Welcome to our dedicated page for Granite Point Mo news (Ticker: GPMT), a resource for investors and traders seeking the latest updates and insights on Granite Point Mo stock.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) is a Maryland corporation that focuses on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. This news page aggregates the company’s press releases and related coverage so readers can follow how its commercial real estate loan portfolio and capital structure evolve over time.
Granite Point’s news flow frequently includes quarterly financial results, dividend declarations for its common stock and 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, and detailed business updates. These updates describe loan portfolio activity such as fundings on existing commitments, full and partial loan repayments, resolutions of nonaccrual and risk-rated 5 loans, and changes in real estate owned (REO) assets, including property sales and refinancings.
Investors can also track announcements about Granite Point’s financing arrangements, including extensions of repurchase facilities and its secured credit facility, changes in financing spreads and borrowings, and amendments to key agreements such as its Master Repurchase and Securities Contract Agreement and related guarantees. Earnings releases provide insights into net interest income, provisions for or benefits from credit losses, realized loan portfolio yields, CECL reserves and non-GAAP metrics like Distributable Earnings (Loss).
In addition, Granite Point regularly announces dates and access details for its quarterly earnings conference calls and webcasts, along with references to supplemental investor presentations. By reviewing the news items on this page, followers of GPMT can see how management reports on portfolio repositioning, REO activity, share repurchases and other developments that shape the company’s commercial real estate debt platform.
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Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced it will release its financial results for the quarter ended
Granite Point Mortgage Trust (GPMT) announced the refinancing of approximately $269 million in senior loans, generating about $85 million in net proceeds after repaying $98 million of borrowings from a legacy CLO facility. The refinancing enhanced liquidity and improved liability efficiency. GPMT also increased its borrowing capacity on a repurchase financing facility with JPMorgan to $425 million. As of March 22, 2023, the company reported holding $218 million in unrestricted cash. CEO Jack Taylor emphasized the significance of this move in a challenging market, aiming to benefit stockholders.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) has announced a quarterly cash dividend of
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced its 2023 Annual Meeting of Stockholders will occur virtually on June 1, 2023, at 10:00 a.m. Eastern Time. This virtual format aims to enhance accessibility for stockholders. Those eligible to vote include stockholders of record as of April 3, 2023. Participants can join via www.virtualshareholdermeeting.com/GPMT2023. A replay of the meeting will be available for one year post-event. Granite Point focuses on originating and managing senior floating rate commercial mortgage loans and is headquartered in New York.
Granite Point Mortgage Trust (NYSE: GPMT) reported its Q4 and full-year 2022 financial results, highlighting a GAAP net loss of $(9.9) million or $(0.19) per share for Q4 and $(55.3) million or $(1.04) per share for the full year. The Distributable Earnings for the full year was $14.7 million, translating to $0.28 per share. The company declared a cash dividend of $0.20 per share and successfully closed $1 billion in loan repayments during 2022. With a diversified loan portfolio of $3.6 billion and a weighted average yield of 8.4%, Granite Point aims to protect its balance sheet amid market volatility.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced it will release financial results for the year ended December 31, 2022, after market close on February 23, 2023. A conference call to discuss these results is scheduled for February 24, 2023, at 11:00 a.m. ET. Investors can participate via phone or listen online through the company’s website. Additionally, a playback of the call will be available from February 24 to March 10, 2023. Granite Point specializes in originating and managing senior floating rate commercial mortgage loans.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced the tax treatment for its common and preferred stock dividends declared in 2022. The total cash distribution was $0.950 for common stock and $1.750 for preferred stock, with no part of the dividends classified as excess inclusion income. Notably, the cash dividend of $0.200 is payable on January 17, 2023, but will be reported on the 2023 Form 1099 due to its classification under specific IRS rules. Investors are urged to consult their tax advisors for personalized tax implications.
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