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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Axis Capital

First Bancorp

GPMT, AXS and FBP made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 15, 2024.

Best Income Stocks to Buy for February 15th

Granite Point Mortgage Trust (GPMT) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of a loss of $0.42 per share. This compares to loss of $0.16 per share a year ago.

Granite Point Mortgage Trust (GPMT) Q4 Earnings Beat Estimates

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

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

Ares Commercial Real Estate

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The Federal Reserve reimagined their goals to better match their chosen interest rate policy. Higher interest rates do not lead to a decrease in government spending. It would be cool if higher rates reduced deficits, but they don't. The free market is pretty good at responding to higher prices. It also responds to lower prices.

How The Federal Reserve Is Redefining Success

Office Properties Income Trust

SL Green Realty

Great white sharks have a bad reputation due to the movie "Jaws," but they are not intentionally targeting humans. Office REITs, like sharks, have a bad reputation, but not all of them should be avoided. We would steer folks away from these three REITs, however, towards safer investments that should generate sustainable and repeatable income.

3 Office REITs To Avoid

New York Mortgage Trust

Orchid Island Capital

Despite huge dividend yields, this sector is getting hammered. Shares could achieve this upside even without trading at Net Asset Value. Another peer already saw a similar recovery.

13% Dividend Yield And 39% Upside

Realty Income Corp

Sixth Street Specialty Lending

Mortgage REITs are not buy-and-hold investments and investors who focus solely on dividends are getting burned. Preferred shares offer better performance and stability compared to common shares in mortgage REITs. Equity REITs are also being negatively impacted, with investors seeking higher yields elsewhere.

More Pain For High Dividend REITs

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

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

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2023 Dividend Tax Information.

Granite Point Mortgage Trust Inc. Announces 2023 Dividend Tax Information

AFC Gamma

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Healthcare Realty Trust Inc

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I know what it's like to own shares in a company that cuts its dividend. It's not fun. I write articles like these in order to help readers navigate away from "sucker yields" and purchase "SWANs" instead.

8 REITs That Could Cut The Cheese

ARMOUR Residential REIT

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Invesco Mortgage Capital

AG Mortgage Investment Trust

High yield investors are focused on maintaining income. Many don't understand the scenario that would best support their income. We'll walk through the scenario for one popular kind of high yield investment.

Sweet Fantasy For High Dividend Yield Buyers

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

Gladstone Investment

Invesco KBW Premium Yield Equity REIT ETF

Medical Properties Trust

Big dividend yields? Yes. But that's not enough. One of the ETFs we love smashing seems to be struggling. Maybe buying yield blindly isn't a great technique. When you're investing, you need to start looking at relative values.

Big Yields Meet Big Trouble

Apple Hospitality REIT

Brookfield Corp

Brookfield Property Partners L.P.

Brookfield Property Partners L.P. - 6.50% PRF PERPETUAL USD 25 - Ser 1 Cls A

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U.S. equity markets extended their winning streak to an eighth week - the longest in five years - after inflation data both domestically and abroad showed a further cooling of price pressures. Extending its weekly winning streak to the longest since 2017, the S&P 500 posted gains of another 0.9% on the week, lifting the benchmark to within 1% of record highs. Pushing their eight-week rebound to over 25%, the Equity REIT Index gained 0.6% this week, with 9-of-18 property sectors in positive territory, while the Mortgage REIT Index gained 1.3%.

Disinflation: A Gift That Keeps Giving

Scrooge-like behavior is associated with being a miser who only cares about money and neglects others' feelings. The article emphasizes the importance of making the most of one's financial resources early on and avoiding investments with high risks. In this article, I will provide readers with a list of three REITs to avoid at all costs.

Don't Get Scrooged

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2023 Common and Preferred Stock Dividends and Business Update.

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2023 Common and Preferred Stock Dividends and Business Update

Prospect Capital

Each share has a yield of at least 12%, or will after the call date passes. Most are common shares, including one I haven't published anything positive about in a very long time. Discount to book value is a huge factor in evaluating the potential upside. We want shares that can see prices rally in addition to a big yield.

12% Yield Or Greater Plus Upside

Despite big yields, these shares are still cheap. Fat dividends that grow with short-term rates are a nice hedge. The yields are between 9% and 9.5% today, but they are due for a big dividend increase starting in March 2024. Bigger dividends should increase valuation.

13% Dividend Yield And 12% Upside

Triplepoint Venture Growth BDC

Mortgage REITs and BDCs had varying performances in Q3 2023, with agency mortgage REITs performing the worst and BDCs performing the best. Originator/servicer mREITs and RC outperformed their peers in terms of book value changes. Investors should focus on BDCs and preferred shares for long-term positions, as they generally have fewer dividend cuts.

BDCs Vs. MREITs: High-Yield Rumble

Solar Capital

REITs experienced significant gains, outperforming other sectors. Investors are hesitant to own REITs during rising interest rates but don't want to miss out when rates fall. There's no time between rates falling and REITs rising. Lower interest rates can lead to higher profits and dividend growth for equity REITs, making them more attractive to income-seeking investors.

REITs To The Moon

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q3 2023 Results Conference Call November 8, 2023 12:00 PM ET Company Participants Chris Petta - IR Jack Taylor - President, CEO Marcin Urbaszek - CFO Steve Alpart - CIO, Co-Head Originations Conference Call Participants Steve DeLaney - JMP Securities Jade Rahmani - KBW Operator Good afternoon. My name is Diageo, and I will be your conference facilitator.

Granite Point Mortgage Trust Inc. (GPMT) Q3 2023 Earnings Call Transcript

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Financial Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Granite Point Mortgage (NYSE:GPMT), Annaly Capital Management (NYSE:NLY)

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

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

Brandywine Realty

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Interest rates have surged like rarely before. Some REITs will be fine, but others could face significant pain. We discuss three REITs that could suffer a lot.

3 REITs That Should Suffer In Higher For Longer

Granite Point Mortgage Trust Inc. reported Q3 results, highlighting loan loss provisions and distributable earnings. The preferred dividend coverage ratio is a concern, but removing credit loss charges improves the coverage ratio. The quality of the portfolio and the performance of the common equity are important factors to consider in the Granite Point Mortgage Trust investment thesis.

Granite Point Mortgage Offers An 11% Yield On Its Preferred Shares

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

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

News for Granite Point Mortgage Trust Stock (GPMT)