Granite Point Mortgage Trust Inc. Common Stock (GPMT)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business. Granite Point is a mortgage REIT that originates and holds senior floating-rate commercial mortgage loans. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported a net loss of $58.4 million and diluted EPS of -$1.29. That followed a net loss of $2.4 million in fiscal Q1 2026 and a small net profit of $3.0 million in fiscal Q3 2025. For FY2025 it lost $41.2 million, or -$1.16 per diluted share, after a $207.1 million loss in FY2024. FairStock's Lynch category is 'none' because the company has lost money in each of the last four years. At the 2026-10-13 close of $5.76, FairStock calculates price-to-book at 0.58, ROE at -15.33%, debt-to-equity at 1.98 and a Piotroski F-Score of 2/9. Those are not the markings of a fortress balance sheet. The 4.72% dividend yield is attractive only if earnings can cover it, which they do not now. The moat is thin: this is a leveraged credit intermediary, not a brand or network franchise. The data do not give bank-specific measures such as CET1, net interest margin or combined ratio, so I would watch book value, credit marks, reserves and financing terms. At 0.58 times book, Mr. Market expects more losses. A cigar butt may be there if assets are sound, but Graham's margin of safety requires reliable asset values. I need evidence of stabilizing credit before trusting the discount.

In plain English: Granite Point Mortgage Trust makes loans to commercial real estate owners, mostly short-term loans tied to changing interest rates. The company has lost money in each of the last four years, including a large loss in the latest quarter, so the business looks weak. The stock price is below the value of its net assets on paper, but because losses may keep shrinking that value, it does not clearly look cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer