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 Q2 2023

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

I issued a controversial SELL rating on GPMT back in February and the stock has dropped by 30% since then. At this lower price and post Q1 earnings which were fine, I'm ready to switch to a BUY.

Granite Point Mortgage Trust: Market Pricing In Default Of All Office Loans (Rating Upgrade)

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q1 2023 Earnings Conference Call May 10, 2023 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 Steve Plust – Chief Operating Officer Conference Call Participants Steve DeLaney – JMP Securities Stephen Laws – Raymond James Douglas Harter – Credit Suisse Jade Rahmani – KBW Operator Good morning. My name is Kevin, and I will be your conference facilitator.

Granite Point Mortgage Trust Inc. (GPMT) Q1 2023 Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.05 per share a year ago.

Granite Point Mortgage Trust (GPMT) Q1 Earnings and Revenues Surpass Estimates

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports First Quarter 2023 Financial Results and Post Quarter-End Update.

Granite Point Mortgage Trust Inc. Reports First Quarter 2023 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2023 Earnings Release and Conference Call.

Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2023 Earnings Release and Conference Call

Industrial Logistics Properties

NexPoint Real Estate Finance

Piedmont Office Realty Trust

Real estate investment trusts have been among the worst 12-month performers as the Fed took interest rates higher and as the banking industry adjusted to difficulties.

REITs Slide To Even Lower New Lows: These 4 Get There

City Office REIT

Easterly Government Properties

Almost $1.5 trillion of U.S. commercial real estate debt comes due for repayment before the end of 2025. Most REITs are in good shape in terms of their balance sheets, but we are beginning to see more cracks in the foundation.

Dividend Cuts A-Plenty

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

Granite Point Mortgage Trust Inc. Announces $269 million Refinancing of Legacy CRE CLO

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.20 per share of common stock for the first quarter of 2023. This dividend will be payable on April 17, 2023, to common stockholders of record as of April 3, 2023.

Granite Point Mortgage Trust Inc. Announces First Quarter 2023 Common and Preferred Stock Dividends

AGNC Investment

Ares Capital

ARMOUR Residential REIT

Blackstone Mortgage Trust

Cherry Hill Mortgage

Chimera Investment

Capital Southwest

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

Franklin BSP Realty Trust Inc

FS KKR Capital Corp

Gladstone Investment

Golub Capital BDC

Invesco Mortgage Capital

Invesco KBW Premium Yield Equity REIT ETF

Main Street Capital

MFA Financial

MidCap Financial Investment Corp

AG Mortgage Investment Trust

VanEck Mortgage REIT Income ETF

Annaly Capital

New York Mortgage Trust

Oaktree Specialty Lending

The massive beatdown in mortgage REITs and BDCs triggered a wave of upgrades. It was quite a while since we had so many bullish outlooks for the sector.

Big Opportunity For Big Yields

ACRES Commercial Realty Corp.

Jerome Powell swings a wrecking ball into the markets. Even assets that would normally benefit from higher rates are down because of economic risk.

High Yield Carnage Begins

Medical Properties Trust

Over the last decade, our team has had a good batting average when it comes to avoiding sucker yield stocks. However, nobody is perfect when it comes to predicting dividend cuts.

My Oh My, You Better Not Buy

Autoliv

Aramark

Atlantic Union Bankshares Corp

Axalta Coating Systems

Dycom Industries

Fair Isaac

Franklin Street Properties Corp.

Hanesbrands

Hilton Grand Vacations

Hersha Hospitality Trust Class A

JBG SMITH Properties

Kennametal

Kennedy-Wilson Holdings

Lumen Technologies

NexTier Oilfield Solutions Inc

Pebblebrook Hotel Trust

Park Electrochemical

Radian Group

SL Green Realty

S&P Global

Starwood Property

Unisys

US Foods Holding

Valaris Ltd

NEW YORK , March 3, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 20, to coincide with the quarterly rebalance. The changes are being made to ensure each index is more representative of its market capitalization range.

Fair Isaac & Co. Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will hold its 2023 Annual Meeting of Stockholders virtually on June 1, 2023, beginning at 10:00 a.m. Eastern Time. We believe that hosting a virtual annual meeting will make our annual meeting more accessible for all of our stockholders.

Granite Point Mortgage Trust Inc. Announces 2023 Annual Meeting of Stockholders

Office heavy mortgage REITs have come under a lot of pressure in 2022. Granite Point is no different and although it already cut its dividend by 20% in Q4, I see another large cut on the horizon.

Granite Point Mortgage Trust: Dividend Cut Is Inevitable

Granite Point's payout to its common shareholders is facing pressure and was recently cut by 20%. The reduced payout still represents a just over 13% yield that was still not covered by distributable earnings from the last reported quarter.

Granite Point Mortgage: The Preferreds Offer A Stable 9.5% Yield

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ET Company Participants Chris Petta - IR Jack Taylor - President and CEO Steve Alpart - Chief Investment Officer and Co-Head of Originations Marcin Urbaszek - CFO Peter Morral - Chief Development Officer and Co-Head of Originations Steve Plust - Chief Operating Officer Conference Call Participants Doug Harter - Credit Suisse Steve Delaney - JMP Securities Jade Rahmani - Keefe, Bruyette, & Woods Operator Good morning. My name is Diego, and I will be your conference facilitator.

Granite Point Mortgage Trust Inc. (GPMT) Q4 2022 Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -188.89% and 8.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Granite Point Mortgage Trust (GPMT) Reports Q4 Loss, Tops Revenue Estimates

Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2022 Financial Results and Post Quarter-End Update

Arlington Asset Investment

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

AGNC Investment Corp. Deposit Shs Repr 1/1000th Cum Conv Red Pfd Registered Shs Series C

Slash to 11% or 12% incoming. Shares already dipped some, though many investors don't know about the cut yet.

16% Dividend Yield Slash Incoming

Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

Big unsustainable yield at a premium valuation. This share isn't for investors, it's for suckers. The valuation is at historically high levels. People who keep holding onto shares are not investing.

Dump This Fat 16% Yield Before The Cut

NEW YORK--( BUSINESS WIRE )-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the tax treatment of common and preferred stock dividends declared in 2022. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2022 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences.

Granite Point Mortgage Trust Inc. Announces 2022 Dividend Tax Information

Similar shares at different valuations are the basis for alpha. The research is so hard, it requires adding dividends or looking at a chart.

A Painfully Obvious Dividend Choice

NEW YORK--( BUSINESS WIRE )-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it has appointed Sheila K. McGrath as an independent member of its Board of Directors. With the addition of Ms. McGrath, the Granite Point Board comprises six directors, five of whom are independent.

Granite Point Mortgage Trust Inc. Appoints Sheila K. McGrath to the Board of Directors

News for Granite Point Mortgage Trust Stock (GPMT)