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Granite Point Mortgage (GPMT)
NYSE:GPMT
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.75Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -10.03%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
Granite Point exhibited strong efforts in loan resolutions and share buybacks, which were overshadowed by substantial net losses and a high volume of non-performing loans. The market outlook for 2025 appears optimistic, but ongoing challenges with loan resolutions and credit loss provisions persist.Company Guidance
During the Granite Point Mortgage Trust's fourth quarter and full year 2024 earnings call, the management provided comprehensive guidance on their financial performance and strategic outlook. They reported a GAAP net loss of $42.4 million or negative $0.86 per basic common share, largely driven by a provision for credit losses amounting to $37.2 million. Notably, they resolved nine loans totaling $344 million in principal balance and realized approximately $415 million in loan repayments, paydowns, and amortization over the year. The company ended 2024 with a total loan portfolio commitment of $2.2 billion, an outstanding principal balance of $2.1 billion, and a weighted average stabilized loan-to-value (LTV) of 64% at origination. They also repurchased about 2.4 million of their common shares, reflecting the belief that their stock was undervalued, with 1.2 million shares bought back in the fourth quarter. Looking ahead, Granite Point plans to navigate the improving market sentiment by focusing on liquidity, addressing nonperforming loans, and preparing to return to new originations and portfolio growth later in 2025.Successful Loan Resolutions
In 2024, Granite Point resolved nine loans totaling approximately $344 million at or near carrying value, with an additional $441 million in resolutions since the beginning of 2024.
Share Buyback Program
Granite Point repurchased about 2.4 million common shares in 2024, including 1.2 million in the fourth quarter, reflecting confidence in stock undervaluation.
Improved Market Sentiment
The commercial real estate market sentiment improved with better liquidity and transaction volume expected in 2025, particularly in the SASB and CLO markets.
Active Portfolio Management
The company ended the fourth quarter with a well-diversified loan portfolio of $2.2 billion in commitments and an average loan portfolio yield of about 6.6%.
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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
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GPMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $3.19 | $2.90 | -9.09% |
| Nov 06, 2024 | $2.98 | $3.02 | +1.34% |
| Aug 05, 2024 | $2.60 | $2.48 | -4.62% |
| May 07, 2024 | $4.16 | $3.64 | -12.50% |
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.
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FAQ
When does Granite Point Mortgage (GPMT) report earnings?
Granite Point Mortgage (GPMT) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Granite Point Mortgage (GPMT) earnings time?
Granite Point Mortgage (GPMT) earnings time is at May 13, 2025, TBA Not 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 2025 (Q1) is -0.75.
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