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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 |
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Granite Point Mortgage Trust: Dividend Cut Is Inevitable
Office heavy mortgage REITs have come under a lot of pressure in 2022. Granite Point is no different and although it already cut its dividend by 20% in Q4, I see another large cut on the horizon.
Granite Point Mortgage Trust Inc. (GPMT) Q4 2022 Earnings Call Transcript
Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ET Company Participants Chris Petta - IR Jack Taylor - President and CEO Steve Alpart - Chief Investment Officer and Co-Head of Originations...
Granite Point Mortgage Trust (GPMT) Reports Q4 Loss, Tops Revenue Estimates
Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -188.89% and 8.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
16% Dividend Yield Slash Incoming
Slash to 11% or 12% incoming. Shares already dipped some, though many investors don't know about the cut yet.
Source: https://incomestatements.info
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