Granite Point Mortgage Trust Inc. Reports Second Quarter 2020 Financial Results and Post Quarter-End Update

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Go back to Granite Point Mortgage Trust Inc. Reports Second Quarter 2020 Financial Results and Post Quarter-End Update

Granite Point Mortgage Trust Inc. (GPMT) Reports In-Line Q2 EPS

August 10, 2020 5:16 PM EDT

Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported Q2 EPS of $0.25, in-line with the analyst estimate of $0.25.

Second Quarter 2020 Highlights

Generated GAAP net loss of $(1.7) million, or $(0.03) per basic share, and Core Earnings(1) of $13.8 million, or $0.25 per basic share, inclusive of $(6.9) million or $(0.12) per basic share of realized loss on a loan sale; book value of $17.47 per common share.Funded an additional $71.2 million on existing loan commitments and realized principal amortization of $0.6 million.As of quarter end portfolio principal... More