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Granite Point Mortgage Trust Inc (GPMT) Q2 2021 Earnings Call Transcript
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Granite Point Mortgage Trust: Q1 Earnings Snapshot
May 7, 2021
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NEW YORK (AP) Granite Point Mortgage Trust Inc. (GPMT) on Thursday reported first-quarter net income of $28 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had profit of 45 cents per share. Earnings, adjusted for pretax gains, were 38 cents per share.
The real estate investment trust posted revenue of $54.1 million in the period. Its adjusted revenue was $27.8 million.
Granite Point Mortgage Trust shares have increased 30% since the beginning of the year. The stock has nearly tripled in the last 12 months.
This story was generated 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
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