The firm's total asset base has contracted significantly from $2.8 billion in 2023Q4 to $1.5 billion in 2026Q1, reflecting a forced reduction in the company's footprint.
| Total Assets | 1.54B | 1.76B | 2.12B | 2.85B | 3.45B | 3.99B | 4.22B | 4.46B | 3.36B | 2.5B | 1.5B | 722.74M |
| Asset Growth % | -87.26% | -17.02% | -25.71% | -17.58% | -13.4% | -5.48% | -5.41% | 32.69% | 34.52% | 67.1% | 106.93% | - |
| Real Estate & Other Assets | 0 | 143.94M | 94.33M | 51.51M | 32.71M | 0 | 0 | 0 | 3.19B | 2.33B | 1.37B | 662.53M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 50.53M | 73.55M | 2.02B | 2.8B | 3.42B | 202.65M | 273.81M | 104.43M | 114.57M | 118.21M | 68.01M | 60.21M |
| Cash & Equivalents | 43.55M | 65.96M | 87.79M | 188.37M | 133.13M | 191.93M | 261.42M | 80.28M | 91.7M | 107.77M | 56.02M | 56.09M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 35.35M | 23.23M | 20.45M | 0 | 0 | 0 | 122.37M | 0 | 64.02M | 250K |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 998.61M | 1.2B | 1.5B | 1.99B | 2.47B | 2.97B | 3.28B | 3.44B | 2.53B | 1.67B | 1.07B | 235.8M |
| Total Debt | 0 | 1.17B | 1.47B | 1.95B | 2.43B | 2.26B | 1.53B | 1.47B | 997.4M | 121.31M | 593.63M | 167.26M |
| Net Debt | -43.55M | 1.11B | 1.39B | 1.76B | 2.3B | 2.07B | 1.27B | 1.39B | 905.7M | 13.55M | 537.61M | 111.17M |
| Long-Term Debt | 0 | 661.07M | 875.09M | 1.08B | 1.75B | 2.26B | 1.53B | 1.43B | 922.4M | 121.31M | 593.63M | 167.26M |
| Short-Term Borrowings | 0 | 510.95M | 597.87M | 875.44M | 677.17M | 0 | 0 | 42.01M | 0 | 56.55M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 517.11M | 604.11M | 889.58M | 691.49M | 28.81M | 50.1M | 732.43M | 24.74M | 1.67B | 1.07B | 235.8M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.29M | 6.39M | 3.12M | 655K | 73K |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 228K | 510K | 197K | 143K | 0 |
| Other Liabilities | 998.61M | 24.23M | 16.7M | 22.63M | 24.97M | 0 | 0 | 0 | 10.16M | -121.51M | -593.77M | -167.26M |
| Total Equity | 543.87M | 552.81M | 619.22M | 859.02M | 984.67M | 1.01B | 933.85M | 1.02B | 827.53M | 828.62M | 427.99M | 486.94M |
| Equity Growth % | -50.73% | -10.72% | -27.92% | -12.76% | -2.81% | 8.5% | -8.37% | 23.15% | -0.13% | 93.61% | -12.11% | - |
| Shareholders Equity | 543.74M | 552.69M | 619.09M | 858.9M | 984.54M | 1.01B | 933.85M | 1.02B | 827.53M | 828.62M | 427.99M | 486.94M |
| Minority Interest | 125K | 125K | 125K | 125K | 125K | 125K | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 479K | 476K | 488K | 506K | 524K | 538K | 552K | 549K | 436K | 432K | 0 | 486.8M |
| Additional Paid-in Capital | 0 | 1.2B | 1.2B | 1.2B | 1.2B | 1.13B | 1.06B | 1.05B | 836.29M | 829.7M | 392.61M | 0 |
| Retained Earnings | 0 | -643.15M | -577.3M | -339.74M | -219.38M | -112.77M | -125M | -29.93M | -9M | -1.51M | 35.49M | 138K |
| Preferred Stock | 82K | 82K | 82K | 82K | 1.08M | 46K | 0 | 0 | 1M | 1M | 0 | 0 |
| Return on Assets (ROA) | -2.29% | -2.13% | -8.35% | -2.01% | -1.1% | 1.67% | -0.93% | 1.8% | 2.15% | 2.67% | 3.19% | 0.02% |
| Return on Equity (ROE) | -7.1% | -7.02% | -28.01% | -6.86% | -4.09% | 7.02% | -4.14% | 7.6% | 7.62% | 8.48% | 7.73% | 0.03% |
| Debt / Assets | 0% | 66.77% | 69.64% | 68.53% | 70.36% | 56.69% | 36.21% | 32.93% | 29.67% | 4.85% | 39.69% | 23.14% |
| Debt / Equity | 0.00x | 2.12x | 2.38x | 2.27x | 2.47x | 2.23x | 1.64x | 1.44x | 1.21x | 0.15x | 1.39x | 0.34x |
| Net Debt / EBITDA | 5.39x | 19.45x | - | - | - | - | - | - | 5.86x | 0.14x | 11.59x | 344.19x |
| Book Value per Share | 11.41 | 11.55 | 12.62 | 16.63 | 18.57 | 18.45 | 16.93 | 19.20 | 15.90 | 19.17 | 9.90 | 10.89 |
Transitional office loan impairments
According to quarterly financial data, GPMT's total assets have contracted from $2.8 billion in 2023Q4 to $1.5 billion by 2026Q1, signaling a deliberate, albeit forced, reduction in the firm's footprint as it struggles to recycle capital from its legacy transitional loan portfolio.
The consistent decline in total assets suggests that the company is prioritizing liquidity preservation over growth, likely as a response to the inability to find viable exit opportunities for its existing loan book. This contraction appears to be a defensive posture intended to mitigate further exposure to distressed office assets rather than a strategic pivot toward new market opportunities.
As reported in recent balance sheet filings, GPMT has successfully reduced its total debt from $2.0 billion in 2023Q4 to $0 in 2026Q1, yet this rapid deleveraging appears to be a byproduct of portfolio liquidation rather than a strengthening of the firm's underlying capital structure.
While the elimination of reported debt is a notable shift, it warrants further investigation into whether this reflects a total exit from secured financing facilities or a structural change in how the firm accounts for its remaining obligations. Investors should monitor whether this lack of leverage limits the firm's ability to participate in future market recoveries or if it simply reflects a lack of viable collateral to pledge.
Based on the company's reported figures, shareholder equity has declined from $858.9 million in 2023Q4 to $543.7 million in 2026Q1, indicating that the firm is consistently consuming its capital base to absorb losses from its underperforming transitional commercial real estate loan investments.
The steady erosion of equity suggests that the company's internal valuation of its assets may be lagging behind the actual market deterioration of its office-heavy portfolio. This trend implies that the book value per share may remain under pressure, potentially necessitating further impairments that could continue to dilute the value available to common shareholders.
As indicated by the latest financial statements, GPMT's cash position has dwindled to $43.6 million in 2026Q1, down significantly from the $188.4 million reported in 2023Q4, which suggests a tightening liquidity profile that may limit the firm's operational flexibility during the current credit cycle.
The reduction in cash reserves appears to be a direct consequence of the firm's inability to generate positive cash flow from its loan portfolio, forcing it to rely on existing liquidity to cover ongoing expenses. This trend warrants close monitoring, as a further decline in cash could leave the company with insufficient resources to manage potential loan workouts or property-level interventions.
Quick answers to the most common questions about buying GPMT stock.
As of 2025, Granite Point Mortgage Trust Inc. (GPMT) had total assets of $1.76B including $73.6M in current assets.
Granite Point Mortgage Trust Inc. (GPMT) carries total debt of $1.17B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Granite Point Mortgage Trust Inc. (GPMT) has total shareholders' equity (book value) of $552.7M ($11.55 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Granite Point Mortgage Trust Inc. (GPMT) reported a current ratio of 0.14x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.