Granite Point Mortgage Trust Inc. GPMT
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -1.04 | 1.24 | -0.73 | 1.32 | 1.45 | 0.60 | 0.00 |
| EPS, diluted | -1.16 | -4.39 | -1.50 | -1.04 | 1.23 | -0.73 | 1.32 | 1.42 | 0.60 | 0.00 |
| Shares, diluted (wtd. avg.) | $47.9M | $50.4M | $51.6M | $53.0M | $54.9M | $55.2M | $53.1M | $52.0M | $43.2M | $0 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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