Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc.verified

GPMT

Price:

$3.52

Market Cap:

$175.85M

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 provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. As of December 31, 2021, its investment portfolio includes 105 commercial real estate loan investments. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered i...[Read more]

Industry

REIT - Mortgage

IPO Date

2017-06-26

Stock Exchange

NYSE

Ticker

GPMT

The Current Ratio as of November 2024 (TTM) for Granite Point Mortgage Trust Inc. (GPMT) is 1.34

According to Granite Point Mortgage Trust Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.34. This represents a change of -78.22% compared to the average of 6.15 of the last 4 quarters.

Granite Point Mortgage Trust Inc. (GPMT) Historical Current Ratio (quarterly & annually)

How has GPMT Current Ratio performed in the past?

The mean historical Current Ratio of Granite Point Mortgage Trust Inc. over the last ten years is 4.93. The current 1.34 Current Ratio has changed 2.62% with respect to the historical average. Over the past ten years (40 quarters), GPMT's Current Ratio was at its highest in in the June 2022 quarter at 66.62. The Current Ratio was at its lowest in in the December 2023 quarter at -0.14.

Quarterly (TTM)
Annual

Average

4.93

Median

0.45

Minimum

0.06

Maximum

34.97

Granite Point Mortgage Trust Inc. (GPMT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Granite Point Mortgage Trust Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 7.68%

Maximum Annual Current Ratio = 34.97

Minimum Annual Increase = -97.85%

Minimum Annual Current Ratio = 0.06

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.75-97.85%
202234.977.68%
20210.4575.35%
20200.26-87.91%
20192.12-60.79%
20185.407.53%
20170.0711.15%
20160.06-75.05%

Granite Point Mortgage Trust Inc. (GPMT) Average Current Ratio

How has GPMT Current Ratio performed in the past?

The current Current Ratio of Granite Point Mortgage Trust Inc. (GPMT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

12.06

5-year avg

7.71

10-year avg

4.93

Granite Point Mortgage Trust Inc. (GPMT) Current Ratio vs. Peers

How is GPMT’s Current Ratio compared to its peers?

Granite Point Mortgage Trust Inc.’s Current Ratio is less than MFA Financial, Inc. (2.28), greater than Angel Oak Mortgage, Inc. (0.24), greater than Two Harbors Investment Corp. (0), greater than PennyMac Mortgage Investment Trust (0.13), greater than Chimera Investment Corporation (0.88), greater than ARMOUR Residential REIT, Inc. (0.18), greater than Orchid Island Capital, Inc. (0), greater than Invesco Mortgage Capital Inc. (0), greater than New York Mortgage Trust, Inc. (0), less than Western Asset Mortgage Capital Corporation (2.42), greater than Ellington Residential Mortgage REIT (0.05), greater than Arlington Asset Investment Corp. (0), less than Ready Capital Corporation (0), greater than null (0.41),

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