Granite Point Mortgage Trust Inc
$ 1.25
-16.67%
06 Aug - close price
- Market Cap 71,879,000 USD
- Current Price $ 1.25
- High / Low $ 1.36 / 1.23
- Stock P/E N/A
- Book Value 11.35
- EPS -1.07
- Next Earning Report -
- Dividend Per Share $0.20
- Dividend Yield 13.7 %
- Next Dividend Date -
- ROA -0.02 %
- ROE -0.06 %
- 52 Week High 2.80
- 52 Week Low 1.20
About
Granite Point Mortgage Trust Inc. originates, invests and manages floating rate senior commercial mortgage loans and other debt and debt-like commercial real estate investments in the United States. The company is headquartered in New York, New York.
Analyst Target Price
$1.50
Quarterly Earnings
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Reported Date | 2026-08-05 | 2026-05-05 | 2026-02-11 | 2025-11-05 | 2025-08-05 | 2025-05-06 | 2025-02-13 | 2024-11-06 | 2024-08-05 | 2024-05-07 | 2024-02-14 | 2023-11-07 |
| Reported EPS | -0.81 | -0.06 | -0.06 | -0.42 | -0.94 | -0.57 | -1.98 | -0.75 | -0.18 | 0.03 | -0.52 | -0.14 |
| Estimated EPS | -0.2 | -0.17 | -0.15 | -0.33 | -0.79 | -0.71 | -1.31 | -0.82 | -0.25 | 0.03 | -0.29 | 0.13 |
| Surprise | -0.61 | 0.11 | 0.09 | -0.09 | -0.15 | 0.14 | -0.67 | 0.07 | 0.07 | 0 | -0.23 | -0.27 |
| Surprise Percentage | -305% | 64.7059% | 60% | -27.2727% | -18.9873% | 19.7183% | -51.145% | 8.5366% | 28% | 0% | -79.3103% | -207.6923% |
Next Quarterly Earnings
| Reported Date |
| Fiscal Date Ending |
| Estimated EPS |
| Currency |
Previous Dividend Records
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | Jul 2024 | Apr 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Payment Date | 2026-07-15 | 2026-04-15 | 2026-01-15 | 2025-10-15 | 2025-07-15 | 2025-04-15 | 2025-01-15 | 2024-10-15 | 2024-07-15 | 2024-04-15 |
| Amount | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.15 |
Next Dividend Records
| Dividend per share (year): | - |
| Dividend Yield | - |
| Next Dividend Date | - |
| Ex-Dividend Date | - |
Recent News: GPMT
2026-08-06 19:41:00
Granite Point Mortgage Trust reported a significant miss for Q2 2026, with a wider-than-expected adjusted EPS loss of negative $0.79 and revenue of $4.78 million, far below analyst estimates. This led to a 13.33% drop in shares, pushing the stock near its 52-week low. The company is actively working to resolve legacy loans and troubled assets, including refinancing CLO assets to reduce funding costs and improve its financial position, but faces ongoing challenges with credit losses and declining book value.
2026-08-06 19:41:00
Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported a significantly wider-than-expected distributable earnings loss of $0.79 per share for Q2 2026, missing consensus estimates of a $0.40 loss. The commercial real estate mortgage REIT posted an adjusted net loss of $37.7M due to elevated funding costs and credit pressures, leading to a 16.0% stock plunge. Wall Street analysts maintain a cautious stance with predominantly hold ratings, reflecting concerns about the company's profitability amidst challenging market conditions for commercial real estate lending.
2026-08-06 16:41:00
Granite Point Mortgage Trust Inc. (NYSE:GPMT) published its Q2 2026 earnings call presentation. The company reported an EPS of -$0.79, missing estimates by $0.40, and revenue of $4.78M, a 40.56% year-over-year decrease, missing estimates by $3.07M. This presentation was released in conjunction with their earnings call.
2026-08-06 03:41:00
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced its second quarter 2026 financial results, reporting a GAAP net loss of $0.09 per common share and Distributable Earnings of $0.27 per common share. The company also provided an update on its activities post quarter-end, highlighting its financial performance and strategic positioning.
2026-08-05 19:50:13
Granite Point Mortgage Trust Inc. announced its financial results for the second quarter of 2026, reporting a GAAP net loss of $(62.0) million, or $(1.29) per common share. The company also highlighted strategic achievements, including the refinancing of two legacy CLOs with JPMorgan, which reduced the cost of funds by 38 basis points, and significant loan repayments totaling $(129.8) million. Granite Point ended the quarter with a book value of $5.70 per common share and declared a common stock dividend of $0.05 per share.
2026-08-05 19:50:13
Granite Point Mortgage Trust reported a GAAP net loss of $62.0 million, or $1.29 per basic share, in Q2 2026, primarily due to a $47.0 million provision for credit losses and a $6.1 million impairment on real estate owned. The company's book value per common share fell to $5.70 from $7.05, including significant CECL reserves. Despite the loss, Granite Point refinanced $521 million of legacy CLO assets, reducing funding costs and extending term options, and reported $58.5 million in unrestricted cash at quarter-end.
