GPMT (Granite Point Mortgage Trust) Scaled Net Operating Assets: 0.64 (As of Mar. 2026)


GPMT Granite Point Mortgage Trust Inc GPMT
49 GF Score
Price $1.50
GF Value $2.70
Valuation Possible Value Trap
! 3 Warning Signs
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What is Granite Point Mortgage Trust Scaled Net Operating Assets?

Granite Point Mortgage Trust GPMT +0.67% 49 Scaled Net Operating Assets is 0.64 as of Mar. 2026. GuruFocus rates GPMT with a GF Score™ of 49/100 and a GF Value™ of $2.70 (Possible Value Trap). The stock has 3 warning signs investors should review.

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 Mar. 2026 was $1,498.92 Mil. Granite Point Mortgage Trust's operating liabilities for the quarter that ended in Mar. 2026 was $373.55 Mil. Granite Point Mortgage Trust's Total Assets for the quarter that ended in Dec. 2025 was $1,755.22 Mil. Therefore, Granite Point Mortgage Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.64.

GPMT
49GF Score
Granite Point Mortgage Trust Inc GPMT
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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. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(1689.266-469.564)/2115.115
=0.58

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1755.224 - 65.958
=1689.266

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1202.412 - 661.074 - 71.774
=469.564

Granite Point Mortgage Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1498.922-373.549)/1755.224
=0.64

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1542.477 - 43.555
=1498.922

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=998.609 - 553.286 - 71.774
=373.549

* 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.

What does a Scaled Net Operating Assets of 0.64 mean?
Granite Point Mortgage Trust (GPMT) has a Scaled Net Operating Assets of 0.64 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Granite Point Mortgage Trust and its competitors.
Is Granite Point Mortgage Trust's Scaled Net Operating Assets too high?
Granite Point Mortgage Trust's current Scaled Net Operating Assets is 0.64. Overall, Granite Point Mortgage Trust has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Granite Point Mortgage Trust's Scaled Net Operating Assets compare to LFT and LOAN?
Granite Point Mortgage Trust's Scaled Net Operating Assets of 0.64 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Granite Point Mortgage Trust and its competitors. Granite Point Mortgage Trust's current Scaled Net Operating Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite Point Mortgage Trust stock overvalued right now?
Based on GuruFocus' analysis, Granite Point Mortgage Trust (GPMT) is currently considered Possible Value Trap. The stock's GF Value™ is $2.70, compared to a current price of $1.50 — trading 44.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.64. Granite Point Mortgage Trust's overall GF Score™ is 49/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Granite Point Mortgage Trust (GPMT), the current Scaled Net Operating Assets is 0.64 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Granite Point Mortgage Trust (GPMT) Overvalued in 2026?

Based on GuruFocus' analysis, Granite Point Mortgage Trust stock appears to be undervalued. The current stock price of $1.50 is trading 44.4% below its estimated GF Value™ of $2.70. GuruFocus considers Granite Point Mortgage Trust to be Possible Value Trap.

Key valuation signals for GPMT:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: $2.70 vs. price of $1.50 (44.4% below fair value)
  • GF Score™: 49/100 with 3 warning signs

No single metric tells the full story. See the GPMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Granite Point Mortgage Trust Business Description

Industry Real EstateREITs
Address 1114 Avenue of the Americas, Suite 3020, New York, NY, USA, 10036
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 commercial property.
49GF Score

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$1.50
Price
$2.70
GF Value