Granite Point Mortgage Trust Inc. (GPMT) Financial Statements (2024 and earlier)

Company Profile

Business Address 3 BRYANT PARK
NEW YORK, NY 10036
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments133,132191,931261,41980,28191,700107,765
Cash and cash equivalents133,132191,931261,41980,28191,700107,765
Total current assets:133,132191,931261,41980,28191,700107,765
Noncurrent Assets
Regulated entity, other noncurrent assets    6,2453,9248,872
Total noncurrent assets:    6,2453,9248,872
Other undisclosed assets3,320,9693,796,5873,958,2294,374,3363,266,2572,382,493
TOTAL ASSETS:3,454,1013,988,5184,219,6484,460,8623,361,8812,499,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  300600   
Taxes payable300600   
Total current liabilities:  300600   
Noncurrent Liabilities
Other undisclosed liabilities2,469,4312,974,0353,284,2023,440,7262,533,3501,669,509
Total liabilities:2,469,4312,974,3353,284,8023,440,7262,533,3501,669,509
Temporary equity, carrying amount 1,000     
Equity
Equity, attributable to parent, including:983,5451,013,058933,8461,019,136827,531828,621
Preferred stock8246    
Common stock524538552549436432
Additional paid in capital1,202,3151,125,2411,058,2981,048,484836,288829,704
Accumulated other comprehensive income (loss)    32(192) 
Other undisclosed equity, attributable to parent(219,376)(112,767)(125,004)(29,929)(9,001)(1,515)
Equity, attributable to noncontrolling interest125125    
Other undisclosed equity    1,0001,0001,000
Total equity:983,6701,013,183933,8461,020,136828,531829,621
Other undisclosed liabilities and equity  1,0001,000   
TOTAL LIABILITIES AND EQUITY:3,454,1013,988,5184,219,6484,460,8623,361,8812,499,130

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues
(Net Investment Income)
210,854198,288236,408242,797179,526113,076
Cost of revenue(25,943)(26,637)(49,974)(3,670)(2,196)(11,091)
Cost of goods and services sold      (9,737)
Provision for loan, lease, and other losses  16,029(49,974)  
Gross profit:184,911171,651186,434239,127177,330101,985
Operating expenses(10,754)(8,634)(91,062)(36,605)(28,534)(10,982)
Operating income:174,157163,01795,372202,522148,79691,003
Nonoperating income (expense)(88,836)11,108(69,506)1,2101,446 
Interest and debt expense(126,129)(105,580)(112,935)(136,982)(91,523)(42,463)
Income (loss) from continuing operations before equity method investments, income taxes:(40,808)68,545(87,069)66,75058,71948,540
Other undisclosed income from continuing operations before income taxes   47,2233,4604,3544,761
Income (loss) from continuing operations before income taxes:(40,808)68,545(39,846)70,21063,07353,301
Income tax expense (benefit)(17)(192)(593)424
Income (loss) from continuing operations:(40,825)68,353(40,439)70,21463,07553,305
Income (loss) before gain (loss) on sale of properties:68,353(40,439)70,21463,07553,305
Net income (loss) attributable to parent:(40,825)68,353(40,439)70,21463,07553,305
Preferred stock dividends and other adjustments(14,502)(793)(100)(100)(100)(50)
Net income (loss) available to common stockholders, basic:(55,327)67,560(40,539)70,11462,97553,255
Interest on convertible debt     10,742 
Other undisclosed net loss available to common stockholders, diluted      (27,482)
Net income (loss) available to common stockholders, diluted:(55,327)67,560(40,539)70,11473,71725,773

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(40,825)68,353(40,439)70,21463,07553,305
Other comprehensive income (loss)   (32)224(192)112
Other undisclosed comprehensive loss      (50)
Comprehensive income (loss), net of tax, attributable to parent:(40,825)68,353(40,471)70,43862,88353,367

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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