Granite Point Mortgage Trust (GPMT)
NYSE:GPMT
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.36Last Year’s EPS
-0.94Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced view: management has executed meaningful deleveraging and asset resolutions (repayments, sales above par, reduced leverage and specific CECL after a post-quarter sale) and laid out a clear plan to redeploy capital into higher-yielding originations and capital-light JV opportunities. However, near-term results remain pressured by nonaccrual loans, elevated CECL reserves, an increase in portfolio risk ratings, a GAAP net loss for the quarter, and ongoing macro/geopolitical uncertainty that is lengthening deal timelines. The progress on legacy asset resolutions and improved funding posture are positive, but earnings and portfolio growth depend on resolving remaining problem loans and restarting originations.Company Guidance
Significant Loan Repayments and Portfolio Deleveraging
Executed two sizable full loan repayments totaling $174 million and other paydowns/sales/amortization of approximately $189 million in Q1, resulting in a net loan portfolio reduction of about $175 million for the quarter.
Improved Liquidity and Lower Leverage
Ended the quarter with ~$44 million of unrestricted cash (and about $56 million a few days later) and reduced total leverage from 2.0x to 1.7x, using proceeds to pay down higher-cost borrowings and CLO bonds.
Successful Asset Resolutions and Sales Above Carrying Value
Completed sale of a $13 million B note at a price somewhat above par; achieved final resolution of a $76 million Chicago retail loan via property sale above carrying value (triggering a benefit from credit losses of ~$1.1 million); sold a subordinate interest in Dallas post-quarter.
Higher Underlying Loan Yield Excluding Nonaccruals
Realized loan portfolio yield in Q1 was 6.5%; excluding nonaccrual loans the yield would be 7.9% — 1.4 percentage points higher, indicating stronger underlying asset performance when problem loans are excluded.
CECL Reserve Reduction Following Resolution
Aggregate CECL reserve at March 31 was ~$149 million (roughly $100k higher QoQ). Subsequent resolution of the Chicago loan reduced specific CECL reserves by ~ $30 million to ~ $90 million and decreased CECL reserve as a percentage of total commitments from 9.4% to 7.9% (assuming all else equal).
Active Asset Management and REO Leasing Progress
Proactive asset-management approach: positive leasing traction at suburban Boston REO and constructive leasing discussions for the Miami Beach office property; three of the four remaining risk-rated five loans are in active sales processes.
Clear Path to Earnings Improvement and Capital-Light Opportunities
Management expects earnings to meaningfully improve once capital is redeployed from collateral-dependent loans and REO into new originations at target leverage (projected quarterly EPS uplift of ~$0.17–$0.19). Exploring capital-light JV and fee income strategies expected to generate $2–$4 million of annual earnings in initial years.
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 |
|---|---|---|---|
May 05, 2026 | $1.42 | $1.49 | +4.93% |
Feb 11, 2026 | $2.19 | $1.94 | -11.46% |
Nov 05, 2025 | $2.51 | $2.61 | +3.78% |
Aug 04, 2025 | $2.41 | $2.37 | -1.54% |
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 Aug 10, 2026, After Close (Confirmed).
What is Granite Point Mortgage Trust (GPMT) earnings time?
Granite Point Mortgage Trust (GPMT) earnings time is at Aug 10, 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 (Q2) is -0.36.