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

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

Granite Point Mortgage Trust Inc. (GPMT) Tops Q3 EPS by 9c

November 9, 2020 5:14 PM EST

Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported Q3 EPS of $0.27, $0.09 better than the analyst estimate of $0.18.

Third Quarter 2020 Highlights

GAAP net loss of $(24.7) million, or $(0.45) per basic share, inclusive of $(43.7) million, or $(0.79) per basic share, of one-time restructuring charges related to the internalization process.(1)Core Earnings(2) of $15.0 million, or $0.27 per basic share, excluding the one-time restructuring charges.Book value of $16.93 per common share, inclusive of $(1.47) per common share related to the allowance for credit losses. Declared a dividend of $0.20 per common share.Realized prepayments and principal amortization of $209.2... More