Granite Point Mortgage Trust Inc

Chart & Performance

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Profile

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.

URL

https://www.gpmtreit.com/

IPO date

Jun 23, 2017

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	39,859 -85.04%	266,491 240.52%	78,259 -10.60%
Cost of revenue	38,922	33,001	51,204
Unusual Expense (Income)
NOPBT	937	233,490	27,055
NOPBT Margin	2.35%	87.62%	34.57%
Operating Taxes	(10)	95	17
Tax Rate		0.04%	0.06%
NOPAT	947	233,395	27,038
Net income	(221,452) 250.41%	(63,198) 54.80%	(40,825) -159.73%
Dividends	(14,402)	(57,346)	(65,871)
Dividend yield	10.24%	6.34%	7.25%
Proceeds from repurchase of equity	(7,621)	(11,264)	71,807
BB yield	5.42%	1.25%	-7.90%
Debt
Debt current	86,774	84,000	100,000
Long-term debt	788,313	991,780	1,315,662
Deferred revenue			2,469,431
Other long-term liabilities		728,952	(1,183,662)
Net debt	787,299	887,410	(2,067,620)
Cash flow
Cash from operating activities	8,756	52,096	58,898
CAPEX
Cash from investing activities	435,237	561,429	408,631
Cash from financing activities	(528,739)	(554,474)	(531,657)
FCF	(1,483)	233,395	902,274
Balance
Cash	87,788	188,370	3,483,282
Long term investments
Excess cash	85,795	175,045	3,479,369
Stockholders' equity	695	(339,025)	(218,645)
Invested Capital	2,108,182	3,171,821	6,242,177
ROIC	0.04%	4.96%	0.45%
ROCE	0.04%	8.24%	0.76%
EV
Common stock shares outstanding	50,423	51,642	53,012
Price	2.79 -84.07%	17.51 2.10%	17.15 46.46%
Market cap	140,681 -84.44%	904,245 -0.54%	909,152 41.34%
EV	928,187	1,791,862	(1,158,261)
EBITDA	6,343	236,982	39,467
EV/EBITDA	146.33	7.56
Interest	149,668	181,735	126,129
Interest/NOPBT	15,973.11%	77.83%	466.19%