Granite Point Mortgage Trust Inc. GPMT

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

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.

Last close 4.83 2026-10-23
Market cap $232.8M 2026-06-30 share count
52-week range 0.76 - 8.00

Valuation FY2025 figures against the last close

P/S1.8x
P/E—
P/FCF87.3x
EV/EBITDA—
Dividend yield4.5%
Diluted EPS-1.16

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $131.7M$185.6M$263.7M$210.9M$198.3M$237.7M$246.3M$183.9M$117.8M$60.8M
Total operating expenses $61.2M$50.1M$43.3M$36.7M$35.3M$95.1M$40.3M$30.7M$22.1M$14.7M
Interest expense $97.9M$149.7M$181.7M$126.1M$105.6M$112.9M$137.0M$91.5M$42.5M$11.0M
Pre-tax income -$41.0M-$207.1M-$63.1M-$40.8M$68.5M-$39.8M$70.2M$63.1M$53.3M$35.3M
Income tax $149.0K$10.0K$95.0K$17.0K$192.0K$593.0K$4.0K$2.0K$4.0K$11.0K
Net income -$41.2M-$207.1M-$63.2M-$40.8M$68.4M-$40.4M$70.2M$63.1M$53.3M$35.4M
EPS, basic -1.16-4.39-1.50-1.041.24-0.731.321.450.600.00
EPS, diluted -1.16-4.39-1.50-1.041.23-0.731.321.420.600.00
Shares, diluted (wtd. avg.) 47.9M50.4M51.6M53.0M54.9M55.2M53.1M52.0M43.2M0

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $66.0M$87.8M$188.4M$140.2M$204.3M$329.2M$159.8M$123.4M$110.7M$56.3M
Other intangibles —$9.8M$3.6M$0——————
Total assets $1.76B$2.12B$2.85B$3.45B$3.99B$4.22B$4.46B$3.36B$2.50B$1.50B
Total liabilities $1.20B$1.50B$1.99B$2.47B$2.97B$3.28B$3.44B$2.53B$1.67B$1.07B
Total equity $552.7M$619.1M$859.0M$983.7M$1.01B$933.8M$1.02B$827.5M$828.6M$428.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.7M$8.8M$52.1M$58.9M$60.3M$20.3M$61.9M$62.4M$30.5M$35.5M
Depreciation and amortisation $8.0M$6.5M$3.5M$0$0—$266.0K$19.0K$0$0
Stock-based compensation $6.6M$6.6M$7.0M$7.0M$7.6M$5.3M$4.8M$3.5M$1.1M$0
Investing cash flow $299.0M$435.2M$561.4M$408.6M$139.8M$341.6M-$1.03B-$835.3M-$925.7M-$757.4M
Financing cash flow -$336.1M-$528.7M-$554.5M-$531.7M-$325.0M-$192.4M$1.01B$785.7M$949.6M$721.8M
Dividends paid $10.4M$24.0M$42.9M$54.3M$66.7M$34.1M$86.3M$68.6M$13.8M$0
Buybacks $5.7M$7.6M$10.3M$15.7M$17.8M$0$0———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-045496.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -400M -200M 0 200M 400M Revenue, FY2016: 60.8M Net income, FY2016: 35.4M Revenue, FY2017: 117.8M Net income, FY2017: 53.3M Revenue, FY2018: 183.9M Net income, FY2018: 63.1M Revenue, FY2019: 246.3M Net income, FY2019: 70.2M Revenue, FY2020: 237.7M Net income, FY2020: -40.4M Revenue, FY2021: 198.3M Net income, FY2021: 68.4M Revenue, FY2022: 210.9M Net income, FY2022: -40.8M Revenue, FY2023: 263.7M Net income, FY2023: -63.2M Revenue, FY2024: 185.6M Net income, FY2024: -207.1M Revenue, FY2025: 131.7M Net income, FY2025: -41.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $60.8M $117.8M $183.9M $246.3M $237.7M $198.3M $210.9M $263.7M $185.6M $131.7M
Gross profit — — — — — — — — — —
Net income $35.4M $53.3M $63.1M $70.2M -$40.4M $68.4M -$40.8M -$63.2M -$207.1M -$41.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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