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Granite Point Mortgage Trust GPMT Amortization of Above Market Lease

Amortization of Above Market Lease at other companies

Global Net Lease logo
Global Net LeaseGNL
$1.47M-11.2%
Global Net Lease logo
Global Net LeaseGNL
$1.47M-11.2%
SIL
SILASILA
-$137K-6.2%
SIL
SILASILA
-$137K-6.2%
Welltower logo
WelltowerWELL
-$213K+44.7%
Welltower logo
WelltowerWELL
-$213K+44.7%

Other financials

Income statement

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Revenue$2.9M-13.4%
Net income-$58.4M-337%
EPS (diluted)-$1.29-269%

Balance sheet

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Cash & equivalents$107.5M+12.1%
Total equity$480.3M-17.8%
Total assets$1.5B-23.7%

Cash flow

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Operating cash flow-$2.4M+57.8%

Valuation

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Market cap$61.21M-53.0%
P/S5.1×-6.5×

Profitability

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Net margin-683%-88.3pp

Returns & leverage

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Return on equity-15.3%+1.6pp

Where this comes from

Reported directly by Granite Point Mortgage Trust in its filing.

Tagged under the XBRL concept gpmt:AmortizationOfAboveMarketLease.

The source filing: Granite Point Mortgage Trust’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:17 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001703644-26-000034
(in thousands)Income Statement LocationThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 20262025
Asset
In-place lease intangiblesExpenses from real estate owned operations$733$944$1,511$1,679
Lease commissionsExpenses from real estate owned operations11574220135
Above-market lease intangiblesRevenue from real estate owned operations(55)(78)(112)(148)
Liability
Below-market lease intangiblesRevenue from real estate owned operations14132821

Item 1. [Financial Statements (unaudited)](#i562168c3652448888595321297446d5c_25) [1](#i562168c3652448888595321297446d5c_25)

FAQ

What is Granite Point Mortgage Trust's amortization of above market lease?
Granite Point Mortgage Trust (GPMT) reported amortization of above market lease of $55K in Q2 2026.
How has Granite Point Mortgage Trust's amortization of above market lease changed year-over-year?
Granite Point Mortgage Trust's amortization of above market lease decreased by 29.5% year-over-year, from $78K to $55K.
What does amortization of above market lease mean?
This represents the amortization of the intangible asset created when a lease is acquired at rates higher than current market levels. It is a non-cash adjustment that reconciles the difference between contractual rent and market rent over the remaining lease term. This is critical for assessing the true economic value of acquired lease portfolios.

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