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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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