Granite Point Mo Stock Price, News & Analysis

Granite Point Mortgage Trust (NYSE: GPMT) has declared quarterly dividends for both common and preferred stockholders. Common stockholders will receive $0.05 per share, while Series A Preferred stockholders will receive $0.4375 per share, both payable on October 15, 2025.

The company provided key business updates including the $3.4 million partial paydown on a Chicago property loan, resolution of a $50 million Louisville student housing loan, and extension of their secured credit facility to December 2026 with improved terms. GPMT has funded $9.7 million in existing loans and received $65.5 million in repayments during the quarter. The company maintains $64.3 million in unrestricted cash.

Granite Point Mortgage Trust (NYSE: GPMT) reported its Q2 2025 financial results, posting a GAAP net loss of $(17.0) million, or $(0.35) per basic share, including an $(11.0) million provision for credit losses. The company's book value per share stood at $7.99, with a $(3.27) per share CECL reserve.

Key highlights include the resolution of five risk-rated loans year-to-date, the sale of an REO office property in Phoenix, and the repurchase of 1.25 million common shares at $2.48 per share. The company maintains a $1.9 billion loan portfolio, predominantly in senior floating-rate loans with a 64.7% weighted average stabilized LTV. Post-quarter, GPMT resolved a $50.0 million nonperforming student housing loan and extended its secured credit facility to December 2026.

Granite Point Mortgage Trust (NYSE: GPMT) has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 financial results on August 5, 2025, after market close, followed by a conference call on August 6, 2025, at 11:00 a.m. ET.

Investors can participate via phone by calling (877) 407-8031 (domestic) or (201) 689-8031 (international). A playback will be available from August 6 at 1:00 p.m. ET through August 20 at 12:00 a.m. ET. The webcast can be accessed at www.gpmtreit.com in the Investors section.

Granite Point Mortgage Trust (NYSE: GPMT) has declared Q2 2025 dividends and provided a business update. The company announced a quarterly cash dividend of $0.05 per common share and $0.4375 per Series A Preferred share, both payable on July 15, 2025. The company reported significant portfolio repositioning, including the resolution of two nonaccrual loans: a $79.9M mixed-use property loan in Baton Rouge with a $20.8M write-off, and a $52.2M hotel loan in Minneapolis with a $15.4M write-off. GPMT repurchased 1.25M common shares at $2.48 per share, totaling $3.1M. The company extended repurchase facilities by one year, funded $10.7M in existing loans, received $32.4M in repayments, and maintains $70M in unrestricted cash. An REO office property in Phoenix is expected to be sold soon near GAAP carrying value.

Granite Point Mortgage Trust (NYSE: GPMT) reported its Q1 2025 financial results, posting a GAAP net loss of $(10.6) million, or $(0.22) per share. The company experienced a Distributable Loss of $(27.7) million or $(0.57) per share. GPMT made progress in resolving troubled assets, with three risk-rated 5 loans resolved and a fourth closing soon, totaling approximately $230 million. The company received $107 million from loan repayments, including three office property loans. The loan portfolio, valued at $2.0 billion, is 98% floating rate and comprises over 99% senior loans. GPMT maintained a book value per share of $8.24 and declared a common stock dividend of $0.05. The company repurchased 0.9 million shares at an average price of $2.84, resulting in book value accretion of $0.10 per share. Post-quarter, GPMT extended all repurchase facilities by approximately one year and expects to close additional loan resolutions.

Granite Point Mortgage Trust (NYSE: GPMT) has announced its Q1 2025 earnings release date for May 6, with a conference call scheduled for May 7. The company provided key business updates, including:

As of April 28, 2025, GPMT holds $74 million in unrestricted cash and has extended all repurchase facilities' maturities by approximately one year. The company has achieved $70 million in loan repayments year-to-date, including a full office loan repayment, and expects additional repayments up to $90 million, mainly from office loans.

Financial highlights include the resolution of two risk-rated "5" loans, with two more expected soon. The company projects a Q1 2025 GAAP net loss of $(10.6) million, or $(0.22) per basic share, including a $(3.8) million provision for credit losses. Estimated book value per common share stands at $8.24 as of March 31, 2025.

Granite Point Mortgage Trust (NYSE: GPMT) has declared quarterly dividends for Q1 2025, with $0.05 per common share and $0.4375 per Series A Preferred share, both payable on April 15, 2025. The company reported significant developments in Q1, including:

- Repurchased 0.8M common shares at $2.85/share ($2.3M total)
- Took REO of Miami Beach office property ($71M carrying value)
- Resolved Boston office loan through property sale ($26.1M principal)
- Funded $5.9M in existing loans
- Realized $72.6M in loan repayments
- Maintains $82.4M in unrestricted cash

The company expects write-offs of approximately $7.9M and $16.6M from the Miami and Boston properties respectively, both covered by existing credit loss allowances.

Granite Point Mortgage Trust (NYSE: GPMT) has announced its 2025 Annual Meeting of Stockholders, scheduled for June 5, 2025, at 10:00 a.m. Eastern Time. The meeting will be held virtually, accessible via www.virtualshareholdermeeting.com/GPMT2025.

Stockholders of record as of April 7, 2025 will be eligible to vote and submit questions during the virtual meeting using their 16-digit control number. The company recommends logging in fifteen minutes before the start time. A replay of the meeting will be available for one year at the same virtual address.