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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dLocal Ltd

Fundamental Global

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Top 3 Financial Stocks That Are Set To Fly This Quarter - Granite Point Mortgage (NYSE:GPMT)

Granite Point Mortgage Trust reduced its quarterly cash dividend by 25% to $0.15 per share. The mREIT saw its book value decline by 13.7% sequentially following an increase in provision for credit losses of $75.6 million. I still own a significant position in the 10.5% yielding preferreds against $155 million in unrestricted cash as of the end of the first quarter.

Granite Point Mortgage Trust Is Facing Headwinds But I'm Holding The Discounted Preferreds

Granite Point Mortgage Trust (GPMT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Granite Point Mortgage Trust (GPMT) Loses -15% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

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Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q1 2024 Earnings Conference Call May 8, 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 Stephen Laws – Raymond James Doug Harter – UBS Steve DeLaney – Citizens JMP Jade Rahmani – KBW Operator Good morning. My name is Paul and I will be your conference facilitator.

Granite Point Mortgage Trust Inc. (GPMT) Q1 2024 Earnings Call Transcript

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

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

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Don't Get Duped By These 'Sucker Yields'

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

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

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Most of these shares are either floating today or will float within a year. We're also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We're also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.

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We're looking at two REITs with similar portfolios and a 20% difference in valuation. For these REITs, we believe changes in book value were pretty small during Q1 2024.

Huge Disparity In These 2 REITs

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We're starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.

More 9% Dividend Yields Again? I'm Also Buying This One

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Granite Point Mortgage Trust is a small mortgage REIT with a $3 billion loan book invested in floating rate loans. GPMT has experienced significant office loan defaults in Q2-Q4 2023, resulting in write-offs and under-earning its dividend. While a 67% discount to book value is massive, I discuss why I'm staying away from this one.

Granite Point Mortgage Trust: Write-Offs Are Accelerating

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

Granite Point Mortgage Trust Inc. Announces First Quarter 2024 Common and Preferred Stock Dividends

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ARMOUR Residential REIT has not filed their 10-K report on time, but preliminary results suggest positive performance for other mortgage REITs.

9% Yield I Just Added To My Portfolio

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2024 Annual Meeting of Stockholders.

Granite Point Mortgage Trust Inc. Announces 2024 Annual Meeting of Stockholders

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About the author:  Amit Nar is a stock market aficionado and would love to hear from you on X @alphaintelligence or at The Market Institution discord.

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Granite Point Mortgage Trust is trading at a 64% discount to book value as the market expects further deterioration of office fundamentals. The mREIT's 17% dividend yield is not being covered by distributable earnings. A further dip in book value looks likely without a cut to the quarterly distribution.

Granite Point Mortgage Trust: Precarious 64% Discount To Book Value And 17% Dividend Yield

Granite Point Mortgage Trust Inc. (GPMT) Q4 2023 Earnings Call Transcript

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News for Granite Point Mortgage Trust Stock (GPMT)