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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 133,132 | 191,931 | 261,419 | 80,281 | 91,700 | 107,765 | |||
Cash and cash equivalents | 133,132 | 191,931 | 261,419 | 80,281 | 91,700 | 107,765 | |||
Total current assets: | 133,132 | 191,931 | 261,419 | 80,281 | 91,700 | 107,765 | |||
Noncurrent Assets | |||||||||
Regulated entity, other noncurrent assets | 6,245 | 3,924 | 8,872 | ||||||
Total noncurrent assets: | 6,245 | 3,924 | 8,872 | ||||||
Other undisclosed assets | 3,320,969 | 3,796,587 | 3,958,229 | 4,374,336 | 3,266,257 | 2,382,493 | |||
TOTAL ASSETS: | 3,454,101 | 3,988,518 | 4,219,648 | 4,460,862 | 3,361,881 | 2,499,130 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 300 | 600 | |||||||
Taxes payable | ✕ | ✕ | 300 | 600 | |||||
Total current liabilities: | 300 | 600 | |||||||
Noncurrent Liabilities | |||||||||
Other undisclosed liabilities | 2,469,431 | 2,974,035 | 3,284,202 | 3,440,726 | 2,533,350 | 1,669,509 | |||
Total liabilities: | 2,469,431 | 2,974,335 | 3,284,802 | 3,440,726 | 2,533,350 | 1,669,509 | |||
Temporary equity, carrying amount | 1,000 | ||||||||
Equity | |||||||||
Equity, attributable to parent, including: | 983,545 | 1,013,058 | 933,846 | 1,019,136 | 827,531 | 828,621 | |||
Preferred stock | 82 | 46 | |||||||
Common stock | 524 | 538 | 552 | 549 | 436 | 432 | |||
Additional paid in capital | 1,202,315 | 1,125,241 | 1,058,298 | 1,048,484 | 836,288 | 829,704 | |||
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 interest | 125 | 125 | |||||||
Other undisclosed equity | 1,000 | 1,000 | 1,000 | ||||||
Total equity: | 983,670 | 1,013,183 | 933,846 | 1,020,136 | 828,531 | 829,621 | |||
Other undisclosed liabilities and equity | 1,000 | 1,000 | |||||||
TOTAL LIABILITIES AND EQUITY: | 3,454,101 | 3,988,518 | 4,219,648 | 4,460,862 | 3,361,881 | 2,499,130 |
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 | ||
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Revenues (Net Investment Income) | 210,854 | 198,288 | 236,408 | 242,797 | 179,526 | 113,076 | ||
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: | 184,911 | 171,651 | 186,434 | 239,127 | 177,330 | 101,985 | ||
Operating expenses | (10,754) | (8,634) | (91,062) | (36,605) | (28,534) | (10,982) | ||
Operating income: | 174,157 | 163,017 | 95,372 | 202,522 | 148,796 | 91,003 | ||
Nonoperating income (expense) | (88,836) | 11,108 | (69,506) | 1,210 | 1,446 | |||
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) | 66,750 | 58,719 | 48,540 | ||
Other undisclosed income from continuing operations before income taxes | 47,223 | 3,460 | 4,354 | 4,761 | ||||
Income (loss) from continuing operations before income taxes: | (40,808) | 68,545 | (39,846) | 70,210 | 63,073 | 53,301 | ||
Income tax expense (benefit) | (17) | (192) | (593) | 4 | 2 | 4 | ||
Income (loss) from continuing operations: | (40,825) | 68,353 | (40,439) | 70,214 | 63,075 | 53,305 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 68,353 | (40,439) | 70,214 | 63,075 | 53,305 | |
Net income (loss) attributable to parent: | (40,825) | 68,353 | (40,439) | 70,214 | 63,075 | 53,305 | ||
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) | 70,114 | 62,975 | 53,255 | ||
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) | 70,114 | 73,717 | 25,773 |
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 | ||
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Net income (loss): | (40,825) | 68,353 | (40,439) | 70,214 | 63,075 | 53,305 | ||
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) | 70,438 | 62,883 | 53,367 |
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.