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GPMT (Granite Point Mortgage Trust) Scaled Net Operating Assets : 0.57 (As of Sep. 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 Sep. 2024 was $2,187.92 Mil. Granite Point Mortgage Trust's operating liabilities for the quarter that ended in Sep. 2024 was $732.18 Mil. Granite Point Mortgage Trust's Total Assets for the quarter that ended in Jun. 2024 was $2,546.75 Mil. Therefore, Granite Point Mortgage Trust's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 0.57.

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. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(2658.562-912.211)/3454.101
=0.51

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2846.932 - 188.37
=2658.562

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1987.909 - 991.698 - 84
=912.211

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

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Jun. 2024 )
=(2187.923-732.177)/2546.751
=0.57

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=2301.384 - 113.461
=2187.923

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1633.472 - 816.103 - 85.192
=732.177

* 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 (NYSE:GPMT) » Definitions » Scaled Net Operating Assets
Comparable Companies
AOMR NREF REFI SEVN SACH IVR AAIC ORC AJX MITT NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR
Traded in Other Exchanges
GPMTpA.PFD:USA G18:Germany
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.
Executives
Tanuja M Dehne director C/O SILVER BAY REALTY TRUST CORP., 601 CARLSON PARKWAY, SUITE 250, MINNETONKA MN 55305
Stephen G Kasnet director 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
John A Taylor director, officer: President and CEO 3 BRYANT PARK, #2400A, NEW YORK NY 10036
Marcin Urbaszek officer: Chief Financial Officer 3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Sheila K. Mcgrath director 3 BRYANT PARK, SUITE 2400A, NEW YORK NY 10036
William Reid Sanders director C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Stephen Alpart officer: Chief Investment Officer 3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Steven Plust officer: Chief Operating Officer 3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Michael J. Karber officer: General Counsel and Secretary 3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Peter M. Morral officer: Chief Development Officer 3 BRYANT PARK, SUITE 2400A, NEW YORK NY 10036
Devin Chen director 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Rebecca B Sandberg officer: General Counsel and Secretary 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Brian Taylor director C/O PINE RIVER CAPITAL MANAGEMENT, 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305
William Roth director TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Two Harbors Investment Corp. 10 percent owner 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416