-0.35%
1.79%
-4.70%
-4.70%
-49.38%
-76.53%
-84.47%
AI Spotlight on GPMT
Company Description
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.
Market Data
| Last Price | 2.84 |
| Change Percentage | -0.35% |
| Open | 2.86 |
| Previous Close | 2.85 |
| Market Cap ( Millions) | 142 |
| Volume | 150401 |
| Year High | 5.52 |
| Year Low | 2.46 |
| M A 50 | 3.11 |
| M A 200 | 3.13 |
Financial Ratios
| FCF Yield | 12.75% |
| Dividend Yield | 10.56% |
| ROE | -24.74% |
| Debt / Equity | 134.97% |
| Net Debt / EBIDTA | 2454.46% |
| Price To Book | 0.21 |
| Price Earnings Ratio | -0.77 |
| Price To FCF | 7.85 |
| Price To sales | 0.8 |
| EV / EBITDA | 28.96 |
News
- Jan -30 - Granite Point Mortgage Trust Inc. Announces 2024 Dividend Tax Information
- Jan -29 - Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
- Jan -23 - Past Time To Take Gains On These Big Yielders
- Jan -23 - Granite Point Mortgage Trust Inc. Mourns the Passing of Director W. Reid Sanders
- Jan -15 - High Yield REITs Whacked By Higher Rates
- Jan -15 - Granite Point Mortgage Trust Inc. Announces Patrick Halter and Lazar Nikolic Appointed to the Board of Directors
- Jan -07 - Granite Point Mortgage Trust Inc. Announces COO Transition
- Dec -19 - Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update
- Nov -18 - Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
- Nov -07 - Granite Point Mortgage Trust Inc. (GPMT) Q3 2024 Earnings Call Transcript
- Nov -07 - Granite Point Mortgage Trust (GPMT) Reports Q3 Loss, Tops Revenue Estimates
- Nov -06 - Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update
- Oct -23 - Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
- Oct -18 - 3 Real Estate Stocks to Buy on Increasing Mortgage Rates
- Oct -17 - 3 Shares Yielding Over 9%
- Sep -29 - Animal Spirits Awaken
- Sep -25 - 5 Shares Yielding 8% To 11%
- Sep -20 - Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update
- Sep -20 - The High Yield Desert
- Aug -29 - 3 'Beaten Down' Mortgage REITs: Darkest Before Dawn?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Real Estate Investment Trust
Expected Growth : 7.03 %
What the company do ?
Granite Point Mortgage Trust Inc. is a Real Estate Investment Trust (REIT) that focuses on investing in and managing a diversified portfolio of residential mortgage-backed securities and other mortgage-related assets.
Why we expect these perspectives ?
Granite Point Mortgage Trust Inc.'s 7.03% growth in Real Estate Investment Trust (REIT) is driven by increasing demand for mortgage-backed securities, expansion into new markets, and strategic acquisitions. Additionally, the company's diversified portfolio, strong asset management, and efficient cost structure contribute to its growth. Furthermore, the low-interest-rate environment and government support for the housing market also boost the company's performance.
Granite Point Mortgage Trust Inc. Products
| Product Range | What is it ? |
|---|---|
| Residential Mortgage Loans | Granite Point Mortgage Trust Inc. originates and acquires residential mortgage loans, providing financing solutions to homeowners and investors. |
| Commercial Mortgage Loans | The company offers commercial mortgage loans to finance commercial properties, such as office buildings, apartments, and retail centers. |
| Mortgage-Backed Securities | Granite Point Mortgage Trust Inc. invests in mortgage-backed securities, which represent an ownership interest in a pool of mortgage loans. |
| Mezzanine Loans | The company provides mezzanine loans, which are a type of hybrid debt that combines features of debt and equity financing. |
| Preferred Equity | Granite Point Mortgage Trust Inc. offers preferred equity investments, which provide a higher return than common equity but rank below debt in the capital structure. |
Granite Point Mortgage Trust Inc.'s Porter Forces
Threat Of Substitutes
Granite Point Mortgage Trust Inc. operates in a highly competitive market, but the threat of substitutes is mitigated by the company's diversified portfolio and strong relationships with its borrowers.
Bargaining Power Of Customers
Granite Point Mortgage Trust Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong brand reputation and customer service help to mitigate the bargaining power of customers.
Bargaining Power Of Suppliers
Granite Point Mortgage Trust Inc. relies on a diverse group of suppliers, including mortgage originators and servicers. While the company has some bargaining power due to its size and scale, suppliers still have some negotiating power due to the specialized nature of their services.
Threat Of New Entrants
The mortgage REIT industry is highly competitive, and new entrants can easily enter the market. Granite Point Mortgage Trust Inc. must continually innovate and improve its operations to stay ahead of new competitors.
Intensity Of Rivalry
The mortgage REIT industry is highly competitive, with many established players competing for market share. Granite Point Mortgage Trust Inc. must continually differentiate itself through its investment strategy and operational efficiency to maintain its market position.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 69.43% |
| Debt Cost | 9.30% |
| Equity Weight | 30.57% |
| Equity Cost | 13.04% |
| WACC | 10.44% |
| Leverage | 227.17% |
Granite Point Mortgage Trust Inc. : Quality Control
Granite Point Mortgage Trust Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| IVR | Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets. It invests in … |
| NREF | NexPoint Real Estate Finance, Inc. operates as a real estate finance company in the United States. It focuses on originating, structuring, and investing in first mortgage loans, mezzanine loans, preferred … |
| DX | Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities (MBS) on a leveraged basis in the United States. It invests in agency and non-agency MBS consisting … |
| TRTX | TPG RE Finance Trust, Inc., a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It … |
| KREF | KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (CRE) assets. It engages in … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Dynex Capital
A-Score
1-Year Total Return ->
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TPG RE Finance Trust
A-Score
1-Year Total Return ->
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NexPoint Real Estate Finance
A-Score
1-Year Total Return ->
4
Invesco Mortgage Capital
A-Score
1-Year Total Return ->
5
KKR Real Estate Finance Trust
A-Score
1-Year Total Return ->
6
