 | 0.00 |
| General & Administrative | 21.71M | 20.23M | 21.46M | 15.79M | 36.36M | 28.53M | 9.74M | 13.91M | 1.18M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 21.71M | 20.23M | 21.46M | 15.79M | 36.36M | 28.53M | 9.74M | 13.91M | 1.18M |
| Other Expenses | 0.00 | 10.75M | -40.45M | -160.56M | -72.97M | 2.20M | -42.46M | -11.03M | -7.40M |
| Operating Expenses | 32.00M | 10.75M | -18.99M | -144.77M | -36.61M | 30.73M | 22.07M | 14.66M | 8.65M |
| Cost & Expenses | 43.29M | 36.70M | -18.99M | -144.77M | -36.61M | 30.73M | 22.07M | 14.66M | 8.65M |
| Interest Income | 263.74M | 210.85M | 198.29M | 237.71M | 246.26M | 183.88M | 117.84M | 60.83M | 9.14M |
| Interest Expense | 181.74M | 126.13M | 105.58M | 112.94M | 136.98M | 91.52M | 42.46M | 11.03M | 477.00K |
| Depreciation & Amortization | 0.00 | 105.96M | 15.24M | 102.58M | 40.28M | 122.25M | 64.54M | 25.69M | -208.00K |
| EBITDA | 0.00 | 70.82M | 68.55M | -39.85M | 0.00 | 154.60M | 95.76M | 46.38M | 504.00K |
| EBITDA Ratio | 0.00% | 90.49% | 78.31% | -37.98% | 65.98% | 168.76% | 129.38% | 93.88% | 5.74% |
| Operating Income | 121.89M | 85.32M | 68.55M | -39.85M | 70.21M | 154.58M | 95.76M | 46.38M | 504.00K |
| Operating Income Ratio | 45.74% | 109.02% | 78.31% | -37.98% | 65.73% | 168.74% | 129.38% | 93.88% | 5.74% |
| Total Other Income/Expenses | -184.99M | -59.63M | -17.55M | -78.92M | -7.21M | -12.53M | -10.98M | -11.03M | 0.00 |
| Income Before Tax | -63.10M | -40.81M | 68.55M | -39.85M | 70.21M | 63.07M | 53.30M | 35.35M | 208.00K |
| Income Before Tax Ratio | -23.68% | -52.14% | 78.31% | -37.98% | 65.73% | 68.85% | 72.01% | 71.55% | 2.37% |
| Income Tax Expense | 95.00K | 17.00K | 192.00K | 593.00K | -4.00K | -2.00K | -4.00K | -11.00K | 70.00K |
| Net Income | -63.20M | -40.83M | 68.35M | -40.44M | 70.21M | 63.08M | 53.31M | 35.36M | 138.00K |
| Net Income Ratio | -23.71% | -52.17% | 78.09% | -38.54% | 65.73% | 68.85% | 72.01% | 71.58% | 1.57% |
| EPS | -1.50 | -0.77 | 1.24 | -0.73 | 1.32 | 1.21 | 0.60 | 0.82 | 0.00 |
| EPS Diluted | -1.50 | -0.77 | 1.23 | -0.73 | 1.32 | 1.21 | 0.60 | 0.82 | 0.00 |
| Weighted Avg Shares Out | 51.64M | 53.01M | 54.59M | 55.16M | 53.09M | 52.04M | 43.23M | 43.24M | 43.24M |
| Weighted Avg Shares Out (Dil) | 51.64M | 53.01M | 54.93M | 55.16M | 53.09M | 52.04M | 43.23M | 43.24M | 43.24M |
Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
Granite Point Mortgage Trust's common equity is down 36% in 2024, trading at a 65% discount to book value due to office property loan exposure. The mREIT's third-quarter book value dipped by 59 cents per share, with a $0.55 per...
Granite Point Mortgage Trust Inc. (GPMT) Q3 2024 Earnings Call Transcript
Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Chris Petta - Investor Relations Jack Taylor - President and Chief Executive Officer Steve Alpart - Chief Investment Officer and...
Granite Point Mortgage Trust (GPMT) Reports Q3 Loss, Tops Revenue Estimates
Granite Point Mortgage Trust (GPMT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.96. This compares to earnings of $0.18 per share a year ago.
Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update.
Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call.
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Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update.
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