GPMT
Granite Point Mortgage Trust Inc.2.5400
-0.0300-1.17%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
120.41MP/E (TTM)
-Basic EPS (TTM)
-1.45Dividend Yield
0.08%Recent Filings
8-K
Extended repurchase agreement
Granite Point Mortgage Trust amended its master repurchase agreement with JPMorgan on October 14, 2025, extending the additional advance termination date to April 12, 2026, while clarifying repayment mechanics in the related guaranty. The deal includes a $471,000 amendment fee and adds new eligible assets as purchased assets. This secures extended financing access. Yet liquidity stays locked at $10 million.
10-Q
Q2 FY2025 results
Granite Point Mortgage Trust posted a Q2 net loss of $13.4 million, or $0.35 per share, narrowing from $63.1 million, or $1.31 per share, a year earlier, thanks to a lighter $11.0 million provision for credit losses versus $60.8 million last year (derived). Interest income dipped to $33.8 million from $48.5 million y/y, reflecting a shrunken loan book at $1.8 billion unpaid principal, down from $2.6 billion, while net interest margins held steady around 0.6% negative spread. The team resolved two troubled loans via sale and modification, slashing nonaccrual balances to $125 million from $452 million y/y, and offloaded Phoenix office REO for a tidy $0.3 million gain. Liquidity looks solid with $85.1 million in unrestricted cash against $474 million in repo debt maturing 2026, and total leverage eased to 2.1x equity. Yet office sector woes linger as a key risk.
8-K
Q2 loss amid loan resolutions
Granite Point Mortgage Trust reported a Q2 2025 GAAP net loss of $17.0 million, or $0.35 per share, driven by an $11.0 million credit loss provision amid ongoing nonperforming loan resolutions. The company shrank its loan portfolio by $115.1 million through repayments and two resolutions totaling $94.1 million, sold a Phoenix REO property for $16.7 million, and repurchased 1.25 million shares at $2.48 each, boosting book value by $0.15 per share. Progress continues; two risk-rated 5 loans remain.
8-K
Stockholders approve incentive plan
Granite Point Mortgage Trust's stockholders approved the Amended and Restated 2022 Omnibus Incentive Plan at the June 5, 2025, annual meeting, authorizing up to 10,000,000 additional common shares for employee and director awards through 2035. All seven board nominees secured reelection with strong majorities, while advisory approval on executive pay passed narrowly amid 9.5 million broker non-votes. This bolsters retention tools. Yet, diluted equity looms.
8-K
GPMT launches 10b5-1 buyback plan
Granite Point Mortgage Trust entered a Rule 10b5-1 trading plan on May 12, 2025, to systematically repurchase up to 1.25 million shares of its common stock starting May 13, through July 7 or until the limit hits. This ties into its ongoing buyback program, with nearly 3.9 million shares still available overall. Repurchases signal confidence in undervaluation. Yet the plan caps exposure amid market swings.
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