Granite Point Mortgage Trust (GPMT) Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
GPMT Community Fair Values
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Analyst Price Targets
Granite Point Mortgage Trust Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$1.34 |
| 52 Week High | US$3.12 |
| 52 Week Low | US$1.24 |
| Beta | 1.62 |
| 1 Month Change | 3.08% |
| 3 Month Change | -7.59% |
| 1 Year Change | -49.24% |
| 3 Year Change | -76.70% |
| 5 Year Change | -90.58% |
| Change since IPO | -92.95% |
Recent News & Updates
Recent updates
GPMT: Higher Discount Rate And Buybacks Will Shape A More Measured Outlook
The analyst price target for Granite Point Mortgage Trust has been reduced from $2.05 to $1.50, with analysts citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E as key drivers of the change. Analyst Commentary Recent research on Granite Point Mortgage Trust highlights a series of price target reductions, with analysts updating their assumptions around discount rates, expected revenue, profitability, and future P/E multiples.Portfolio Resolutions And Lower Funding Costs Will Support A Long Term Earnings Recovery
Catalysts About Granite Point Mortgage Trust Granite Point Mortgage Trust is a commercial real estate finance company focused on originating, holding and managing a portfolio of commercial mortgage loans. What are the underlying business or industry changes driving this perspective?
Credit Resolutions And Office Exposure Will Shape Earnings Recovery Over The Next Years
Catalysts About Granite Point Mortgage Trust Granite Point Mortgage Trust is a commercial real estate finance company focused on originating, investing in and managing a portfolio of commercial mortgage loans. What are the underlying business or industry changes driving this perspective?Granite Point Mortgage Trust: Discount To Book Has Bottomed, A Rerate On The Cards
Summary Granite Point Mortgage Trust's loan portfolio is stabilizing, with book value losses slowing and portfolio stress likely past its peak. Recent management loan loss forecasts have been accurate. If the bulk of the surprise write-offs are behind us, GPMT’s current discount to book value is too extreme. I set a base-case target of $3.85/share (0.55x $7 forward BV). Read the full article on Seeking AlphaGranite Point Mortgage: Definitely Not Out Of The Woods Yet
Summary Granite Point Mortgage Trust's preferred shares face challenges with dividend coverage and asset coverage ratios amid increased operating expenses and credit provisions. Despite a significant pre-tax loss and declining common equity, I maintain my position in GPMT's Series A preferred shares. The preferred shares offer a 10.1% yield now, potentially rising to 14.7% by 2027, but market concerns persist. I will not add to my preferred stock position until sector improvements and the resolution of troubled loans are evident. Read the full article on Seeking AlphaGranite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
Summary Granite Point Mortgage Trust's common equity is down 36% in 2024, trading at a 65% discount to book value due to office property loan exposure. The mREIT's third-quarter book value dipped by 59 cents per share, with a $0.55 per share provision for credit loss and increased share repurchase authorization. GPMT's liquidity improved with $113.46 million in cash and cash equivalents, driven by substantial loan repayments and a focus on reducing office property exposure. Preferred shares offer a 10% yield on cost, supported by free cash flow, with potential for yield tightening as liquidity and book value improve. Read the full article on Seeking AlphaGranite Point Mortgage Trust: Office Distress Continues, Are The Preferreds Safe
Summary Granite Point Mortgage Trust has shed 50% over the last year due to the extreme discombobulation of its loan portfolio. Book value per share dipped by 11.7% sequentially during the mREIT's fiscal 2024 second quarter. The dividend has been cut by nearly 70%. It should have been suspended to fund share buybacks with the mREIT currently trading at a 74% discount to book value. Read the full article on Seeking AlphaGranite Point: Downside Materialized, I'm Flipping Bullish
Summary I have been very bearish on Granite Point, warning that a dividend cut was inevitable. Now that the dividend has been cut, I see two reasons why it makes sense to start bottom fishing. I flip bullish and present my updated thesis. Read the full article on Seeking AlphaGranite Point Mortgage Trust Is Facing Headwinds But I'm Holding The Discounted Preferreds
Summary Granite Point Mortgage Trust reduced its quarterly cash dividend by 25% to $0.15 per share. The mREIT saw its book value decline by 13.7% sequentially following an increase in provision for credit losses of $75.6 million. I still own a significant position in the 10.5% yielding preferreds against $155 million in unrestricted cash as of the end of the first quarter. Read the full article on Seeking AlphaShareholder Returns
| GPMT | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | -4.3% | -3.7% | -1.4% |
| 1Y | -49.2% | -5.8% | 16.4% |
Return vs Industry: GPMT underperformed the US Mortgage REITs industry which returned -5.8% over the past year.
Return vs Market: GPMT underperformed the US Market which returned 16.4% over the past year.
Price Volatility
| GPMT volatility | |
|---|---|
| GPMT Average Weekly Movement | 6.5% |
| Mortgage REITs Industry Average Movement | 3.7% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: GPMT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GPMT's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 28 | Jack Taylor | www.gpmtreit.com |
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.
Granite Point Mortgage Trust Inc. Fundamentals Summary
| GPMT fundamental statistics | |
|---|---|
| Market cap | US$65.65m |
| Earnings (TTM) | -US$50.94m |
| Revenue (TTM) | US$10.27m |
Is GPMT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GPMT income statement (TTM) | |
|---|---|
| Revenue | US$10.27m |
| Cost of Revenue | US$3.32m |
| Gross Profit | US$6.96m |
| Other Expenses | US$57.90m |
| Earnings | -US$50.94m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 05, 2026
| Earnings per share (EPS) | -1.06 |
| Gross Margin | 67.72% |
| Net Profit Margin | -495.86% |
| Debt/Equity Ratio | 178.8% |
How did GPMT perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/23 21:34 |
| End of Day Share Price | 2026/07/23 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Granite Point Mortgage Trust Inc. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Kenneth Bruce | BofA Global Research |
| Benjamin Zucker | BTIG |