Granite Point Mortgage Trust (FRA:G18) Total Assets : €2,073.55 Mil (As of Sep. 2024)

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What is Granite Point Mortgage Trust Total Assets?

Granite Point Mortgage Trust's Total Assets for the quarter that ended in Sep. 2024 was €2,073.55 Mil.

During the past 12 months, Granite Point Mortgage Trust's average Total Assets Growth Rate was -23.80% per year. During the past 3 years, the average Total Assets Growth Rate was -12.40% per year. During the past 5 years, the average Total Assets Growth Rate was -5.20% per year.

During the past 9 years, Granite Point Mortgage Trust's highest 3-Year average Total Assets Growth Rate was 69.70%. The lowest was -12.40%. And the median was 11.85%.

Total Assets is connected with ROA %. Granite Point Mortgage Trust's annualized ROA % for the quarter that ended in Sep. 2024 was -5.04%. Total Assets is also linked to Revenue through Asset Turnover. Granite Point Mortgage Trust's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Granite Point Mortgage Trust Total Assets Historical Data

The historical data trend for Granite Point Mortgage Trust's Total Assets can be seen below:

* 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 Total Assets Chart

Granite Point Mortgage Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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4,014.78

3,468.55

3,529.84

3,260.67

2,610.64

Granite Point Mortgage Trust Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															2,933.39	2,610.64	2,502.63	2,365.93	2,073.55

Granite Point Mortgage Trust Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Granite Point Mortgage Trust's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	787.724	+	1822.913
	=	2,610.64

Granite Point Mortgage Trust's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	601.789	+	1471.758
	=	2,073.55

Granite Point Mortgage Trust (FRA:G18) Total Assets Explanation

Total Assets is connected with ROA %.

Granite Point Mortgage Trust's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-111.812	/	( (2365.932	+	2073.547)	/ 2 )
	=	-111.812	/	2219.7395
	=	-5.04 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Granite Point Mortgage Trust's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	9.238	/	( (2365.932	+	2073.547)	/ 2 )
=	9.238	/	2219.7395
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Granite Point Mortgage Trust Total Assets Related Terms

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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 » Total 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.

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