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17.06.25 - 22:21
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Granite Point Mortgage Trust Inc. Announces Second Quarter 2025 Common and Preferred Stock Dividends and Business Update (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock for the second quarter of 2025. This dividend is payable on July 15, 2025, to holders of record of common stock at the close of business on July 1, 2025.
The Company's Board of Directors also declared a quarterly cash dividend of $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the second quarter of 2025. This dividend is payable on July 15, 2025, to the holders of record of the Series A Preferred Stock at the close of business on July 1, 2025.
“We have maintained strong momentum repositioning our portfolio with the completion of two more loan resolutions in the second quarter and the anticipated near-term sale of an REO office property,” said Jack Taylor, President and Chief Executive Officer of...
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07.05.25 - 01:18
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Granite Point Mortgage Trust Inc. Reports First Quarter 2025 Financial Results and Post Quarter-End Update (Business Wire)
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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 ended March 31, 2025, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing first quarter 2025 financial results can be viewed at www.gpmtreit.com.
“We started 2025 on a strong note and made significant progress in achieving our objectives,” said Jack Taylor, President and Chief Executive Officer of GPMT. “So far this year, we have resolved three risk-rated 5 loans, with a fourth closing imminently, totaling approximately $230 million, leaving three remaining. We also received four full loan repayments and partial paydowns, totaling approximately $107 million, three of which were full paydowns secured by office properties. Also, we continue to believe that our stock is significantly undervalued, and, accordingly, we repurchased about 0.9 million of our ...
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29.04.25 - 13:33
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Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2025 Earnings Release and Conference Call and Provides Business Update (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will release financial results for the quarter ended March 31, 2025, after market close on May 6, 2025. The Company will host a conference call to review the financial results on May 7, 2025, at 11:00 a.m. ET.
Business Update and Preliminary Estimates for First Quarter 2025
As of April 28,2025, carried approximately $74 million in unrestricted cash.
Extended the maturities of all repurchase facilities by approximately one year.
Year-to-date, realized over $70 million in full and partial principal repayments, including the full repayment of an office loan. Anticipates near term additional full loan repayments of up to approximately $90 million, principally of office loans.
Year-to-date, also resolved two risk-rated “5” loans. Anticipates near term resolutions of an additional two risk-rated “5” loans.
No newly risk-rated “4” or “5” loans.
F...
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13.03.25 - 21:18
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Granite Point Mortgage Trust Inc. Announces First Quarter 2025 Common and Preferred Stock Dividends and Business Update (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock for the first quarter of 2025. This dividend is payable on April 15, 2025, to holders of record of common stock at the close of business on April 1, 2025.
The Company's Board of Directors also declared a quarterly cash dividend of $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the first quarter of 2025. This dividend is payable on April 15, 2025, to the holders of record of the Series A Preferred Stock at the close of business on April 1, 2025.
“When setting the current level our common stock dividend, the board considered a number of factors, including run-rate earnings and book value,” said Jack Taylor, President and Chief Executive Officer of Granite Point. “Additionally, during the quarte...
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04.03.25 - 22:24
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Granite Point Mortgage Trust Inc. Announces 2025 Annual Meeting of Stockholders (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will hold its 2025 Annual Meeting of Stockholders virtually on June 5, 2025, beginning at 10:00 a.m. Eastern Time. We believe that hosting a virtual annual meeting will make our annual meeting more accessible for all of our stockholders.
Stockholders can attend the virtual annual meeting via the internet at www.virtualshareholdermeeting.com/GPMT2025. Holders of our common stock as of the close of business on April 7, 2025, will be eligible to vote their shares and submit questions electronically in advance of and during the virtual annual meeting by using the 16-digit control number included on the notice of internet availability of proxy materials, their individual proxy card or the voting instruction form accompanying the proxy materials. We recommend that stockholders log in at least fifteen minutes before the meeting to ensure they are present when th...
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