What is Granite Point Mortgage Trust Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Granite Point Mortgage Trust's annualized net income for the quarter that ended in Mar. 2024 was $-296.49 Mil. Granite Point Mortgage Trust's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $816.51 Mil. Therefore, Granite Point Mortgage Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was -36.31%.
The historical rank and industry rank for Granite Point Mortgage Trust's Return-on-Tangible-Equity or its related term are showing as below:
GPMT'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -11.82 Med: 7.02 Max: 8.48
Current: -11.82
During the past 9 years, Granite Point Mortgage Trust's highest Return-on-Tangible-Equity was 8.48%. The lowest was -11.82%. And the median was 7.02%.
GPMT's Return-on-Tangible-Equity is ranked worse than 90.01% of 791
companies
in the REITs industry
Industry Median: 4.6
vs GPMT: -11.82
Granite Point Mortgage Trust Return-on-Tangible-Equity Historical Data
* 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 Return-on-Tangible-Equity Chart
Competitive Comparison of Granite Point Mortgage Trust's Return-on-Tangible-Equity
For the REIT - Mortgage subindustry, Granite Point Mortgage Trust's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Granite Point Mortgage Trust's Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Granite Point Mortgage Trust's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Granite Point Mortgage Trust's Return-on-Tangible-Equity falls into.
Granite Point Mortgage Trust Return-on-Tangible-Equity Calculation
Granite Point Mortgage Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Granite Point Mortgage Trust (NYSE:GPMT) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Granite Point Mortgage Trust Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Granite Point Mortgage Trust's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Granite Point Mortgage Trust (Granite Point Mortgage Trust) Business Description
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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