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

Medical Properties Trust

Annaly Capital

Over the last decade, our team has had a good batting average when it comes to avoiding sucker yield stocks. However, nobody is perfect when it comes to predicting dividend cuts.

My Oh My, You Better Not Buy

Autoliv

Aramark

Atlantic Union Bankshares Corp

Axalta Coating Systems

Dycom Industries

Fair Isaac

Franklin Street Properties Corp.

Hanesbrands

Hilton Grand Vacations

Hersha Hospitality Trust Class A

JBG SMITH Properties

Kennametal

Kennedy-Wilson Holdings

Lumen Technologies

NexTier Oilfield Solutions Inc

Pebblebrook Hotel Trust

Park Electrochemical

Radian Group

SL Green Realty

S&P Global

Starwood Property

Unisys

US Foods Holding

Valaris Ltd

NEW YORK , March 3, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 20, to coincide with the quarterly rebalance. The changes are being made to ensure each index is more representative of its market capitalization range.

Fair Isaac & Co. Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will hold its 2023 Annual Meeting of Stockholders virtually on June 1, 2023, beginning at 10:00 a.m. Eastern Time. We believe that hosting a virtual annual meeting will make our annual meeting more accessible for all of our stockholders.

Granite Point Mortgage Trust Inc. Announces 2023 Annual Meeting of Stockholders

Office heavy mortgage REITs have come under a lot of pressure in 2022. Granite Point is no different and although it already cut its dividend by 20% in Q4, I see another large cut on the horizon.

Granite Point Mortgage Trust: Dividend Cut Is Inevitable

Granite Point's payout to its common shareholders is facing pressure and was recently cut by 20%. The reduced payout still represents a just over 13% yield that was still not covered by distributable earnings from the last reported quarter.

Granite Point Mortgage: The Preferreds Offer A Stable 9.5% Yield

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ET Company Participants Chris Petta - IR Jack Taylor - President and CEO Steve Alpart - Chief Investment Officer and Co-Head of Originations Marcin Urbaszek - CFO Peter Morral - Chief Development Officer and Co-Head of Originations Steve Plust - Chief Operating Officer Conference Call Participants Doug Harter - Credit Suisse Steve Delaney - JMP Securities Jade Rahmani - Keefe, Bruyette, & Woods Operator Good morning. My name is Diego, and I will be your conference facilitator.

Granite Point Mortgage Trust Inc. (GPMT) Q4 2022 Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -188.89% and 8.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Granite Point Mortgage Trust (GPMT) Reports Q4 Loss, Tops Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2022 Financial Results and Post Quarter-End Update

Arlington Asset Investment

ACRES Commercial Realty Corp.

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

Ares Capital

ARMOUR Residential REIT

Blackstone Mortgage Trust

Cherry Hill Mortgage

Chimera Investment

Capital Southwest

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

Franklin BSP Realty Trust Inc

FS KKR Capital Corp

Gladstone Investment

Golub Capital BDC

Invesco Mortgage Capital

Invesco KBW Premium Yield Equity REIT ETF

Main Street Capital

Slash to 11% or 12% incoming. Shares already dipped some, though many investors don't know about the cut yet.

16% Dividend Yield Slash Incoming

Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

Big unsustainable yield at a premium valuation. This share isn't for investors, it's for suckers. The valuation is at historically high levels. People who keep holding onto shares are not investing.

Dump This Fat 16% Yield Before The Cut

NEW YORK--( BUSINESS WIRE )-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the tax treatment of common and preferred stock dividends declared in 2022. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2022 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax consequences.

Granite Point Mortgage Trust Inc. Announces 2022 Dividend Tax Information

Similar shares at different valuations are the basis for alpha. The research is so hard, it requires adding dividends or looking at a chart.

A Painfully Obvious Dividend Choice

NEW YORK--( BUSINESS WIRE )-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it has appointed Sheila K. McGrath as an independent member of its Board of Directors. With the addition of Ms. McGrath, the Granite Point Board comprises six directors, five of whom are independent.

Granite Point Mortgage Trust Inc. Appoints Sheila K. McGrath to the Board of Directors

We're contrasting two sets of investments where one is demonstrably better than the other. Market prices are not efficient. Sometimes investors leave a nice chunk of change on the table.

Dueling Dividends

Dividend yields: 7.8% to 15%. Dramatic discounts to net asset value. Price to NAV range: .36 to .86.

High-Yield Shares On Sale Today

Rithm Capital Corp

Four picks. Three big yields. 9.8% to 17.3%. The one over 17% clearly has more risk. Discounts range from 27% to 61%. That creates dramatic upside in the shares.

3 High-Yield Picks At Big Discounts

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 fourth quarter of 2022. This dividend will be payable on January 17, 2023, to common stockholders of record as of December 30, 2022.

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2022 Common and Preferred Stock Dividends

Granite Point Mortgage had to place more loans on the non-accrual status and record additional loan loss provisions. One of the troubled loans was restructured subsequent to the end of Q3, but GPMT had to take a haircut.

Granite Point Mortgage Trust Now Offers A 15% Yield - But For How Much Longer?

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q3 2022 Earnings Conference Call November 9, 2022 11:00 AM ET Company Participants Chris Petta - IR Jack Taylor - President and CEO Steve Alpart - Chief Investment Officer and Co-Head of Originations Marcin Urbaszek - CFO Conference Call Participants Doug Harter - Credit Suisse Steve Delaney - JMP Securities Operator Good morning. My name is Jason.

Granite Point Mortgage Trust Inc. (GPMT) Q3 2022 Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -19.05% and 17.22%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Granite Point Mortgage Trust (GPMT) Q3 Earnings and Revenues Lag Estimates

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2022 Financial Results and Post Quarter-End Update

Granite Point Mortgage Trust Inc. Reports Third Quarter 2022 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2022 Earnings Release and Conference Call

Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2022 Common and Preferred Stock Dividends

Granite Point Mortgage Trust Inc. Announces Third Quarter 2022 Common and Preferred Stock Dividends

GPMT owns a portfolio of senior floating-rate commercial real estate mortgage debt. The underlying result for Q2 was okay, but the dividend on the common shares isn't fully covered.

Granite Point Mortgage's Preferred Shares Offer A 10% Yield To Call

News for Granite Point Mortgage Trust Stock (GPMT)