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Granite Point Mortgage Trust Inc. - GPMT STOCK NEWS

Welcome to our dedicated page for Granite Point Mortgage Trust news (Ticker: GPMT), a resource for investors and traders seeking the latest updates and insights on Granite Point Mortgage Trust stock.

Granite Point Mortgage Trust Inc. (GPMT) is a publicly traded Maryland corporation specializing in the direct origination, investment, and management of senior floating-rate commercial mortgage loans and other debt-related commercial real estate investments. The company is known for its long-term, fundamental value-oriented investment strategy, focusing on building a diversified and rigorously underwritten investment portfolio.

Granite Point's core business revolves around providing intermediate-term bridge or transitional financing solutions for various purposes, including acquisitions, recapitalizations, refinancing, and property renovations. Typically, the firm targets floating-rate senior commercial real estate loans with terms ranging from three to five years and loan sizes between $25 million and $150 million.

The company's investment approach is meticulous, assessing each loan on a case-by-case basis to ensure it meets stringent credit standards and offers substantial value compared to other market opportunities. This selectivity and focus on individual loan assessment help Granite Point maintain a robust and balanced portfolio.

Recent achievements include strategic partnerships and successful completion of notable financing projects, underscoring Granite Point's commitment to fostering strong market relationships and sustaining growth. The company's financial performance is supported by its selective investment criteria and proactive management strategies, ensuring steady returns for investors.

For stakeholders and potential investors seeking current updates and in-depth information, Granite Point frequently provides news and insights related to its financial health, ongoing projects, and market activities. This transparency helps maintain investor trust and underscores the company's dedication to clear communication and responsible management.

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Granite Point Mortgage Trust Inc. (GPMT) announces its 2024 Annual Meeting of Stockholders to be held virtually on June 6, 2024. Stockholders can participate online and vote on key matters. The meeting aims to enhance accessibility for all stockholders.
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Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced its financial results for Q4 and full year 2023, highlighting prudent business management during challenging market conditions. The company saw over $725 million in loan repayments, reduced office exposure by 30%, and maintained leverage below target levels. GPMT also repurchased securities due to attractive value.
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Granite Point Mortgage Trust Inc. (GPMT) will release financial results for the quarter and full year ended December 31, 2023, after market close on February 14, 2024. The Company will host a conference call to review the financial results on February 15, 2024, at 11:00 a.m. ET. Participants can join the teleconference by calling toll-free (877) 407-8031, or (201) 689-8031 for international callers. The call will also be available for playback and archived on the company’s website.
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Granite Point Mortgage Trust Inc. (NYSE: GPMT) has announced the tax treatment of common and preferred stock dividends declared in 2023. The company provided detailed information on the Federal income tax classification of its 2023 common and preferred stock distributions, including specific figures and dates. Stockholders are encouraged to consult with their tax advisors due to the individual nature of tax consequences.
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Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced a quarterly cash dividend of $0.20 per share of common stock and $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the fourth quarter of 2023. The company also resolved a $93 million nonaccrual loan, repurchased 1 million shares of common stock, funded $15 million on existing loan commitments, and realized over $275 million in loan repayments, paydowns, and resolutions. The company carried over $190 million in unrestricted cash as of December 18th.
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Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported Q3 2023 financial results, including a GAAP Net Loss of $(24.5) million and a Book value per common share of $13.28. The company also provided an update on its activities subsequent to quarter-end, highlighting its strong liquidity and ongoing proactive resolutions of nonaccrual loans.
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Granite Point Mortgage Trust Inc. (NYSE: GPMT) will release financial results for Q3 2023 on November 7, 2023, with a conference call to review the results on November 8, 2023.
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Granite Point Mortgage Trust Inc. declares quarterly cash dividends for Q3 2023.
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Granite Point Mortgage Trust Inc. announces strong Q2 2023 financial results and provides update on activities. GPMT had Pre-loss Distributable Earnings of $0.20 per share, covering common stock dividend. Book value per common share is $13.93. Cash dividend of $0.20 per common share and $0.4375 per share of Series A preferred stock. Portfolio of $3.3 billion with 99% senior loans and 98% floating rate. Total CECL reserve of approx. $134.6 million. Acquired 100% ownership in a Phoenix office property. Extended maturities of financing facilities. Ended quarter with over $235 million in cash. Funded $9.7 million in Q3 and received $22.6 million in loan payoffs. Extended J.P. Morgan financing facility to July 2025. Carried over $225 million in unrestricted cash as of August 7th.
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FAQ

What is the current stock price of Granite Point Mortgage Trust (GPMT)?

The current stock price of Granite Point Mortgage Trust (GPMT) is $3.52 as of November 22, 2024.

What is the market cap of Granite Point Mortgage Trust (GPMT)?

The market cap of Granite Point Mortgage Trust (GPMT) is approximately 178.3M.

What is Granite Point Mortgage Trust Inc.?

Granite Point Mortgage Trust Inc. (GPMT) is a Maryland corporation that specializes in originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt-related real estate investments.

What type of financing does Granite Point provide?

Granite Point primarily offers intermediate-term bridge or transitional financing for purposes such as acquisitions, recapitalizations, refinancing, and property renovations.

What is the typical loan size and term provided by Granite Point?

Granite Point usually targets loans ranging from $25 million to $150 million with terms of three to five years.

How does Granite Point select its investments?

Granite Point selects its investments based on rigorous credit underwriting, selectivity, and diversification, assessing each loan from a fundamental value perspective relative to market opportunities.

What recent achievements has Granite Point reported?

Granite Point has reported strategic partnerships and the successful completion of significant financing projects, demonstrating its commitment to growth and market presence.

How does Granite Point communicate with its investors?

Granite Point provides regular updates and insights on its financial performance, projects, and market activities to maintain transparency and investor trust.

What is Granite Point's investment strategy?

Granite Point follows a long-term, fundamental value-oriented investment strategy, constructing a diversified portfolio through careful loan-by-loan assessment.

How does Granite Point ensure the quality of its investment portfolio?

Granite Point ensures portfolio quality through selective investment practices, rigorous credit underwriting, and a focus on diversification.

What kind of properties does Granite Point finance?

Granite Point provides financing for a range of business plans, including lease-up, renovation, repositioning, and repurposing of commercial properties.

Where can investors find the latest news about Granite Point?

Investors can find the latest news and updates about Granite Point on their official website and through financial news platforms that cover market developments.

Granite Point Mortgage Trust Inc.

NYSE:GPMT

GPMT Rankings

GPMT Stock Data

178.35M
48.65M
2.53%
50.76%
2.49%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
NEW YORK