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GPMT

Granite Point Mortgage Trust Inc.

GPMT

Granite Point Mortgage Trust Inc. • NYSE
$2.81 ▲ 2.93% (+0.08)
Market Cap $133.21 M
52w High $3.58
52w Low $1.61
Dividend Yield 0.20%
P/E -1.94
Volume 110.41K
Outstanding Shares 47.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $33.72M ▼ $0 ▼ $3.035M ▲ 9.001% ▲ $-0.01 ▲ $3.097M ▼
Q2-2025 $37.478M ▲ $5.718M ▼ $-13.571M ▼ -36.211% ▲ $-0.36 ▼ $15.187M ▲
Q1-2025 $10.103M ▲ $10.103M ▲ $-7.015M ▲ -69.435% ▲ $-0.22 ▲ $0
Q4-2024 $9.473M ▼ $9.473M ▼ $-38.836M ▼ -409.965% ▼ $-0.86 ▼ $0
Q3-2024 $10.253M $10.253M $-31.024M -302.585% $-0.69 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $62.69M ▼ $1.806B ▼ $1.224B ▼ $581.986M ▼
Q2-2025 $85.102M ▼ $1.918B ▼ $1.334B ▼ $584.204M ▼
Q1-2025 $85.744M ▼ $2.03B ▼ $1.425B ▼ $604.669M ▼
Q4-2024 $87.788M ▼ $2.115B ▼ $1.496B ▼ $619.092M ▼
Q3-2024 $113.461M $2.301B $1.633B $667.787M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.035M ▲ $4.519M ▲ $90.323M ▼ $-116.84M ▼ $-21.998M ▼ $4.519M ▲
Q2-2025 $-13.363M ▼ $736K ▲ $95.623M ▲ $-100.886M ▼ $-4.527M ▲ $-991K ▲
Q1-2025 $-7.015M ▲ $-5.71M ▼ $80.079M ▼ $-88.411M ▲ $-14.042M ▼ $-6.013M ▼
Q4-2024 $-38.836M ▼ $30K ▼ $136.047M ▼ $-146.311M ▲ $-10.234M ▼ $-771K ▼
Q3-2024 $-31.222M $6.088M $236.36M $-216.54M $25.908M $4.122M

Five-Year Company Overview

Income Statement

Income Statement Granite Point’s income statement shows a business under earnings pressure. Revenue has stayed relatively small and has not grown in a steady way. Operating results were modestly profitable in earlier years, but recent performance slid into a clearly larger loss, with net income negative in most of the last five years and especially weak in the most recent year. That pattern suggests credit issues, higher funding costs, or write-downs weighing on results, rather than a smooth, predictable income stream. Overall, profitability has been inconsistent and recently quite challenged.

Balance Sheet

Balance Sheet The balance sheet has been shrinking, with total assets coming down meaningfully over the past several years. Debt has also been reduced a lot, which points to deliberate de-risking and balance-sheet cleanup, but at the cost of a smaller business. Equity has edged down, reflecting cumulative losses and some erosion of book value over time, even though it still represents a meaningful cushion. Cash levels are modest but not unusually low for this type of company. In simple terms, Granite Point looks leaner and less leveraged than before, but also smaller and still working through past issues.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive but relatively modest, and it has not grown in a meaningful way. The company does not have heavy spending needs on physical assets, so free cash flow broadly mirrors operating cash flow. This steady, but thin, cash profile fits a mortgage REIT that is in defensive mode: cash is being preserved and used to stabilize the portfolio rather than to drive aggressive growth.

Competitive Edge

Competitive Edge Granite Point operates in a crowded mortgage REIT space, but competes by focusing on a narrow lane: senior, floating-rate commercial loans, often on transitional properties. Its edge is more about expertise and relationships than about scale or brand power. The firm emphasizes disciplined underwriting, deep knowledge of its niche, and repeat business with institutional-quality borrowers. That said, it lacks the size and diversification of the largest players, which can leave it more exposed to swings in commercial real estate conditions and credit quality. Its current focus on de-risking suggests that recent market stress has tested that competitive position.

Innovation and R&D

Innovation and R&D This is not a high-technology company, so “innovation” here is about process, not products. Granite Point’s main advances are in how it sources, evaluates, and structures loans: a relationship-based origination platform, tight coordination between deal teams, and a conservative, property-by-property underwriting approach. There is no clear evidence of proprietary technology or large R&D spending; instead, the firm relies on experienced people, refined credit processes, and selective lending. Future innovation is likely to show up as new lending strategies, risk tools, or targeted niches within commercial real estate debt, rather than as new tech platforms.

Summary

Granite Point Mortgage Trust appears to be in a turnaround and cleanup phase rather than a growth phase. Earnings have been volatile and recently weak, with losses pointing to credit and market headwinds. The balance sheet has been deliberately slimmed down, with lower leverage and fewer assets, signaling a push to protect and stabilize book value. Cash flows are consistently positive but thin, supporting a cautious stance rather than bold expansion. Competitively, the firm leans on its specialized focus, experienced team, and disciplined underwriting—strengths that help in tough markets but do not fully shield it from broader commercial real estate stress. Overall, this is a specialized lender working through a difficult part of the cycle, prioritizing risk reduction today with an eye toward rebuilding growth capacity once conditions improve.

NEWS

November 5, 2025 · 4:47 PM UTC

Granite Point Mortgage Trust Inc. Reports Third Quarter 2025 Financial Results and Post Quarter-End Update

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October 22, 2025 · 4:15 PM UTC

Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2025 Earnings Release and Conference Call

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September 17, 2025 · 5:16 PM UTC

Granite Point Mortgage Trust Inc. Announces Third Quarter 2025 Common and Preferred Stock Dividends and Business Update

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