August 5, 2021

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Mortgage News

Granite Point Mortgage Trust: Q1 Earnings Snapshot

NEW YORK (AP) _ Granite Point Mortgage Trust Inc. (GPMT) reported net income of $ 28 million for the first quarter on Thursday after reporting a loss in the same period last year.

The New York-based company posted earnings of 45 cents per share. Adjusted for pre-tax profits, earnings were 38 cents per share.

The Real Estate Investment Trust had sales of USD 54.1 million in the reporting period. Adjusted sales were $ 27.8 million.

Granite Point Mortgage Trust stocks are up 30% year-to-date. The stock nearly tripled in the past 12 months.

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This story was made by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GPMT at https://www.zacks.com/ap/GPMT