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Granite Point Mortgage Trust Inc

Granite Point Mortgage Trust Inc

GPMT · NYSE · Real Estate / REIT - Mortgage

2.44USD-0.22 (-8.27%)

Price History

Full chart

Market Stats

Previous Close2.66
Open2.74
Day Range2.41 – 2.74
52-Week Range0.81 – 2.77
Volume49.96K
Market Cap45.18M
P/E (TTM)0.00
Forward P/E47.62
EPS-2.26
Dividend Yield4.24%
Beta1.60
50-Day Avg1.15
200-Day Avg1.61

About

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 offers intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, such as lease-up, renovation, repositioning, and repurposing of the commercial property. It also originates and invests in mezzanine loans, subordinated mortgage interests, and other real estate securities, as well as preferred equity investments, unsecured notes, and other investments that are subordinated or otherwise junior in an issuer's capital structure. The company was founded in 2015 and is headquartered in New York, New York.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. John A. Taylor J.D.
  • Employees28
  • Headquarters1114 Avenue of the Americas, New York, NY, United States, 10036, USA
  • Websitehttps://www.gpmtreit.com

Leadership

  • Mr. John A. Taylor J.D.President, CEO & Director · b. 1956
  • Mr. Blake N. JohnsonVP, CFO & Treasurer · b. 1985
  • Mr. Stephen AlpartVP, Chief Investment Officer & Co-Head of Originations · b. 1964
  • Mr. Michael J. Karber J.D.VP, General Counsel, Secretary & Chief Compliance Officer · b. 1980
  • Mr. Peter M. MorralVP, Chief Development Officer & Co-Head of Originations · b. 1968
  • Mr. Ethan LebowitzVP & COO · b. 1979
  • Mr. Steven PlustSenior Managing Director · b. 1959
  • Mr. Chris PettaInvestor Relations Officer

Financials

Income Statement

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue8.78M49.40M74.02M91.61M106.81M104.93M87.53M78.26M-22.67M-165.53M145.28M
Growth (%)-+462.35%+49.85%+23.76%+16.60%-1.77%-16.57%-10.60%-128.97%-630.07%+187.77%
Cost of Revenue1.66M18.20M10.98M16.02M3.67M29.02M30.10M30.98M5.31M5.35M24.66M
Gross Profit8.78M49.40M63.04M75.58M106.81M75.90M57.44M78.26M-27.99M-170.88M120.62M
Gross Margin100.00%100.00%85.16%82.51%100.00%72.34%65.62%100.00%123.43%103.23%83.02%
Operating Expense8.28M3.02M-32.73M-79.00M36.60M115.75M-11.11M59.44M21.71M19.46M57.29M
Operating Income504.00K46.38M95.76M154.58M70.21M-39.85M68.55M18.82M-49.70M-190.34M63.33M
Operating Margin5.74%93.88%129.38%168.74%65.73%-37.98%78.31%24.05%219.19%114.99%43.59%
EBITDA504.00K46.38M95.76M154.60M70.48M-33.42M85.10M70.82M3.49M6.51M56.88M
EBITDA Margin5.74%93.88%129.38%168.76%65.98%-31.85%97.22%90.49%-15.40%-3.93%39.15%
Net Income138.00K35.36M53.30M63.08M70.21M-40.44M68.35M-40.83M-63.20M-207.05M-41.15M
Net Income Margin1.57%71.58%72.01%68.85%65.73%-38.54%78.09%-52.17%278.74%125.08%-28.33%
R&D-0.580.450.340.280.180.350.190.24--
R&D as % of Total Revenue-0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.00%--
Interest Expense477.00K11.03M42.46M91.52M136.98M112.94M105.58M126.13M181.74M149.67M97.88M
Interest Expense % of Total Revenue5.43%22.33%57.37%99.91%128.24%107.63%120.61%161.17%-801.55%-90.42%67.37%

Balance Sheet

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets722.74M1.50B2.50B3.36B4.46B4.22B3.99B3.45B2.85B2.12B1.76B
Total Liabilities235.80M1.07B1.67B2.53B3.44B1.53B2.26B2.47B1.99B1.50B1.20B
Total Equity486.94M427.99M828.62M827.53M1.02B2.69B1.73B984.54M858.90M619.09M552.69M
Cash56.09M56.02M107.77M91.70M80.28M261.42M191.93M133.13M188.37M87.79M65.96M
Total Debt167.26M1.04B1.71B1.73B3.01B3.17B3.62B2.43B1.95B1.47B1.17B
Net Debt111.17M537.61M13.55M905.70M1.39B1.27B2.07B2.30B1.76B1.39B1.11B

Cash Flow

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.23M35.51M30.50M62.37M64.18M20.25M60.30M58.90M52.10M8.76M2.67M
Investing Cash Flow-660.30M-757.39M-925.68M-835.32M-1.03B341.62M139.77M408.63M561.43M435.24M299.00M
Financing Cash Flow713.41M721.83M949.62M790.61M1.01B-192.44M-324.97M-531.66M-554.47M-528.74M-336.07M
Capital Expenditure662.63M760.73M00000002.77M0
Free Cash Flow3.23M35.51M19.44M57.42M64.18M20.25M60.30M58.90M52.10M5.99M2.67M
Dividends Paid13.86M532.08M13.86M68.67M86.41M34.18M66.76M65.87M57.35M38.41M24.77M
FCF to OCF100.00%100.00%63.75%92.07%100.00%100.00%100.00%100.00%100.00%68.40%100.00%
Dividend Paid to FCF429.53%1498.62%71.29%119.59%134.64%168.74%110.71%111.84%110.08%641.36%928.80%

Earnings

Report DateJun 26, 2017Aug 7, 2017Nov 6, 2017Feb 7, 2018May 9, 2018Aug 6, 2018Nov 5, 2018Feb 5, 2019May 6, 2019Aug 5, 2019Nov 5, 2019Mar 2, 2020May 11, 2020Aug 10, 2020Nov 9, 2020Mar 4, 2021May 6, 2021Aug 9, 2021Nov 8, 2021Feb 25, 2022May 10, 2022Aug 8, 2022Nov 8, 2022Feb 23, 2023May 9, 2023Aug 8, 2023Nov 7, 2023Feb 14, 2024May 7, 2024Aug 5, 2024Nov 6, 2024Feb 13, 2025May 6, 2025Aug 5, 2025Nov 5, 2025Feb 11, 2026May 5, 2026Aug 5, 2026Nov 4, 2026
EPS Estimate-0.290.320.340.340.380.400.400.400.390.380.370.340.260.180.270.280.320.110.230.030.160.21-0.170.160.140.13-0.290.03-0.25-0.82-1.31-0.71-0.79-0.33-0.15-0.17-0.20-0.31
EPS Actual0.310.330.280.340.350.380.400.400.370.360.340.340.320.250.270.330.380.290.090.240.050.220.17-0.160.200.12-0.14-0.520.03-0.18-0.75-1.98-0.57-0.94-0.42-0.06-0.06-0.81-
Surprise-13.79%-12.50%0.00%2.94%0.00%0.00%0.00%-7.50%-7.69%-10.53%-8.11%-5.88%-3.85%50.00%22.22%35.71%-9.38%-18.18%4.35%66.67%37.50%-19.05%5.88%25.00%-14.29%-207.69%-79.31%0.00%28.00%8.54%-51.15%19.72%-18.99%-27.27%60.00%64.71%-305.00%-
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap45.18M
Enterprise Value940.30M
Trailing P/E0.00
Forward P/E47.62
PEG Ratio0.00
Price / Sales5.92
Price / Book0.08
EPS-2.26
Book Value9.96
Revenue (TTM)-28.99M
Gross Profit (TTM)-32.24M
Profit Margin0.00%
Operating Margin123.79%
Return on Equity-15.33%
Return on Assets-4.83%
Shares Outstanding47.92M
Shares Float45.23M
Beta1.60
Dividend Yield4.24%
Dividend Rate0.04
Payout Ratio588.24%

Analyst Ratings

Buy
Based on 3 analystsTarget 1.38
  • Strong Buy
    1
  • Hold
    2

Ownership Breakdown

Institutions
40.17%
Insiders
6.88%
Retail / Other
52.95%

Top Institutional Holders

  • GRATIA CAPITAL, LLC
    2.24M4.65%
  • Vanguard Capital Management, LLC
    2.12M4.40%
  • CURA WEALTH ADVISORS, LLC
    1.80M3.74%
  • BlackRock Inc
    1.58M3.27%
  • Hotchkis & Wiley Capital Management LLC
    1.49M3.09%
  • Acadian Asset Management LLC
    1.28M2.66%
  • EPIQ PARTNERS, LLC
    898.07K1.86%
  • Purpose Unlimited Inc
    867.67K1.80%
  • D. E. Shaw & Co LP
    825.79K1.71%
  • Marshall Wace Asset Management Ltd
    634.20K1.32%
  • Geode Capital Management, LLC
    626.48K1.30%
  • Morgan Stanley - Brokerage Accounts
    483.62K1.00%
  • Two Sigma Investments LLC
    464.50K0.96%
  • GSA Capital Partners LLP
    425.21K0.88%
  • Charles Schwab Investment Management Inc
    324.51K0.67%
  • Camelot Funds, LLC
    309.53K0.64%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.54M3.19%
  • Purpose Credit Opportunities Class ETF
    722.32K1.50%
  • Purpose Credit Opportunities Series F
    714.28K1.48%
  • Hotchkis & Wiley Sm Cp Divers Val I
    430.50K0.89%

Dividends

20262×
0.05Jul 1, 20260.05Apr 1, 2026
20254×
0.05Dec 30, 20250.05Oct 1, 20250.05Jul 1, 20250.05Apr 1, 2025
20244×
0.05Dec 31, 20240.05Oct 1, 20240.05Jul 1, 20240.15Mar 28, 2024
20234×
0.20Dec 28, 20230.20Sep 29, 20230.20Jun 30, 20230.20Mar 31, 2023
20224×
0.20Dec 29, 20220.25Sep 30, 20220.25Jun 30, 20220.25Mar 31, 2022
20214×
0.25Dec 30, 20210.25Sep 30, 20210.25Jun 30, 20210.25Mar 31, 2021
20202×
0.45Dec 30, 20200.20Oct 7, 2020