Granite Point Mortgage Trust Inc. Reports First Quarter 2021 Financial Results and Post Quarter-End Update

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Go back to Granite Point Mortgage Trust Inc. Reports First Quarter 2021 Financial Results and Post Quarter-End Update

Granite Point Mortgage Trust Inc. (GPMT) Tops Q1 EPS by 10c

May 6, 2021 5:17 PM EDT

Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported Q1 EPS of $0.38, $0.10 better than the analyst estimate of $0.28.

GAAP net income of $28.0 million, or $0.51 per basic share, inclusive of $0.17 per basic share release of prior CECL reserves.Distributable Earnings(1) of $20.7 million, or $0.38... More