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. (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.
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.
Granite Point Mortgage Trust (NYSE: GPMT) released its Q1 2022 business updates, showcasing progress in strategic priorities and enhancing capital access. The company resolved three out of four nonaccrual loans, improving its credit profile. GPMT's forward pipeline includes over $330 million in senior floating-rate loans, with initial fundings exceeding $295 million. Notably, a $54 million office loan in Washington D.C. was resolved, resulting in a $10 million loss. As of March 18, 2022, GPMT reported $138.8 million in cash, bolstering its liquidity and investment potential.
Granite Point Mortgage Trust (NYSE: GPMT) has announced a quarterly cash dividend of
Granite Point Mortgage Trust Inc. (NYSE: GPMT) will hold its 2022 Annual Meeting of Stockholders virtually on June 2, 2022, at 10:00 a.m. Eastern Time. This virtual format aims to enhance accessibility for all stockholders. Eligible stockholders can participate by logging in with a 16-digit control number provided in proxy materials. The meeting will allow stockholders to vote and submit questions. A replay will be available for one year post-meeting. Granite Point focuses on originating and managing senior floating rate commercial mortgage loans.
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