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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.
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Granite Point Mortgage Trust Inc is a publicly traded mortgage REIT that originates and invests in commercial mortgage loans and other real estate-related assets, often with floating-rate features. Long-term growth may be supported by income from secured lending, origination scale and potential benefits from floating-rate assets as rates rise. Investors may find it attractive for current income potential and collateral-backed exposure to commercial real estate.
Key risks include commercial real estate downturns, borrower credit deterioration and funding or liquidity pressure from leverage and short-term financing.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -41.00M | 207.06M | -63.10M | -40.81M | 68.55M |
| Net income | -41.15M | -207.05M | -63.20M | -40.83M | 68.35M |
| Selling general administrative | 19.86M | 19.46M | 21.71M | 20.23M | 21.46M |
| Gross profit | 120.62M | -170.88M | -27.99M | 47.28M | 57.44M |
| Reconciled depreciation | 8.03M | 6.51M | 3.49M | - | - |
| Ebit | - | -6.51M | 118.39M | 85.32M | 174.12M |
| Ebitda | 56.88M | -0.21M | 121.89M | 70.82M | 68.55M |
| Depreciation and amortization | - | 6.51M | 3.49M | -14.50M | 16.56M |
| Non operating income net other | - | - | - | -88.84M | 11.11M |
| Operating income | 63.33M | -190.34M | -49.70M | 85.32M | 68.55M |
| Other operating expenses | 81.95M | 24.81M | 27.02M | 36.70M | -18.99M |
| Interest expense | 97.88M | 149.67M | 181.74M | 126.13M | 105.58M |
| Tax provision | 0.15M | -0.01M | 0.10M | 0.02M | 0.19M |
| Interest income | 131.73M | 185.55M | 263.65M | 210.85M | 198.29M |
| Net interest income | 33.85M | 35.88M | 85.65M | 84.72M | 92.71M |
| Income tax expense | 0.15M | 0.01M | 0.10M | 0.02M | 0.19M |
| Total revenue | 145.28M | -165.53M | -22.67M | 78.26M | 87.53M |
| Total operating expenses | 57.29M | 19.46M | 21.71M | 10.75M | -18.99M |
| Cost of revenue | 24.66M | 5.35M | 5.31M | 30.98M | 30.10M |
| Total other income expense net | -104.33M | -16.72M | -13.41M | -126.13M | -105.58M |
| Net income from continuing ops | -41.15M | -207.05M | -55.95M | -40.83M | 68.35M |
| Net income applicable to common shares | - | - | - | -55.33M | 67.56M |
| Preferred stock and other adjustments | - | - | - | 14.50M | 0.79M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1755.22M | 2115.11M | 2846.93M | 3454.10M | 3988.52M |
| Intangible assets | 13.30M | - | - | - | - |
| Other current assets | -1516.03M | 35.35M | 23.23M | 7.03M | 12.36M |
| Total liab | 1202.41M | 1495.90M | 1987.91M | 2470.43M | 2261.21M |
| Total stockholder equity | 552.69M | 619.09M | 858.90M | 983.54M | 1013.06M |
| Other current liab | -709.14M | 6.24M | 14.14M | -100.00M | 14.41M |
| Common stock | 0.48M | 0.49M | 0.51M | 0.52M | 0.54M |
| Capital stock | 0.56M | 0.57M | 0.59M | 0.61M | 0.58M |
| Retained earnings | -643.15M | -577.30M | -339.74M | -219.38M | -112.77M |
| Other liab | - | - | - | 24.97M | 21.44M |
| Other assets | 1681.67M | 2115.11M | 2846.93M | 3320.97M | 3785.87M |
| Cash | 65.96M | 87.79M | 188.37M | 133.13M | 191.93M |
| Total current liabilities | 445.34M | 604.11M | 889.58M | 100.00M | 1404.68M |
| Net debt | 1106.06M | 1385.17M | 1762.77M | 1281.45M | 2069.28M |
| Short term debt | 1154.47M | 597.87M | 875.44M | 100.00M | 1404.68M |
| Short long term debt | 71.77M | 86.77M | 84.00M | 100.00M | - |
| Short long term debt total | 1172.02M | 1472.96M | 1951.14M | 1414.58M | 2261.21M |
| Other stockholder equity | 1195.28M | 1195.82M | 1198.05M | 1202.32M | 1125.24M |
| Total current assets | 87.66M | 2020.79M | 2795.42M | 3496.70M | 202.65M |
| Net tangible assets | - | - | - | 984.46M | 1014.01M |
| Short term investments | - | - | - | 3350.15M | 3782.20M |
| Net receivables | 1537.73M | 1897.65M | 2583.82M | 13.41M | 10.72M |
| Long term debt | 661.07M | 788.31M | 991.70M | 1314.58M | 2090.44M |
| Inventory | - | - | 16.94M | - | - |
| Accounts payable | - | - | - | 14.32M | 14.41M |
| Noncontrolling interest in consolidated entity | - | - | - | 0.12M | 0.12M |
| Accumulated other comprehensive income | - | 0.00M | 0.00M | - | - |
| Common stock total equity | - | - | - | 0.52M | 0.54M |
| Preferred stock total equity | - | - | - | 0.08M | 0.05M |
| Retained earnings total equity | - | - | - | -350.07M | -284.29M |
| Non currrent assets other | 1645.36M | 94.33M | 51.51M | 3300.52M | 3773.51M |
| Non current assets total | 1667.56M | 94.33M | 51.51M | 3300.52M | 3773.51M |
| Long term debt total | - | - | - | 1269.67M | 2090.44M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.00M | 435.24M | 625.30M | 409.32M | 143.88M |
| Change to liabilities | - | - | - | -0.96M | 2.52M |
| Total cashflows from investing activities | 299.00M | 435.24M | 561.43M | 408.63M | 139.77M |
| Net borrowings | -142.62M | -201.70M | -340.39M | -874.14M | 713.87M |
| Total cash from financing activities | -336.07M | -528.74M | -554.47M | -531.66M | -324.97M |
| Change to operating activities | - | - | - | 4.77M | 2.34M |
| Net income | -41.15M | -207.05M | -63.20M | -40.83M | 68.35M |
| Change in cash | -34.40M | -84.75M | 59.05M | -64.13M | -124.90M |
| Begin period cash flow | 114.47M | 199.22M | 140.16M | 204.29M | 329.19M |
| End period cash flow | 80.07M | 114.47M | 199.22M | 140.16M | 204.29M |
| Total cash from operating activities | 2.67M | 8.76M | 52.10M | 58.90M | 60.30M |
| Issuance of capital stock | - | 0.00M | 0.00M | 87.52M | 110.52M |
| Depreciation | 8.03M | 6.51M | 3.49M | 12.41M | 16.56M |
| Other cashflows from investing activities | 299.00M | 438.73M | 561.43M | -0.69M | -4.11M |
| Dividends paid | 24.77M | 38.41M | 57.35M | -65.87M | -66.76M |
| Change to account receivables | -0.32M | 3.71M | 1.03M | -2.70M | 1.67M |
| Sale purchase of stock | -5.66M | -7.62M | -11.26M | -15.71M | -17.80M |
| Other cashflows from financing activities | -4.32M | -281.00M | -145.47M | 428.28M | -16.64M |
| Change to netincome | - | - | - | 8.73M | 7.59M |
| Capital expenditures | 0.00M | 2.77M | 0.00M | 0.00M | 0.00M |
| Change receivables | - | - | - | -2.70M | 1.67M |
| Cash flows other operating | - | - | - | 94.20M | -13.10M |
| Cash and cash equivalents changes | - | - | - | -64.13M | -124.90M |
| Change in working capital | -2.12M | -2.25M | 0.06M | 2.07M | 4.02M |
| Stock based compensation | 1.05M | 6.57M | 6.98M | 7.03M | 7.59M |
| Other non cash items | 44.90M | 204.98M | 104.76M | 78.21M | -19.66M |
| Free cash flow | 2.67M | 5.99M | 52.10M | 58.90M | 60.30M |
Sector: Real Estate Industry: REIT - Mortgage
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| GPMT Granite Point Mortgage Trust Inc |
-0.08 2.81% |
2.77 | - | 47.62 | 5.92 | 0.09 | 16.77 | 13.47 |
| NLY Annaly Capital Management, Inc. |
-0.35 1.90% |
18.36 | 5.27 | 6.78 | 4.96 | 1.09 | 17.69 | - |
| NLY-PG Annaly Capital Management Inc |
- -% |
25.03 | 14.19 | - | 5.46 | - | - | - |
| NLY-PF Annaly Capital Management Inc |
0.03 0.12% |
25.50 | 14.25 | - | 5.42 | - | - | - |
| AGNC AGNC Investment Corp. |
-0.26 2.97% |
8.48 | 8.39 | 6.99 | 6.97 | 1.16 | 0.03 | - |
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.
1114 Avenue of the Americas, New York, NY, United States, 10036
212 364 5500
28
| Name | Title | Year Born |
|---|---|---|
| Mr. John A. Taylor J.D. | Pres, CEO & Director | 1956 |
| Mr. Marcin Urbaszek C.F.A. | VP, CFO, Head of IR & Treasurer | 1976 |
| Mr. Steven Plust | VP & COO | 1959 |
| Mr. Stephen Alpart | VP, Chief Investment Officer & Co-Head of Originations | 1964 |
| Mr. Peter M. Morral | VP, Chief Devel. Officer & Co-Head of Originations | 1968 |
| Mr. Michael J. Karber | VP, Gen. Counsel & Sec. | 1980 |
| Mr. Chris Petta | Investor Relations Officer | NA |
| Mr. John A. Taylor J.D. | President, CEO & Director | 1956 |
| Mr. Blake N. Johnson | VP, CFO & Treasurer | 1985 |
| Mr. Steven Plust | Senior Managing Director | 1959 |
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