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Granite Point Mortgage Trust (FRA:G18) Scaled Net Operating Assets : 0.65 (As of Dec. 2024)


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What is Granite Point Mortgage Trust Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Granite Point Mortgage Trust's operating assets for the quarter that ended in Dec. 2024 was €1,936.10 Mil. Granite Point Mortgage Trust's operating liabilities for the quarter that ended in Dec. 2024 was €592.88 Mil. Granite Point Mortgage Trust's Total Assets for the quarter that ended in Sep. 2024 was €2,073.55 Mil. Therefore, Granite Point Mortgage Trust's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2024 was 0.65.

Granite Point Mortgage Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Granite Point Mortgage Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2024 )
=(Operating Assets (A: Dec. 2024 )-Operating Liabilities (A: Dec. 2024 ))/Total Assets (A: Dec. 2023 )
=(1936.097-592.875)/2610.637
=0.51

where

Operating Assets(A: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2019.935 - 83.838
=1936.097

Operating Liabilities(A: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1428.583 - 752.839 - 82.869
=592.875

Granite Point Mortgage Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2024 )
=(Operating Assets (Q: Dec. 2024 )-Operating Liabilities (Q: Dec. 2024 ))/Total Assets (Q: Sep. 2024 )
=(1936.097-592.875)/2073.547
=0.65

where

Operating Assets(Q: Dec. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2019.935 - 83.838
=1936.097

Operating Liabilities(Q: Dec. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1428.583 - 752.839 - 82.869
=592.875

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Granite Point Mortgage Trust Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Point Mortgage Trust Inc (FRA:G18) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
GPMTpA.PFD:USA GPMT:USA
Address
3 Bryant Park, Suite 2400A, New York, NY, USA, 10036
Website
https://www.gpmtreit.com
Granite Point Mortgage Trust Inc focuses on directly originating, investing in, and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company constructs its investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification, and assesses each investment from a fundamental value perspective relative to other opportunities available in the market. It typically provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing, and a range of business plans, including lease-up, renovation, repositioning, and repurposing of the property.