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Granite Point Mortgage Trust Inc   (GPMT)
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Price: $4.7900 $0.08 1.699%
Day's High: $4.8 Week Perf: 0.00
Day's Low: $ 4.50 30 Day Perf: -8.24 %
Volume (M): 998 52 Wk High: $ 6.41
Volume (M$): $ 4,779 52 Wk Avg: $5.09
Open: $4.55 52 Wk Low: $3.97



 Market Capitalization (Millions $) 248
 Shares Outstanding (Millions) 52
 Employees -
 Revenues (TTM) (Millions $) 76
 Net Income (TTM) (Millions $) -63
 Cash Flow (TTM) (Millions $) 59
 Capital Exp. (TTM) (Millions $) 0

Granite Point Mortgage Trust Inc
Granite Point Mortgage Trust Inc is a publicly traded real estate investment trust (REIT) based in New York. The company focuses on originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt instruments. Granite Point Mortgage Trust primarily operates in the United States commercial real estate market. The company aims to generate attractive returns for its shareholders through a combination of interest income from its loan portfolio and capital appreciation. They typically invest in high-quality properties across different sectors, including office, retail, industrial, and multifamily.


   Company Address: 3 Bryant Park New York, 10036 NY
   Company Phone Number: 364-5500   Stock Exchange / Ticker: NYSE GPMT
   


   

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Granite Point Mortgage Trust Inc

Granite Point Mortgage Trust Inc.'s Financial Fourth Quarter 2023: Deficit Trends Upwards

Granite Point Mortgage Trust Inc, a leading mortgage real estate investment trust (REIT), recently released its financial report for the fourth quarter of 2023. While the report highlights a net loss per share of $-0.33, an increase from $-0.19, and a 29.364% drop in revenue to $19.06 million, there are several positive factors to consider.
Firstly, it's important to note that the Q3 revenue saw a remarkable surge of 30.225% from $14.64 million, indicating a significant improvement in financial performance. Additionally, the earnings per share also experienced an improvement, rising from $-0.48 per share.

Granite Point Mortgage Trust Inc

Granite Point Mortgage Trust Inc. Shines with Record Revenue Surge, Outpacing Industry Peers in Q3 2023 Earnings Season



Granite Point Mortgage Trust Inc, a Real Estate Investment Trusts (REITs) company, announced an impressive revenue advance of 278.119% year-on-year to $14.64 million in the third quarter of 2023 earnings season. While the company experienced a loss of $-0.48, its business growth outperformed its peers in the REITs sector. This news report will analyze the financial performance of Granite Point Mortgage Trust Inc and provide insights into its recent share price movements.
Revenue Growth Outpaces Peers:
In Q3 2023, Granite Point Mortgage Trust Inc witnessed significant revenue growth compared to other companies in the REITs sector. The company's revenue surged by 278.119% year-on-year, whereas the average revenue growth for the sector was only 4.23% during the same period.

Granite Point Mortgage Trust Inc

Granite Point Mortgage Trust Inc Achieves Phenomenal Revenue Growth of 249.052% in Q2 2023, Surpassing Expectations

The stock market has been buzzing with excitement as Granite Point Mortgage Trust Inc (GPMT) recently reported a remarkable growth in revenue. With a staggering 249.052% year-on-year increase to $42.55 million in its most recent fiscal period, GPMT has managed to turn the tides and post a positive income. The earnings per share (EPS) for this reporting season stood at $0.03, a significant improvement compared to the previous season's negative EPS of $-0.72 per share. Moreover, the revenue growth was outstanding, with a whopping 20962.376% increase from $0.20 million.
These notable financial achievements demonstrate the strength and potential of GPMT as a Real Estate Investment Trusts company. In the April to June 30, 2023 financial period, the company reported earnings of $5.041 million, a remarkable turnaround from the net shortfall of $-13.731 million in the corresponding reporting season a year ago. This positive shift reflects GPMT's commitment to enhancing its financial performance and delivering value to its investors.

Granite Point Mortgage Trust Inc

Granite Point Mortgage Trust Inc Faces Alarming Dip in Revenue and Profits, Deficit Expands to $-0.72 during Q1 2023

As a journalist, it is my duty to analyze and interpret financial results to provide a clear picture of the company's current standing. Granite Point Mortgage Trust Inc (GPMT) recently declared their most recent fiscal period, and it is not looking good. The revenue has faded by -99.209% to a mere $0.20 million, highlighting a significant decline in the company's financial performance.
Furthermore, the shortfall per share has widened at $-0.72 from the comparable reporting period a year before. It's alarming to see such a severe dip in revenue and profits in a span of just one year. The previous reporting period also showed a decline in revenue by -99.251%, causing major concerns for investors.






 

Granite Point Mortgage Trust Inc's Segments
 
 
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Granite Point Mortgage Trust Inc does not provide revenue guidance.

Earnings Outlook
Granite Point Mortgage Trust Inc does not provide earnings estimates.

 
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