Granite Point Mortgage Trust

GPMT

Market cap $85.1M

Granite Point Mortgage Trust Inc. (GPMT) Q4 2025 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Q4 and Full Year 2025 Financial Results and Post Quarter-End Update.

Multiple mortgage REITs fell by over 10% on the day. The stock driving the bus of bad dropped 33% on Friday and is continuing lower today. Preferred shares and baby bonds have consistently outperformed on a risk-adjusted basis, prompting a portfolio shift towards these instruments for better yield and stability.

Granite Point Mortgage Trust's loan portfolio is stabilizing, with book value losses slowing and portfolio stress likely past its peak. Recent management loan loss forecasts have been accurate. If the bulk of the surprise write-offs are behind us, GPMT's current discount to book value is too extreme.

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2025 Earnings Release and Conference Call.

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2025 Dividend Tax Information.

Granite Point Mortgage Trust is showing early signs of operational improvement, with YoY net interest income growth despite ongoing sector headwinds. GPMT's balance sheet has de-risked, with shrinking liabilities and assets, and a $375M common equity cushion above preferreds. The Series A preferred shares, GPMT.PR.A, offer an attractive yield, potentially resetting to 11.6% post-call date if SOFR remains elevated.

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2025 Common and Preferred Stock Dividends and Business Update.

Agency mortgage REITs duel to the dividend cut. There are 7 facing off. The top 3 are much better than the other 4. Valuations are important and awful. Deal with it.

Granite Point Mortgage Trust generated negative distributable earnings of $0.40 per share during the recent third quarter, ramping up the risk of its 7.25% dividend yield. The mREIT saw its book value per share dip by 5 cents sequentially to $7.94 per share, with the common shares currently trading at a 65% discount to this figure. GPMT's Series A Preferreds have seen their discount to liquidation value per share narrow significantly since the spring and currently pay a fixed dividend yield of 8.86%.