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. originates, invests in and manages senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Company news commonly covers quarterly results, loan portfolio commitments, repayments, resolutions of risk-rated loans, CECL reserves, portfolio yield, leverage and repurchase financing costs.
Updates also include common and preferred stock dividends, dividend tax information, share repurchases, unrestricted cash, annual meeting matters and business updates tied to commercial real estate credit performance. The company's reports frequently discuss bridge and transitional financing exposure, loan risk ratings and balance-sheet actions affecting its mortgage REIT portfolio.
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Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced it will release its financial results for the quarter ended March 31, 2023 after market close on May 9, 2023. A conference call to discuss these results is scheduled for May 10, 2023, at 11:00 a.m. ET. Interested parties can listen in via phone or through the company’s website. GPMT, based in location value="LU/us.ny.nyc"New York, NY, focuses on originating and managing senior floating rate commercial mortgage loans and other debt-related investments. Investors can find more detailed information on GPMT's operations and performance on its website and the SEC's site.
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 $0.20 per share for Q1 2023, payable on April 17, 2023, to shareholders on record as of April 3, 2023. Additionally, a dividend of $0.4375 per share will be issued for its 7.00% Series A Preferred Stock on the same date. The company specializes in originating and managing senior floating-rate commercial mortgage loans and is headquartered in location value="LU/us.ny.nyc"New York, NY.
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.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced the appointment of Sheila K. McGrath as an independent board member. McGrath, a veteran in the REIT industry with over 25 years of experience, aims to enhance stockholder value through her financial expertise. The board now consists of six members, five of whom are independent. The chairman expressed confidence that her insights will benefit Granite Point's disciplined investment strategy. McGrath previously held senior roles at Evercore ISI and Keefe, Bruyette & Woods, and is an active participant in the NAREIT.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) declared a quarterly cash dividend of $0.20 per share for Q4 2022, payable on January 17, 2023, to stockholders of record as of December 30, 2022. Additionally, a dividend of $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock was also declared, with the same payment date and record date. Granite Point, headquartered in New York, focuses on originating and managing senior floating-rate commercial mortgage loans.