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GPMTGranite Point Mortgage Trust Inc.
$1.41$68M
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HomeStocksGPMTBalance Sheet

Granite Point Mortgage Trust Inc. (GPMT) Balance Sheet

11Y historyFree accessUpdated daily

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.

GPMT Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15
Total Assets1.54B1.76B2.12B2.85B3.45B3.99B4.22B4.46B3.36B2.5B1.5B722.74M
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 Assets0143.94M94.33M51.51M32.71M0003.19B2.33B1.37B662.53M
PP&E (Net)000000000000
Investment Securities01000K000001000K1000K1000K1000K0
Total Current Assets50.53M73.55M2.02B2.8B3.42B202.65M273.81M104.43M114.57M118.21M68.01M60.21M
Cash & Equivalents43.55M65.96M87.79M188.37M133.13M191.93M261.42M80.28M91.7M107.77M56.02M56.09M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets0035.35M23.23M20.45M000122.37M064.02M250K
Intangible Assets000000000000
Total Liabilities998.61M1.2B1.5B1.99B2.47B2.97B3.28B3.44B2.53B1.67B1.07B235.8M
Total Debt01.17B1.47B1.95B2.43B2.26B1.53B1.47B997.4M121.31M593.63M167.26M
Net Debt-43.55M1.11B1.39B1.76B2.3B2.07B1.27B1.39B905.7M13.55M537.61M111.17M
Long-Term Debt0661.07M875.09M1.08B1.75B2.26B1.53B1.43B922.4M121.31M593.63M167.26M
Short-Term Borrowings0510.95M597.87M875.44M677.17M0042.01M056.55M00
Capital Lease Obligations000000000000
Total Current Liabilities0517.11M604.11M889.58M691.49M28.81M50.1M732.43M24.74M1.67B1.07B235.8M
Accounts Payable00000007.29M6.39M3.12M655K73K
Deferred Revenue0000000228K510K197K143K0
Other Liabilities998.61M24.23M16.7M22.63M24.97M00010.16M-121.51M-593.77M-167.26M
Total Equity543.87M552.81M619.22M859.02M984.67M1.01B933.85M1.02B827.53M828.62M427.99M486.94M
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 Equity543.74M552.69M619.09M858.9M984.54M1.01B933.85M1.02B827.53M828.62M427.99M486.94M
Minority Interest125K125K125K125K125K125K000000
Common Stock479K476K488K506K524K538K552K549K436K432K0486.8M
Additional Paid-in Capital01.2B1.2B1.2B1.2B1.13B1.06B1.05B836.29M829.7M392.61M0
Retained Earnings0-643.15M-577.3M-339.74M-219.38M-112.77M-125M-29.93M-9M-1.51M35.49M138K
Preferred Stock82K82K82K82K1.08M46K001M1M00
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 / Assets0%66.77%69.64%68.53%70.36%56.69%36.21%32.93%29.67%4.85%39.69%23.14%
Debt / Equity0.00x2.12x2.38x2.27x2.47x2.23x1.64x1.44x1.21x0.15x1.39x0.34x
Net Debt / EBITDA5.39x19.45x------5.86x0.14x11.59x344.19x
Book Value per Share11.4111.5512.6216.6318.5718.4516.9319.2015.9019.179.9010.89

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowDeteriorating
Top Statement Risk

Transitional office loan impairments

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Asset Base Shrinkage Reflects Deleveraging

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.

Debt Reduction Fails To Improve Solvency

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.

Shareholder Equity Erosion Persists

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.

Cash Reserves Remain Precariously Low

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.

GPMT — Frequently Asked Questions

Quick answers to the most common questions about buying GPMT stock.

What are the total assets of Granite Point Mortgage Trust Inc. (GPMT)?

As of 2025, Granite Point Mortgage Trust Inc. (GPMT) had total assets of $1.76B including $73.6M in current assets.

How much debt does Granite Point Mortgage Trust Inc. (GPMT) have?

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.

What is the book value or shareholders' equity of Granite Point Mortgage Trust Inc.?

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.

What is Granite Point Mortgage Trust Inc.'s current ratio and liquidity?

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.