UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38124 GRAN ...

Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update NEW YORK, November 6, 2024 – Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2024 financial results can be viewed at www.gpmtreit.com. "Our third quarter results ar ...

Mortgage rates have increased after declining since the announcement of rate cuts. The average 30-year fixed mortgage rate rose to its highest level since the week ending Aug. 9 at 6.52%, according to the Mortgage Bankers Association survey. This is the third consecutive week that mortgage rates have risen. Mortgage rates are usually linked to movement in treasury yields. Specifically, the 10-year Treasury is seen as the biggest influence on mortgage rates, and yields for the 10-year have increased in recen ...

pastorscott Granite Point Mortgage Trust (NYSE:GPMT) is down roughly 50% over the last 1 year as the mortgage REIT's book value maintains a decline led by distressed loans collateralized by US office real estate. The mREIT reported a fiscal 2024 second-quarter book value of $9.84 per share, a $1.30 sequential dip from $11.14 per share in the first quarter. This 11.7% fall over a single quarter is material and places the dip of the commons in context. GPMT is experiencing an extreme discombobulation of its l ...

Second Quarter 2024 Earnings Supplemental August 6, 2024 Safe Harbor Statement This presentation contains, or incorporates by reference, not only historical information, but also forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, projections and illustrations and, consequently, you should not rely on these forward-lo ...

Granite Point Mortgage Trust Inc. (NYSE:GPMT) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Chris Petta – Investor Relations Jack Taylor – President and Chief Executive Officer Steve Alpart – Chief Investment Officer and Co-Head-Originations Marcin Urbaszek – Chief Financial Officer Conference Call Participants Steve DeLaney – Citizens JMP Douglas Harter – UBS Stephen Laws – Raymond James Jade Rahmani – KBW Operator Good morning. My name is Darrel and I will be your confer ...

Granite Point Mortgage Trust Inc. Reports Second Quarter 2024 Financial Results and Post Quarter-End Update NEW YORK, August 5, 2024 – Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending June 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing second quarter 2024 financial results can be viewed at www.gpmtreit.com. "We have made meaningful progress ...

GPMT IR juvaida khatun PROPERTY TYPE(2) Industrial, 4.6% 0ther, 3.5% Hotel, 7.2% Retail, 9.8% Office, 43.1% Multifamily, 31.8% Borrower defaults are troublesome for mortgage REIT's for two reasons. First, it obviously hurts cash flow in the short term, which worsens dividend coverage, and second, in the case of distressed properties, it poses a significant risk of a loss of capital as the REIT may not be able to resel the foreclosed building for more than th outstanding loan balance and consequently may boo ...

Investors might want to bet on Granite Point Mortgage Trust (GPMT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. S ...

JacobH/E+ via Getty ImagesGranite Point Mortgage Trust (NYSE:GPMT) shed nearly 18% of its value following the publication of fiscal 2024 first-quarter earnings which saw CECL reserve as a percent of commitments move up to 7.5% sequentially from 4.7% in the fourth quarter. GPMT's loan portfolio had an outstanding principal balance of $2.7 billion spread across 71 loan investments that were 99% constituted from senior loans with roughly 43.1% of loans backed by office properties. This outsized exposure to ...