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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NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2021 Dividend Tax Information

Granite Point Mortgage Trust Inc. Announces 2021 Dividend Tax Information

Arlington Asset Investment

Eagle Point Credit

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Cr 6.75 % Notes 2017-30.09.27

New Residential Investment

Oxford Lane Capital

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

XAI Octagon Floating Rate & Alternative Income Term Trust

We take a look at the action in preferreds and baby bonds through the third week of January and highlight some of the key themes we are watching.

Preferreds Market Weekly Review: Gauging Risk/Reward Of Debt Vs. Preferreds

NEW YORK--(BUSINESS WIRE)--GPMT Announces Pricing of Public Offering of Additional Shares of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Granite Point Mortgage Trust Inc. Announces Pricing of Public Offering of Additional Shares of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

NEW YORK--(BUSINESS WIRE)--GPMT Announces Launch of Public Offering of Additional Shares of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Granite Point Mortgage Trust Inc. Announces Launch of Public Offering of Additional Shares of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2021 Common Stock and Preferred Stock Dividends and Business Update

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2021 Common Stock and Preferred Stock Dividends and Business Update

AGNC 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

Apollo Investment

Blackstone Mortgage Trust

Cherry Hill Mortgage

Chimera Investment

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

Franklin BSP Realty Trust Inc

FS KKR Capital Corp

Gladstone Investment

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Golub Capital BDC

Invesco Mortgage Capital

Invesco KBW Premium Yield Equity REIT ETF

Main Street Capital

MFA Financial

AG Mortgage Investment Trust

VanEck Mortgage REIT Income ETF

Readers on Seeking Alpha are becoming more familiar with mortgage REITs.

6 Quick Lessons About Big Dividend Yields

In this article, we highlight the recently issued 7% Series A Preferred (GPMT.PA). The stock features double-digit equity coverage - the highest in the mREIT space with relatively low recourse leverage.

Granite Point Mortgage Trust: The Preferred Benefits From A Robust Track Record

Ares Capital

ARMOUR Residential REIT

Why My Fat Dividend Income Is Better Than Yours

Argo Blockchain PLC

Atlanticus Holdings

Brighthouse Financial

Enterprise Financial Services

Fossil Group

First Republic

Hudson Pacific Properties

New York Mortgage Trust

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Bank OZK

PhenixFIN

Public Storage

Tellurian

As November 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4% to 8.75%. Here is a comparison against highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric

New Preferred Stock IPOs, November 2021

Granite Point's net interest income has been a bit disappointing this year due to an expensive senior secured term loan. GPMT is now issuing preferred equity with a cost of capital of 7% to retire debt with an 8% cost of capital.

Granite Point Mortgage Issues An Interesting 7% Preferred Share

Do you want to eat a major drop in the share price that requires several years worth of dividends to recover?

3 Big Dividend Yields At Nosebleed Prices

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Pricing of Public Offering of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Granite Point Mortgage Trust Inc. Announces Pricing of Public Offering of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Launch of Public Offering of Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Granite Point Mortgage Trust Inc. Announces Launch of Public Offering of Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Closing of $621 Million Commercial Real Estate CLO

Granite Point Mortgage Trust Inc. Announces Closing of $621 Million Commercial Real Estate CLO

Granite Point Mortgage Trust's (GPMT) CEO Jack Taylor on Q3 2021 Results - Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -10.00% and -0.44%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Granite Point Mortgage Trust (GPMT) Misses Q3 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2021 Financial Results and Post Quarter-End Update

Granite Point Mortgage Trust Inc. Reports Third Quarter 2021 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Pricing of $621 Million Commercial Real Estate CLO

Granite Point Mortgage Trust Inc. Announces Pricing of $621 Million Commercial Real Estate CLO

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2021 Earnings Release and Conference Call

Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2021 Earnings Release and Conference Call

ACRES Commercial Realty Corp.

Apollo Commercial Real Estate Finance

Lument Finance Trust

Like most publicly traded companies, the Q3 earnings results are underway. While mortgage REITs carry high dividend yields, investors need to look much deeper for analysis.

Mortgage REIT Earnings Begin

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Cash Settlement of Warrants and Third Quarter 2021 Business Update

Granite Point Mortgage Trust Inc. Announces Cash Settlement of Warrants and Third Quarter 2021 Business Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2021 Common Stock Dividend and Business Update

Granite Point Mortgage Trust Inc. Announces Third Quarter 2021 Common Stock Dividend and Business Update

Capstead Mortgage

Gladstone Investment Corporation - 6.375% PRF REDEEM 31/08/2025 USD 25 - Ser E

NRZ raised their dividend by 25% with the acquisition of Caliber. The price roared higher as investors caught on. Price-to-book ratios on TWO and CHMI are still higher than for NRZ and PMT. That's funny because it shouldn't be that way.

Dividend Boosts Drive Yields Higher

GPMT has seen material share price weakness in recent months.

Granite Point Mortgage: 7.4% Yield, 22% Discount

News for Granite Point Mortgage Trust Stock (GPMT)