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.
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.
Granite Point Mortgage Trust (GPMT) reported a GAAP net loss of $(29.1) million or $(0.56) per share for Q3 2022, with a significant provision for credit losses of $(35.4) million. However, distributable earnings reached $8.7 million, or $0.17 per share. The book value per share stands at $15.24, including a $(1.63) per share reserve. GPMT also declared a cash dividend of $0.25 per share. The company managed a portfolio worth $3.9 billion, mostly consisting of senior loans, and ended Q3 with over $165 million in cash. Subsequent to Q3, GPMT successfully resolved a $114.1 million non-accrual loan.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced it will release its financial results for the quarter ended September 30, 2022, after market close on November 8, 2022. A conference call to discuss these results will take place on November 9, 2022, at 11:00 a.m. ET. Interested participants can join the call by dialing in or listening via the company’s website. Granite Point focuses on originating and managing senior floating rate commercial mortgage loans and other debt-related investments, and is based in New York, NY.
Granite Point Mortgage Trust declared a quarterly cash dividend of $0.25 per common share for Q3 2022, payable on October 17, 2022, to stockholders of record as of October 3, 2022. Additionally, a dividend of $0.4375 per share for the Series A Preferred Stock was announced, also payable on October 17, 2022. Granite Point focuses on originating and managing senior floating-rate commercial mortgage loans and other debt investments, headquartered in New York, NY.
Granite Point Mortgage Trust (NYSE: GPMT) reported a GAAP net loss of $(17.4) million, or $(0.32) per share, for Q2 2022, impacted by a $(13.0) million loss on debt extinguishment and $(13.6) million in credit loss provisions. Distributable Earnings stood at $11.7 million, or $0.22 per share. The company declared a cash dividend of $0.25 per share and ended the quarter with a portfolio of $4.2 billion, predominantly in senior loans. Notably, cash on hand increased to over $150 million, and significant refinancing efforts have bolstered liquidity, raising over $180 million.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) will release its financial results for Q2 2022 on August 8, 2022, after market close. A conference call is scheduled for August 9, 2022, at 11:00 a.m. ET to discuss these results. Interested participants can join the call by calling toll-free (833) 255-2835 or accessing it online via the company’s website. The call will be archived for playback from August 9 to August 16, 2022. Granite Point Mortgage Trust, based in New York, focuses on commercial mortgage loans and debt-like investments.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced a quarterly cash dividend of $0.25 per share for Q2 2022, payable on July 15, 2022, to stockholders of record as of July 1, 2022. Additionally, the company declared a dividend of $0.4375 per share for its Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also payable on July 15, 2022, to preferred stockholders of record on July 1, 2022. Granite Point primarily focuses on managing senior floating-rate commercial mortgage loans and other related investments.
Granite Point Mortgage Trust (GPMT) reported a GAAP net income of $1 million, or $0.02 per share, for Q1 2022. The results reflect a charge of $(5.8) million due to early debt extinguishment and $(3.7) million in credit loss provisions. Distributable Earnings reached $2.6 million, or $0.05 per share after a $(10.1) million loan write-off. The company declared a cash dividend of $0.25 per share and has a portfolio worth $4.2 billion, predominantly in senior loans. Recent strategic measures are aimed at enhancing earnings and mitigating impacts from rising rates.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced the refinancing of approximately
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced it will release its financial results for Q1 2022 after market close on May 10, 2022. A conference call will take place on May 11, 2022, at 11:00 a.m. ET to discuss these results. Interested parties can participate by calling toll-free, and the teleconference will be available for playback from May 11 through May 18.
Granite Point focuses on originating and managing senior floating rate commercial mortgage loans and other debt-like investments.
FAQ
What is the current stock price of Granite Point Mo (GPMT)?
What is the market cap of Granite Point Mo (GPMT)?
