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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EPR Properties

Global Net Lease

Make no bones about it (pun intended), some REITs are downright spooky these days. Especially considering the unprecedented amount of central bank intervention that drove markets over the past decade plus. REIT valuations are now back to levels last seen 7–10 years ago, and the REIT sector is screaming (pun intended) attractive.

Trick Or Treat: 3 Spooky REITs

Granite Point Mortgage Trust is a small mortgage REIT with a high risk of a dividend cut. Studies show that mortgage REITs are the worst performers when inflation is high. I discuss why I've exited my position.

I've Sold My Granite Point Mortgage Trust Position And Won't Re-Enter

Annaly Capital

The stock market is experiencing significant volatility. The increase in job openings fueled concerns about a tight labor market and the potential for the Federal Reserve to maintain high interest rates. Investors should be cautious and avoid stocks with high dividend yields that may be too good to be true as they often indicate underlying issues with the company's fundamentals.

I Love REIT Treats, But Avoid These 'Sucker Yields,' Charlie Brown

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Invesco Mortgage Capital

Main Street Capital

MFA Financial

AG Mortgage Investment Trust

New York Mortgage Trust

Orchid Island Capital

PennyMac Mortgage Investment

Ready Capital Corp

Rithm Capital Corp

Two Harbors Investment

Volatility in Treasuries is causing issues for analysts as it affects share prices and fundamentals. The market forecast for inflation has not changed significantly in the last six months, indicating belief that inflation is under control. Mortgage REITs are experiencing declines in book values, particularly agency mortgage REITs, due to interest rate risk.

Mortgage REIT Chaos

Brandywine Realty

Cibus Inc

Highwoods Properties

Office Properties Income Trust

Vanguard Real Estate ETF

Most REITs have strong balance sheets. But there are exceptions that are heavily overleveraged. I highlight 5 REITs that are risky.

5 REITs That Are Overleveraged

Arlington Asset Investment

Ares Commercial Real Estate

Capital Southwest

FS KKR Capital Corp

Gladstone Investment

MidCap Financial Investment Corp

Blue Owl Capital Corp

PennantPark Floating Rate Capital

Prospect Capital

Solar Capital

TCP Capital

Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

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

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

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q2 2023 Earnings Conference Call August 9, 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 Peter Morral - Chief Development Officer and Co-Head of Originations Conference Call Participants Steve DeLaney - JMP Securities Stephen Laws - Raymond James Doug Harter - Credit Suisse Jade Rahmani - KBW Operator Good morning. My name is Robert, and I will be your conference facilitator.

Granite Point Mortgage Trust Inc. (GPMT) Q2 2023 Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.22 per share a year ago.

Granite Point Mortgage Trust (GPMT) Lags Q2 Earnings Estimates

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

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

Granite Point Mortgage Trust is a mortgage REIT that provides capital for real estate projects. The company has experienced a decline in its stock price due to higher rates and the worst commercial market sentiment in years. I see significant red flags signalling a potential dividend cut.

Granite Point Mortgage Trust: At Risk Of A Dividend Cut

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

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

SL Green Realty

Some REITs yield as much as 15 to 20%. Such high dividend yields are rarely sustainable. We highlight 3 REITs that will likely cut their dividend.

Sell Alert: 3 REITs That Likely Will Cut Their Dividends

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

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

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

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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

Ares Capital

Franklin BSP Realty Trust Inc

Golub Capital BDC

Invesco KBW Premium Yield Equity REIT ETF

VanEck Mortgage REIT Income ETF

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

News for Granite Point Mortgage Trust Stock (GPMT)