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Granite Point Mortgage Trust (GPMT)
NYSE:GPMT
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.34Last Year’s EPS
-0.57Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong market momentum, meaningful loan repayments and debt-cost improvements are offset by a Q4 GAAP loss, a notable CECL reserve build, REO impairment, concentrated problem loans (~$249M UPB) and a near-term decline in portfolio size. Management highlighted several constructive operational actions (resolutions, debt paydowns, ROE repositioning and plans to restart originations in 2026) that should help improve earnings and liquidity over time, but material credit-related charges and outstanding work on several large problem loans temper near-term optimism.Company Guidance
Market Recovery and Improved Liquidity
Management cited a constructive 2025 for commercial real estate with greater capital availability across property types, stronger CMBS and CLO issuance, increased activity from large commercial banks and returning regional banks, and continued market momentum into early 2026.
Portfolio Size and Composition
Total loan portfolio commitments of $1.8B, including $1.7B outstanding principal balance and $77M of future fundings (≈4% of commitments). Portfolio comprised 43 investments with an average UPB of ~$39M and a weighted average stabilized LTV at origination of 65%.
Loan Repayments, Resolutions and REO Activity
In 2025 the company achieved 5 loan resolutions, 7 full loan repayments and 1 REO sale, with total loan repayments during the year of approximately $469M. Post-quarter the company received two full loan repayments totaling $174M, and is actively investing to optimize outcomes on two REO assets (suburban Boston and Miami Beach).
Yield Performance and Nonaccrual Impact
Realized loan portfolio yield for Q4 was 6.7%; excluding nonaccrual loans the yield would have been 8.0% — a 1.3 percentage-point uplift indicating nonaccruals materially depressed reported yield.
Debt Cost Reduction and Expected Savings
Post-quarter repayment of higher-cost debt reduced the cost of repurchase facilities by roughly 60 basis points, with estimated annual savings of $0.10 per share.
Liquidity and Funding Diversity
Unrestricted cash of about $66M at quarter-end (carried about $55M a few days later). Management reports a well-diversified funding mix and constructive financing relationships with plans to expand capacity when originations resume.
GPMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GPMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $2.27 | $2.01 | -11.45% |
Nov 05, 2025 | $2.60 | $2.70 | +3.76% |
Aug 04, 2025 | $2.49 | $2.46 | -1.52% |
May 06, 2025 | $1.79 | $2.06 | +14.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Granite Point Mortgage Trust (GPMT) report earnings?
Granite Point Mortgage Trust (GPMT) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Granite Point Mortgage Trust (GPMT) earnings time?
Granite Point Mortgage Trust (GPMT) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPMT EPS forecast?
GPMT EPS forecast for the fiscal quarter 2026 (Q1) is -0.34.