Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2019 Financial Results Announces Process to Internalize Management Function

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Go back to Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2019 Financial Results Announces Process to Internalize Management Function

Granite Point Mortgage Trust Inc. (GPMT) Misses Q4 EPS by 3c

March 2, 2020 5:02 PM EST

Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported Q4 EPS of $0.34, $0.03 worse than the analyst estimate of $0.37.

Fourth Quarter 2019 Highlights

Generated GAAP net income of $17.7 million, or $0.32 per basic share, and Core Earnings(1) of $18.7 million, or $0.34 per basic share.Closed 11 new loan commitments of $670.9 million, with an average loan size of $61.0 million, initial fundings of $516.3 million, a weighted average stabilized LTV of 67%(2), and a weighted average... More