Granite Point Mortgage Trust (GPMT)
Market Price (4/28/2026): $1.52 | Market Cap: $72.1 MilSector: Financials | Industry: Mortgage REITs
Granite Point Mortgage Trust (GPMT)
Market Price (4/28/2026): $1.52Market Cap: $72.1 MilSector: FinancialsIndustry: Mortgage REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50% Attractive yieldDividend Yield is 15% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. | Weak multi-year price returns2Y Excs Rtn is -103%, 3Y Excs Rtn is -128% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 938% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -47% Key risksGPMT key risks include [1] its substantial loan exposure to the struggling office real estate sector and [2] a significant increase in non-performing loans, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -50% |
| Attractive yieldDividend Yield is 15% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. |
| Weak multi-year price returns2Y Excs Rtn is -103%, 3Y Excs Rtn is -128% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 938% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -47% |
| Key risksGPMT key risks include [1] its substantial loan exposure to the struggling office real estate sector and [2] a significant increase in non-performing loans, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Significant GAAP Net Loss and Decline in Book Value in Q4 2025. Granite Point Mortgage Trust reported a GAAP net loss attributable to common stockholders of $27.4 million, or -$0.58 per basic common share, for the fourth quarter ended December 31, 2025. This loss included a $14.4 million provision for credit losses (equivalent to -$0.30 per share) and a $6.8 million impairment loss on a real estate owned (REO) asset (equivalent to -$0.14 per share). Consequently, the company's book value declined by $0.65 per share, reaching $7.29 per common share as of December 31, 2025, compared to the prior quarter.
2. Increase in Credit Loss Reserves Reflecting Heightened Risk. The company's aggregate Current Expected Credit Loss (CECL) reserve increased by $15 million to approximately $148 million as of December 31, 2025. This increase was primarily driven by higher specific reserves on collateral-dependent loans and a worsening macroeconomic forecast incorporated into the CECL model, indicating ongoing concerns about the credit quality of its loan portfolio.
Show more
Stock Movement Drivers
Fundamental Drivers
The -35.3% change in GPMT stock from 12/31/2025 to 4/27/2026 was primarily driven by a -35.5% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.32 | 1.50 | -35.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 44 | 44 | 0.4% |
| P/S Multiple | 2.5 | 1.6 | -35.5% |
| Shares Outstanding (Mil) | 47 | 47 | 0.0% |
| Cumulative Contribution | -35.3% |
Market Drivers
12/31/2025 to 4/27/2026| Return | Correlation | |
|---|---|---|
| GPMT | -35.3% | |
| Market (SPY) | 4.2% | 36.8% |
| Sector (XLF) | -5.4% | 38.7% |
Fundamental Drivers
The -46.2% change in GPMT stock from 9/30/2025 to 4/27/2026 was primarily driven by a -50.5% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.79 | 1.50 | -46.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 41 | 44 | 7.3% |
| P/S Multiple | 3.3 | 1.6 | -50.5% |
| Shares Outstanding (Mil) | 48 | 47 | 1.3% |
| Cumulative Contribution | -46.2% |
Market Drivers
9/30/2025 to 4/27/2026| Return | Correlation | |
|---|---|---|
| GPMT | -46.2% | |
| Market (SPY) | 7.0% | 32.1% |
| Sector (XLF) | -3.5% | 34.7% |
Fundamental Drivers
The -35.4% change in GPMT stock from 3/31/2025 to 4/27/2026 was primarily driven by a -44.1% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.32 | 1.50 | -35.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 40 | 44 | 10.6% |
| P/S Multiple | 2.9 | 1.6 | -44.1% |
| Shares Outstanding (Mil) | 49 | 47 | 4.4% |
| Cumulative Contribution | -35.4% |
Market Drivers
3/31/2025 to 4/27/2026| Return | Correlation | |
|---|---|---|
| GPMT | -35.4% | |
| Market (SPY) | 28.1% | 47.9% |
| Sector (XLF) | 5.1% | 49.1% |
Fundamental Drivers
The -59.0% change in GPMT stock from 3/31/2023 to 4/27/2026 was primarily driven by a -43.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 4272026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.66 | 1.50 | -59.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 78 | 44 | -43.6% |
| P/S Multiple | 2.4 | 1.6 | -34.1% |
| Shares Outstanding (Mil) | 52 | 47 | 10.4% |
| Cumulative Contribution | -59.0% |
Market Drivers
3/31/2023 to 4/27/2026| Return | Correlation | |
|---|---|---|
| GPMT | -59.0% | |
| Market (SPY) | 79.8% | 42.1% |
| Sector (XLF) | 68.3% | 44.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GPMT Return | 27% | -48% | 29% | -49% | -7% | -35% | -74% |
| Peers Return | 29% | -17% | 20% | -7% | 9% | 0% | 31% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 91% |
Monthly Win Rates [3] | |||||||
| GPMT Win Rate | 50% | 42% | 50% | 33% | 58% | 25% | |
| Peers Win Rate | 62% | 48% | 53% | 53% | 55% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| GPMT Max Drawdown | -7% | -51% | -22% | -56% | -41% | -44% | |
| Peers Max Drawdown | -4% | -25% | -17% | -18% | -8% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BXMT, STWD, KREF, ARI, LADR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/27/2026 (YTD)
How Low Can It Go
| Event | GPMT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -74.2% | -25.4% |
| % Gain to Breakeven | 287.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -88.0% | -33.9% |
| % Gain to Breakeven | 730.2% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -14.2% | -19.8% |
| % Gain to Breakeven | 16.5% | 24.7% |
| Time to Breakeven | 169 days | 120 days |
Compare to BXMT, STWD, KREF, ARI, LADR
In The Past
Granite Point Mortgage Trust's stock fell -74.2% during the 2022 Inflation Shock from a high on 6/8/2021. A -74.2% loss requires a 287.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Granite Point Mortgage Trust (GPMT)
AI Analysis | Feedback
A venture capitalist for commercial real estate projects.
Bank of America's commercial real estate loan department, specializing in short-term financing for property upgrades and repositioning.
AI Analysis | Feedback
- Senior Floating-Rate Commercial Mortgage Loans: The company originates, invests in, and manages commercial mortgage loans with variable interest rates.
- Other Commercial Real Estate Debt Investments: Granite Point Mortgage Trust also invests in and manages a variety of other debt and debt-like instruments related to commercial real estate.
- Intermediate-Term Bridge or Transitional Financing: They provide financing for short to medium-term needs such as property acquisitions, recapitalizations, refinancing, renovation, and repositioning of commercial properties.
AI Analysis | Feedback
Granite Point Mortgage Trust Inc. (GPMT) operates as a commercial real estate finance company, primarily originating and managing senior floating-rate commercial mortgage loans and other debt investments. Therefore, its "major customers" are the entities that borrow these funds.
Due to the proprietary and confidential nature of commercial real estate lending, GPMT, like most lenders in this sector, does not publicly disclose the specific names of its individual customer companies (borrowers). These borrowers are typically private real estate developers, investors, or operating companies, rather than publicly traded corporations with symbols.
However, based on the company's described activities of providing intermediate-term bridge or transitional financing for purposes such as acquisitions, recapitalizations, refinancing, lease-up, renovation, repositioning, and repurposing of commercial property, its customer base can be broadly categorized into the following types of commercial entities:
- Commercial Real Estate Developers: Companies or investment groups undertaking the development of new commercial properties or significant redevelopment projects, requiring financing during the construction, renovation, and initial lease-up phases.
- Commercial Property Owners and Investors: Entities, including private equity real estate funds, family offices, or other investment vehicles, that acquire existing commercial properties (e.g., office, retail, industrial, multifamily, hospitality) and seek bridge financing for acquisitions, recapitalizations, or to execute a business plan involving the renovation, repositioning, or repurposing of the asset.
- Real Estate Operating Companies: Businesses that specialize in owning and operating specific types of commercial properties and require flexible financing for strategic acquisitions, property improvements, or to bridge to more permanent financing.
AI Analysis | Feedback
nullAI Analysis | Feedback
John ("Jack") A. Taylor President & Chief Executive Officer
Mr. Taylor has served as President and Chief Executive Officer of Granite Point Mortgage Trust since April 2017. He was the Global Head of Commercial Real Estate at Pine River Capital Management from 2014 to 2020, which was Granite Point's former manager. Prior to that, he was a Managing Director and Head of Global Real Estate Finance, as well as a member of the Global Management Committee and Chair of the Global Investment Committee for debt and equity, at Prudential Real Estate Investors (now PGIM Real Estate Company) from 2009 to 2014. His experience also includes serving as a Partner at Five Mile Capital Partners from 2003 to 2007, Co-Head of Real Estate Investment Banking for the Americas and Europe at UBS, and Head of the Real Estate Group and a Member of the Operating Committee at PaineWebber.
Blake Johnson Vice President, Chief Financial Officer and Treasurer
Mr. Johnson was appointed Chief Financial Officer of Granite Point Mortgage Trust effective December 1, 2024, joining as Deputy CFO in October 2024. He has nearly two decades of experience in finance, accounting, tax, and compliance. From the Company's inception in 2017 through 2020, Mr. Johnson served in various roles at Granite Point, including Controller, while an employee of its former manager. Before rejoining Granite Point, he held various positions at Two Harbors Investment Corp. (NYSE: TWO), a hybrid mortgage real estate investment trust, most recently serving as its Acting Chief Accounting Officer for a portion of 2024 and previously as its Controller since 2020. His prior experience includes roles at Wells Fargo Bank, N.A., Deloitte, LLP, Opus Corporation, and Ernst & Young, LLP. Mr. Johnson is a Certified Public Accountant and holds the Chartered Financial Analyst designation.
Stephen F. Alpart Vice President and Chief Investment Officer
Mr. Alpart serves as Vice President and Chief Investment Officer and Co-Head of Originations for Granite Point Mortgage Trust, a role he has held since the Company's inception. He is also a Senior Managing Director with Pine River Capital Management L.P., Granite Point's former manager, where he is a founding member of the Commercial Real Estate Group and a member of its Investment Committee. Mr. Alpart possesses over 25 years of experience in real estate finance and debt investing across various functions, including third-party funds management, proprietary on-balance sheet lending, transaction advisory, loan syndications and sales, and workouts/restructurings. His extensive background includes roles as Executive Director at UBS Securities LLC, Managing Director at Prudential Financial, Inc. (now PGIM Real Estate), Managing Director at GMAC Commercial Mortgage Corp., and Managing Director at Capmark Investments LP.
Ethan Lebowitz Vice President and Chief Operating Officer
Mr. Lebowitz is the Vice President and Chief Operating Officer of Granite Point Mortgage Trust, a position he is scheduled to assume no later than May 1, 2025, succeeding Steven Plust. He has been with the Company since its inception, previously serving as a Director from 2015 to 2019 and then as a Managing Director from 2019 until 2025, focusing on sourcing, originating, and overseeing commercial real estate investments. Mr. Lebowitz has more than two decades of investment and originations experience in commercial real estate.
Michael J. Karber Vice President, General Counsel, Secretary and Chief Compliance Officer
Mr. Karber serves as Vice President, General Counsel, Secretary, and Chief Compliance Officer of Granite Point Mortgage Trust, having been with the Company since its inception. Prior to joining Granite Point, he was Lead Counsel – Business Operations at Two Harbors Investment Corp. (NYSE: TWO), a hybrid mortgage real estate investment trust, beginning in 2014.
AI Analysis | Feedback
Here are the key risks to Granite Point Mortgage Trust (GPMT):- Credit Risk and Potential Loan Losses: Granite Point Mortgage Trust faces significant credit risk within its loan portfolio, which is evidenced by ongoing credit migration, increased Current Expected Credit Loss (CECL) reserves, and uncertainty surrounding asset resolutions. Management has indicated that challenges related to loan workouts and delinquencies are not yet over for the company or the industry. A substantial portion of the portfolio includes loans rated as higher risk, indicating potential for further losses and impacting the company's financial stability, earnings, and book value.
- Deterioration of the Commercial Real Estate (CRE) Market, particularly Office and Multifamily Sectors: The company operates within a challenging commercial real estate market, and its financial performance is highly susceptible to market volatility and economic downturns affecting CRE. GPMT has significant exposure to office properties (43.7% of its portfolio) and has noted underperformance in specific markets, such as the Atlanta multifamily market. A continued decline in the values of these underlying properties could lead to further loan defaults and realized losses.
- Interest Rate Risk: While a large portion of Granite Point's loan portfolio consists of floating-rate commercial mortgage loans, protecting against some aspects of rising rates, the company remains exposed to interest rate risk. Rapidly rising interest rates can increase the cost of the company's own financing facilities and may impair borrowers' ability to service their debt, leading to higher default rates. Fluctuations in financial conditions tied to interest rates can also slow loan resolutions and pressure earnings.
AI Analysis | Feedback
nullAI Analysis | Feedback
The addressable market for Granite Point Mortgage Trust's (GPMT) main products and services in the United States can be sized by the overall commercial real estate (CRE) debt market and the annual volume of commercial mortgage originations.As of the fourth quarter of 2023, the outstanding commercial real estate (CRE) debt in the U.S. was valued at approximately $5.9 trillion. This figure represents the total pool of debt and debt-like commercial real estate investments, which is directly relevant to GPMT's business of originating, investing in, and managing such assets.
In terms of annual market activity, total commercial real estate mortgage borrowing and lending (originations) in the U.S. was estimated at $498 billion in 2024. This indicates the yearly volume of new commercial mortgage loans and lending opportunities within the market.
AI Analysis | Feedback
Granite Point Mortgage Trust (GPMT) is expected to drive future revenue growth over the next 2-3 years through several key strategies and improving market conditions:
- Increased New Loan Originations: The company explicitly plans to re-enter and accelerate new loan origination activity, particularly in the latter half of 2026. This initiative is a high priority for management as capital becomes available.
- Strategic Capital Reallocation from Loan Repayments and Asset Resolutions: GPMT is focused on resolving legacy assets, including non-performing loans and Real Estate Owned (REO) properties, and collecting full loan repayments. The capital released through these resolutions and repayments will be recycled into new, higher-yielding loan originations, thereby growing the investment portfolio.
- Optimization of Funding Costs: Recent actions by GPMT have led to a meaningful decrease in the weighted average cost of its repurchase facilities, resulting in estimated annual savings. A lower cost of debt enhances net interest margins and improves overall profitability, supporting the company's ability to finance new investments and generate revenue.
- Improving Commercial Real Estate (CRE) Market Conditions: Management has noted improving fundamentals across various commercial real estate markets and property types, coupled with increased capital availability. A growing consensus suggests that real estate prices have bottomed out in most sectors, creating a more favorable environment for new lending opportunities.
- Expansion of Non-Bank Lender Market Share: With traditional banks anticipated to remain less active in direct lending compared to previous cycles, GPMT, as a non-bank lender, is well-positioned to capitalize on this trend and expand its market share in the commercial mortgage loan sector over the long term.
AI Analysis | Feedback
Share Repurchases
- Granite Point Mortgage Trust repurchased 1.0 million common shares for $5.1 million in the first quarter of 2023, resulting in approximately $0.19 per share book value accretion.
- Since the second quarter of 2024, the company has spent $13.2 million to buy back 4.55 million shares at a weighted average price of $2.91 per share, which lifted book value by $0.52 per share.
- No additional share repurchases were disclosed during the third quarter of 2025, suggesting a pause in the buyback program.
Share Issuance
- In 2021, Granite Point Mortgage Trust expanded its permanent capital base through an inaugural offering of approximately $115 million of preferred stock.
- The number of common shares outstanding has seen a general decrease, from 55,107,657 as of May 3, 2021, to 53,855,577 as of February 18, 2022, 51,526,039 as of May 4, 2023, and 47,563,643 as of December 31, 2025.
Outbound Investments
- In the full year 2021, the company originated 22 senior first mortgage loans and funded $824.3 million in total loan principal balance.
- The loan portfolio experienced a shrinkage as repayments outpaced new fundings, decreasing from $1.90 billion at year-end 2024 to $1.58 billion net of loans held-for-investment by Q3 2025.
- Management anticipates commencing regrowth of the portfolio in the latter half of 2026, with new origination activity prioritized once capital becomes available through loan repayments and asset resolutions.
Capital Expenditures
- Granite Point Mortgage Trust's capital expenditures have been minimal, with a trailing twelve months (TTM) average of approximately $972.05 thousand over the last five years.
- Over the past five years, the average capital expenditure was $275.82 thousand, with the lowest recorded at $0.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Granite Point Mortgage Trust Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to GPMT.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.1% | 3.1% | 0.0% |
| 03202026 | MKTX | MarketAxess | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.2% | -5.2% | -5.7% |
| 03202026 | RYAN | Ryan Specialty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -2.7% | -2.7% | -8.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.72 |
| Mkt Cap | 1.4 |
| Rev LTM | 242 |
| Op Inc LTM | - |
| FCF LTM | 85 |
| FCF 3Y Avg | 99 |
| CFO LTM | 125 |
| CFO 3Y Avg | 158 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -1.6% |
| Rev Chg 3Y Avg | -13.0% |
| Rev Chg Q | 1.5% |
| QoQ Delta Rev Chg LTM | 0.3% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 51.5% |
| CFO/Rev 3Y Avg | 70.1% |
| FCF/Rev LTM | 50.2% |
| FCF/Rev 3Y Avg | 51.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.4 |
| P/S | 5.9 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 14.2 |
| P/CFO | 11.4 |
| Total Yield | 13.0% |
| Dividend Yield | 9.8% |
| FCF Yield 3Y Avg | 9.0% |
| D/E | 5.0 |
| Net D/E | 4.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.9% |
| 3M Rtn | -0.2% |
| 6M Rtn | 1.6% |
| 12M Rtn | 9.0% |
| 3Y Rtn | 40.2% |
| 1M Excs Rtn | -6.4% |
| 3M Excs Rtn | -3.4% |
| 6M Excs Rtn | -5.2% |
| 12M Excs Rtn | -21.9% |
| 3Y Excs Rtn | -31.1% |
Price Behavior
| Market Price | $1.50 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 06/23/2017 | |
| Distance from 52W High | -48.0% | |
| 50 Days | 200 Days | |
| DMA Price | $1.54 | $2.25 |
| DMA Trend | down | down |
| Distance from DMA | -2.5% | -33.3% |
| 3M | 1YR | |
| Volatility | 59.9% | 51.8% |
| Downside Capture | 1.48 | 0.95 |
| Upside Capture | 62.72 | 122.50 |
| Correlation (SPY) | 37.2% | 34.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.06 | 1.09 | 1.14 | 0.90 | 1.42 | 1.31 |
| Up Beta | -4.04 | 1.91 | 0.97 | 0.57 | 1.22 | 1.22 |
| Down Beta | -1.67 | 1.07 | 1.93 | 1.23 | 1.66 | 1.37 |
| Up Capture | 12% | -38% | -38% | -9% | 103% | 97% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 5 | 13 | 20 | 46 | 102 | 333 |
| Down Capture | 158% | 196% | 169% | 146% | 141% | 110% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 13 | 25 | 38 | 70 | 135 | 378 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPMT | |
|---|---|---|---|---|
| GPMT | -6.5% | 52.3% | 0.05 | - |
| Sector ETF (XLF) | 8.5% | 14.7% | 0.34 | 38.7% |
| Equity (SPY) | 31.2% | 12.5% | 1.91 | 35.1% |
| Gold (GLD) | 39.7% | 27.2% | 1.21 | 0.3% |
| Commodities (DBC) | 45.1% | 18.1% | 1.93 | -11.7% |
| Real Estate (VNQ) | 13.1% | 13.4% | 0.67 | 30.5% |
| Bitcoin (BTCUSD) | -17.7% | 42.1% | -0.35 | 17.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPMT | |
|---|---|---|---|---|
| GPMT | -27.3% | 43.6% | -0.59 | - |
| Sector ETF (XLF) | 10.2% | 18.7% | 0.42 | 45.8% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 45.3% |
| Gold (GLD) | 20.9% | 17.8% | 0.96 | 8.0% |
| Commodities (DBC) | 14.5% | 19.1% | 0.62 | 11.1% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 48.5% |
| Bitcoin (BTCUSD) | 6.5% | 56.3% | 0.33 | 20.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GPMT | |
|---|---|---|---|---|
| GPMT | -15.7% | 86.1% | 0.03 | - |
| Sector ETF (XLF) | 12.7% | 22.2% | 0.53 | 36.2% |
| Equity (SPY) | 14.8% | 17.9% | 0.71 | 32.6% |
| Gold (GLD) | 13.8% | 15.9% | 0.72 | 3.1% |
| Commodities (DBC) | 10.0% | 17.8% | 0.47 | 9.7% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 38.4% |
| Bitcoin (BTCUSD) | 68.2% | 66.9% | 1.07 | 8.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/11/2026 | -11.5% | -23.8% | -30.8% |
| 11/5/2025 | 3.8% | 4.1% | 3.8% |
| 8/5/2025 | 6.7% | 8.2% | 16.5% |
| 4/29/2025 | 16.3% | 11.0% | 41.9% |
| 2/13/2025 | -9.1% | -10.0% | -10.0% |
| 11/6/2024 | 1.3% | 10.5% | 8.6% |
| 8/5/2024 | -4.5% | -7.1% | -2.2% |
| 5/7/2024 | -12.6% | -24.7% | -28.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 10 |
| # Negative | 14 | 14 | 14 |
| Median Positive | 3.6% | 7.5% | 17.8% |
| Median Negative | -3.5% | -8.5% | -10.1% |
| Max Positive | 16.3% | 11.0% | 69.5% |
| Max Negative | -14.4% | -24.7% | -70.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/02/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kasnet, Stephen G | Direct | Sell | 11122025 | 2.69 | 45,000 | 121,050 | 372,743 | Form | |
| 2 | Nikolic, Lazar | Direct | Buy | 11122025 | 19.30 | 3,500 | 67,550 | 86,850 | Form | |
| 3 | Nikolic, Lazar | Giordano Family Trusts | Buy | 11122025 | 19.39 | 8,736 | 169,391 | 169,391 | Form | |
| 4 | Nikolic, Lazar | Soaring Eagle LLC | Buy | 11122025 | 19.31 | 4,000 | 77,240 | 158,207 | Form | |
| 5 | Woodhouse, Hope B | Direct | Sell | 11122025 | 2.70 | 14,674 | 39,620 | 254,942 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.