Granite Point Mortgage Trust

Granite Point Mortgage Trust, Inc. operates as a real estate investment trust, which focuses on originating, investing in, and managing senior floating-rate commercial mortgage loans, other debt and debt-like commercial real estate investments. The company was founded on April 7, 2017 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Granite Point Mortgage Trust (GPMT) reports Q4 challenges and strategic resilience

Granite Point Mortgage Trust (GPMT) faced challenges in Q4 2022 but demonstrated resilience through strategic portfolio management and liquidity preservation. The company reported a GAAP net loss, emphasizing the importance of managing CECL reserves and capitalization. GPMT is exploring opportunities to optimize its capital structure and enhance its financial position through potential capital-raising initiatives.

Granite Point Mortgage Trust (GPMT) reports strong Q1 performance and eyes multifamily market opportunities

Granite Point Mortgage Trust (GPMT) showcased strong performance in Q1 with a focus on portfolio management, balance sheet protection, and capital preservation, while navigating market disruptions and emphasizing opportunities in the multifamily sector.

Granite Point Mortgage Trust reports resilient performance amidst market challenges

Granite Point Mortgage Trust (GPMT) demonstrated resilience with strong operating performance and strategic asset management in Q2 2023.
While facing challenges from high interest rates and potential sector impacts, the company's defensive balance sheet and liquidity position provide stability.
Opportunities for growth and value creation exist through prudent financial management and adaptability to market conditions.

Granite Point Mortgage Trust reports Q3 loss, focuses on liquidity and risk management

Granite Point Mortgage Trust navigated economic uncertainties with a conservative approach, focusing on liquidity, asset resolution, and risk management.
Despite challenges such as a GAAP net loss and increased CECL reserve, the company maintained a strong financial position with reduced leverage and ample cash reserves.
Opportunities lie in optimizing asset performance, resolving loans, and strategic growth initiatives to capitalize on market dynamics and drive long-term value creation.

Granite Point Mortgage Trust (GPMT) addresses challenges, focuses on stability

Granite Point Mortgage Trust (GPMT) navigated a challenging year by focusing on balance sheet stability, resolving nonaccrual loans, and maintaining liquidity.
Despite a fourth quarter GAAP net loss, the company remains committed to managing nonperforming assets, evaluating dividend sustainability, and monitoring risk-rated loans.
Market observations, discussions on liquidity management, and a cautious approach to reserves highlight GPMT's strategic focus on portfolio performance and stability.

Granite Point Mortgage Trust reports strong Q3 performance and strategic focus on loan resolutions amidst market opportunities

Granite Point Mortgage Trust's Q3 earnings call highlighted a strong performance, strategic strengths in resolving loans, and opportunities in a favorable market environment.
Challenges such as the GAAP net loss and analyst inquiries into various operational aspects underscore areas for potential improvement and strategic focus.
The company's proactive measures, leadership transition, and focus on enhancing financial health position it well to capitalize on market opportunities and drive future growth.

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Granite Point Mortgage Trust's common equity is down 36% in 2024, trading at a 65% discount to book value due to office property loan exposure. The mREIT's third-quarter book value dipped by 59 cents per share, with a $0.55 per share provision for credit loss and increased share repurchase authorization. GPMT's liquidity improved with $113.46 million in cash and cash equivalents, driven by substantial loan repayments and a focus on reducing office property exposure.

Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Chris Petta - Investor Relations Jack Taylor - President and Chief Executive Officer Steve Alpart - Chief Investment Officer and Co-Head-Originations Marcin Urbaszek - Chief Financial Officer Conference Call Participants Steve DeLaney - Citizens JMP Douglas Harter - UBS Jade Rahmani - KBW Operator Good morning. My name is Christine and I will be your conference facilitator.

Granite Point Mortgage Trust Inc. (GPMT) Q3 2024 Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.96. This compares to earnings of $0.18 per share a year ago.

Granite Point Mortgage Trust (GPMT) Reports Q3 Loss, Tops Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update.

Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call.

Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call

Two Harbors Investment

Sino Land (SNLAY), Two Harbors (TWO) and Grantite Point (GPMT) are three real estate stocks to look into as mortgage rates continue to rise despite Fed rate cuts.

3 Real Estate Stocks to Buy on Increasing Mortgage Rates

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AGNC Investment

AGNC Investment Corp - FXDFR PRF PERPETUAL USD 25 - Ser D 1/1000th int

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Ready Capital Corp

Rithm Capital Corp

We've got three shares where big yields are offset by one flaw or another. I recently closed out my position in one of these shares for a gain of more than 40%. Great choice about 17 months ago. Not as great today. I'll include an alternative from my portfolio that still offers an attractive yield for investors.

3 Shares Yielding Over 9%

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update.

Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update

Blackstone Secured Lending Fund

Chimera Investment

Golub Capital BDC

I frequently discuss high-yield sectors like mortgage REITs, BDCs, and preferred shares, emphasizing the importance of knowing when not to buy. Preferred shares have rallied above targets, reducing buying opportunities, while common shares offer higher risks. Some offer upside, but others mostly offer downside. I'll kick off the weekend by highlighting one with a high valuation, as investors pay top dollar for earnings that are about to melt away.

The High Yield Desert

Claros Mortgage Trust

Recent developments in interest rates and market sentiment on rate cuts present an opportunity for highly discounted mortgage REITs with office exposure. Despite challenges, the risk-return profile of these mREITs has improved, making them potentially lucrative for patient, long-term investors. Granite Point Mortgage Trust, Claros Mortgage Trust, and Blackstone Mortgage Trust are rated as Speculative Buys due to their significant discounts to book value and growth prospects.

3 'Beaten Down' Mortgage REITs: Darkest Before Dawn?

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces CFO Transition.

Granite Point Mortgage Trust Inc. Announces CFO Transition

Granite Point Mortgage Trust has shed 50% over the last year due to the extreme discombobulation of its loan portfolio. Book value per share dipped by 11.7% sequentially during the mREIT's fiscal 2024 second quarter. The dividend has been cut by nearly 70%. It should have been suspended to fund share buybacks with the mREIT currently trading at a 74% discount to book value.

Granite Point Mortgage Trust: Office Distress Continues, Are The Preferreds Safe

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Chris Petta – Investor Relations Jack Taylor – President and Chief Executive Officer Steve Alpart – Chief Investment Officer and Co-Head-Originations Marcin Urbaszek – Chief Financial Officer Conference Call Participants Steve DeLaney – Citizens JMP Douglas Harter – UBS Stephen Laws – Raymond James Jade Rahmani – KBW Operator Good morning. My name is Darrel and I will be your conference facilitator.

Granite Point Mortgage Trust Inc. (GPMT) Q2 2024 Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.12 per share a year ago.

Granite Point Mortgage Trust (GPMT) Reports Q2 Loss, Misses Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Second Quarter 2024 Financial Results and Post Quarter-End Update.

Granite Point Mortgage Trust Inc. Reports Second Quarter 2024 Financial Results and Post Quarter-End Update

Dividends need to be sustained to create value. We're highlighting a company that regularly falls short. I made some mistakes many years ago and I want to address them so we can all learn from them.

Bashing Big Yielders

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Second Quarter 2024 Earnings Release and Conference Call.

Granite Point Mortgage Trust Inc. Announces Dates for Second Quarter 2024 Earnings Release and Conference Call

Gladstone Investment

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After a terrible start to the year, mortgage REITs are hot in July. Don't tell ORC. They missed most of the rally. If only it was an opportunity to destroy book value. They're so good at that. Quick commentary on MAIN.

Mortgage REITs Surging

I have been very bearish on Granite Point, warning that a dividend cut was inevitable. Now that the dividend has been cut, I see two reasons why it makes sense to start bottom fishing. I flip bullish and present my updated thesis.

Granite Point: Downside Materialized, I'm Flipping Bullish

Cherry Hill Mortgage

This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the change in valuation. These shares should have similar valuations, but they don't.

12%+ Dividend Yields Duel

Global Net Lease

Service Properties Trust

As many of my readers know, I'm not a yield chaser. I typically like to avoid "sucker yields" to prevent capital losses. In this article, I will examine three REITs that I'm avoiding.

Who Else Is Avoiding These 3 High Yielding REITs?

Icahn Enterprises

Saga Communications

While stocks have been hitting all-time highs, investors might not want to sell. However, they might also be in need of passive income.

Want $26,000 in Passive Income? Invest $120K in These Dividend Stocks

Management tried to keep the dividend down. They have the cash to pay out. These shares ranked ahead of the common shares. We've invested in these shares before. Now we're doing it again. Except this time, we're putting even more money in.

12% Dividend Yield Sure Beats 8%

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Second Quarter 2024 Common and Preferred Stock Dividends and Business Update.

Granite Point Mortgage Trust Inc. Announces Second Quarter 2024 Common and Preferred Stock Dividends and Business Update

We spotted a new baby bond that was particularly appealing. A discount to face value drove yields higher. When we consider these high-yielding investments, it's important to carefully compare them with other opportunities. We'll do that here. We closed out one of our other high-yielding positions to lock in a substantial gain.

News for Granite Point Mortgage Trust Stock (GPMT)