Granite Point Mortgage Trust NYSE: GPMT reported a second-quarter GAAP net loss attributable to common stockholders of $62 million, or $1.29 per basic common share, as the commercial real estate lender increased credit-loss reserves and recorded an impairment on real estate owned assets.
Granite Point Mortgage Trust Inc. (GPMT) Q2 2026 Earnings Call Transcript
Granite Point Mortgage Trust (GPMT) came out with a quarterly loss of $0.79 per share versus the Zacks Consensus Estimate of a loss of $0.18. This compares to a loss of $0.94 per share a year ago.
Granite Point Mortgage Trust (GPMT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Granite Point Mortgage Trust (GPMT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Granite Point Mortgage Trust NYSE: GPMT reported a first-quarter loss as management said it remains focused on resolving legacy loans, reducing higher-cost debt and preparing to restart portfolio growth later in 2026.
Granite Point Mortgage Trust Inc. (GPMT) Q4 2025 Earnings Call Transcript
Granite Point Mortgage Trust's loan portfolio is stabilizing, with book value losses slowing and portfolio stress likely past its peak. Recent management loan loss forecasts have been accurate. If the bulk of the surprise write-offs are behind us, GPMT's current discount to book value is too extreme.
Granite Point Mortgage Trust is showing early signs of operational improvement, with YoY net interest income growth despite ongoing sector headwinds. GPMT's balance sheet has de-risked, with shrinking liabilities and assets, and a $375M common equity cushion above preferreds. The Series A preferred shares, GPMT.PR.A, offer an attractive yield, potentially resetting to 11.6% post-call date if SOFR remains elevated.
Granite Point Mortgage Trust generated negative distributable earnings of $0.40 per share during the recent third quarter, ramping up the risk of its 7.25% dividend yield. The mREIT saw its book value per share dip by 5 cents sequentially to $7.94 per share, with the common shares currently trading at a 65% discount to this figure. GPMT's Series A Preferreds have seen their discount to liquidation value per share narrow significantly since the spring and currently pay a fixed dividend yield of 8.86%.
Granite Point Mortgage Trust Inc. ( GPMT ) Q3 2025 Earnings Call November 6, 2025 11:00 AM EST Company Participants Chris Petta - Investor Relations Officer Jack Taylor - President, CEO & Director Stephen Alpart - VP, Chief Investment Officer & Co-Head of Originations Blake Johnson - VP, CFO & Treasurer Presentation Operator Good morning. My name is Alicia, and I'll be your conference facilitator.
Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q2 2025 Earnings Conference Call August 6, 2025 11:00 AM ET Company Participants Blake N. Johnson - VP, CFO & Treasurer Chris Petta - Investor Relations Officer John A.