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.

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

Ares Commercial Real Estate

AGNC Investment

Ares Capital

Blackstone Mortgage Trust

Chimera Investment

Capital Southwest

Dynex Capital

Ellington Financial

Franklin BSP Realty Trust Inc

Main Street Capital

Annaly Capital

New York Mortgage Trust

PennyMac Mortgage Investment

Ready Capital Corp

Rithm Capital Corp

Two Harbors Investment

We spotted a new baby bond that was particularly appealing. A discount to face value drove yields higher. When we consider these high-yielding investments, it's important to carefully compare them with other opportunities. We'll do that here. We closed out one of our other high-yielding positions to lock in a substantial gain.

9%+ Yields For Bigger Income

Granite Point Mortgage Trust (GPMT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Granite Point Mortgage Trust (GPMT) Upgraded to Buy: Here's Why

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

Crown Castle International

Quick takes on 7 mortgage REITs and 3 equity REITs.

10 REITs In Under 5 Minutes

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

Global Net Lease

NexPoint Real Estate Finance

Orion Office REIT

Office Properties Income Trust

Uniti Group

This year, the stock market adage “sell in May and go away” may hold very true, especially when it comes to the real estate investment trusts (REITs) best categorized as REITs to sell. These are the REITs that are facing the greatest challenges from the two major factors affecting the sector.

7 REITs to Sell in May Before They Crash and Burn

Cherry Hill Mortgage

Bernie Madoff's Ponzi scheme is a cautionary tale about "sucker yields" and unrealistic returns in investment opportunities. Financial analyst Harry Markopolos was able to identify Madoff's fraud through mathematical modeling and the suspicious consistency of his returns. Investors should be skeptical of promises of high returns and thoroughly investigate investment opportunities to avoid falling victim to Ponzi schemes or unsustainable yields.

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

ARMOUR Residential REIT

MFA Financial

AG Mortgage Investment Trust

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.

10% Yields Or Higher

Orchid Island Capital

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

Aberdeen Income Credit Strategies Fund

AFC Gamma

Berry Petroleum Corp.

CION Investment Corp

Diana Shipping

Eagle Point Credit

Fidus Investment

Gladstone Investment

Invesco Mortgage Capital

KKR Real Estate Finance Trust

Medical Properties Trust

Oxford Lane Capital

TCP Capital

TPG RE Finance Trust

CVR Partners

CVR Partners, LP (NYSE: UAN) manufactures and supplies nitrogen fertilizer products like ammonia and urea ammonium nitrate for agricultural and industrial uses.

Want 3000 In Passive Income? Invest 750 Into These 22 Dividend Stocks

DiaMedica Therapeutics Inc

Nextcure

Payoneer Global

Purple Innovation

Petco Health and Wellness

Terawulf

The bullish sentiment in the market is leading some investors to look at risk-on assets. Bitcoin may be an option, but for investors who prefer to stay in stocks, it may be time to look for some of the analysts' favorite penny stocks.

Wall Street's Favorite Penny Stocks? 7 Names That Could Make You Filthy Rich

Sixth Street Specialty Lending

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

Want $20,000 In Passive Income? Invest $50,000 Into These 3 Dividend Stocks

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

Triplepoint Venture Growth BDC

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

CVR Energy

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.

Want $4000 In Passive Income? Invest $1250 Into These 24 Dividend Stocks

Passive income can seem too good to be true! Money in your pocket for doing nothing?

Want $3000 in Passive Income? Invest $2000 into These 9 Dividend Stocks

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

News for Granite Point Mortgage Trust Stock (GPMT)