Granite Point Mortgage Trust Q3 2023 Earnings Report

Granite Point Mortgage Trust EPS Results

• Actual EPS: $0.15
• Consensus EPS: $0.18
• Beat/Miss: Missed by -$0.03
• One Year Ago EPS: $0.13

Granite Point Mortgage Trust Revenue Results

• Actual Revenue: $66.69 million
• Expected Revenue: $20.20 million
• Beat/Miss: Beat by +$46.49 million
• YoY Revenue Growth: N/A

Granite Point Mortgage Trust Announcement Details

• Quarter: Q3 2023
• Date: 11/7/2023
• Time: After Market Closes

Granite Point Mortgage Trust (NYSE:GPMT), a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2015 and is headquartered in New York, New York.