Granite Point Mortgage Trust Inc. Reports First Quarter 2024 Financial Results and Post Quarter-End Update
Granite Point Mortgage Trust Inc. (GPMT)
Last granite point mortgage trust inc. earnings: 3/2 04:56 pm
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US:NYSE Investor Relations:
investors.gpmortgagetrust.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending March 31, 2024, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2024 financial results can be viewed at www.gpmtreit.com.“Our first quarter earnings were primarily affected by the factors continuing to impact the commercial real estate sector, including prolonged high interest rates, historically low transaction volume and suppressed market liquidity,” said Jack Taylor, President and Chief Executive Officer of Granite Point. “We increased our CECL reserves in the first quarter mainly reflecting the influence of the elevated uncertainty and shifting trends in the real estate market on the performance of select assets. Benefiting from the deep experience of our team managing real estate portfolios through multiple business cycles, we have maintained
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GPMT
Earnings
- 5/7/24 - Beat
GPMT
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 4/22/24 - Form ARS
- GPMT's page on the SEC website