Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ended December 31, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing fourth quarter and full year 2024 financial results can be viewed at www.gpmtreit.com. "We have made substantial progress in successfully executing on our primary objective by resolving nonperforming loans totaling over $340 million in 2024, with several more resolutions either closed or well underway in 2025. We also received twelve loan repayments of about $415 million," said Jack Taylor, President and Chi

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced the tax treatment of common and preferred stock dividends declared in 2024. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2024 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter and full year ended December 31, 2024, after market close on February 13, 2025. The Company will host a conference call to review the financial results on February 14, 2025, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Invest

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 fourth quarter of 2024. This dividend is payable on January 15, 2025, to holders of record of common stock at the close of business on December 31, 2024. 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 fourth quarter of 2024. This dividend is payable on January 15, 2025, to the holders of record of the Series A Preferred Stock at the clo

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2024 financial results can be viewed at www.gpmtreit.com. "Our third quarter results are highlighted by multiple nonaccrual loan resolutions, produced by our active portfolio management strategy, and accretive share buybacks," said Jack Taylor, President and Chief Executive Officer of Granite Point. "This forward momentum has continued with over $280 million of nonaccrual loans that already have been or are

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 September 30, 2024, after market close on November 6, 2024. The Company will host a conference call to review the financial results on November 7, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investors section unde

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 third quarter of 2024. This dividend is payable on October 15, 2024, to holders of record of common stock at the close of business on October 1, 2024. 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 third quarter of 2024. This dividend is payable on October 15, 2024, to the holders of record of the Series A Preferred Stock at the close of

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending June 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing second quarter 2024 financial results can be viewed at www.gpmtreit.com. "We have made meaningful progress addressing our nonearning assets over the last few months," said Jack Taylor, President and Chief Executive Officer of Granite Point. "We anticipate executing on significant additional nonaccrual resolutions and realizing more loan repayments through the rest of the year. The reduction in our book value this quarter res

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 June 30, 2024, after market close on August 5, 2024. The Company will host a conference call to review the financial results on August 6, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investors section under the Ne

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 2024. This dividend is payable on July 15, 2024, to holders of record of common stock at the close of business on July 1, 2024. 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 2024. This dividend is payable on July 15, 2024, to the holders of record of the Series A Preferred Stock at the close of busin

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

3 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

3 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

3 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

Keefe Bruyette upgraded Granite Point Mortgage from Underperform to Mkt Perform and set a new price target of $3.25 from $3.00 previously

JMP Securities downgraded Granite Point Mortgage from Mkt Outperform to Mkt Perform

UBS initiated coverage of Granite Point Mortgage with a rating of Buy and set a new price target of $6.50

Keefe Bruyette downgraded Granite Point Mortgage from Mkt Perform to Underperform and set a new price target of $6.00

Credit Suisse reiterated coverage of Granite Point Mortgage with a rating of Outperform and set a new price target of $14.00 from $15.00 previously

Raymond James reiterated coverage of Granite Point Mortgage with a rating of Outperform and set a new price target of $16.00 from $13.50 previously

Credit Suisse upgraded Granite Point Mortgage from Neutral to Outperform and set a new price target of $15.00 from $12.00 previously

Credit Suisse reiterated coverage of Granite Point Mortgage with a rating of Neutral and set a new price target of $12.00 from $10.50 previously

Raymond James reiterated coverage of Granite Point Mortgage Trust with a rating of Outperform and set a new price target of $13.50 from $11.00 previously

Raymond James reiterated coverage of Granite Point Mortgage with a rating of Outperform and set a new price target of $13.50 from $11.00 previously

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ended December 31, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing fourth quarter and full year 2024 financial results can be viewed at www.gpmtreit.com. "We have made substantial progress in successfully executing on our primary objective by resolving nonperforming loans totaling over $340 million in 2024, with several more resolutions either closed or well underway in 2025. We also received twelve loan repayments of about $415 million," said Jack Taylor, President and Chi

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced the tax treatment of common and preferred stock dividends declared in 2024. This information is provided to assist stockholders with tax reporting requirements related to dividend distribution of taxable income by Granite Point. Stockholders should review the 2024 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their individual tax

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter and full year ended December 31, 2024, after market close on February 13, 2025. The Company will host a conference call to review the financial results on February 14, 2025, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Invest

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that W. Reid Sanders, a member of its Board of Directors since the Company's inception in 2017, has passed away. "I was deeply saddened to learn of the passing of my dear friend and colleague, Reid Sanders," said Stephen Kasnet, Chairman of the Granite Point Board of Directors. "Reid's experience, wisdom, wit, dedication and enthusiasm will not be forgotten. On behalf of the entire Board, we express our deepest sympathies and heartfelt condolences to Reid's family, friends and loved ones for their loss." "Our whole team at Granite Point deeply feels the loss of Reid's passing," added

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that Patrick Halter and Lazar Nikolic have been appointed to the Company's Board of Directors, effective immediately. Mr. Halter will serve on the Compensation Committee and Mr. Nikolic will serve on the Nominating and Corporate Governance Committee. With the additions of Mr. Halter and Mr. Nikolic, the Granite Point Board now comprises eight directors, seven of whom are independent. "We are pleased to welcome two new highly qualified independent directors to the Granite Point Board," said Stephen Kasnet, Chairman of the Granite Point Board of Directors. "Pat's experience building and

Ethan Lebowitz to Succeed Steven Plust as COO by May 1, 2025 Steven Plust to remain as Senior Managing Director Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that Ethan Lebowitz, Managing Director, will succeed Steven Plust as Chief Operating Officer effective no later than May 1, 2025. Mr. Lebowitz will serve as Deputy Chief Operating Officer until the COO transition is effective. Following the transition, Mr. Plust will remain with Granite Point as a Senior Managing Director full-time until his retirement from the Company, which will be no later than December 31, 2027. In this capacity, he will continue to serve the Company

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 fourth quarter of 2024. This dividend is payable on January 15, 2025, to holders of record of common stock at the close of business on December 31, 2024. 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 fourth quarter of 2024. This dividend is payable on January 15, 2025, to the holders of record of the Series A Preferred Stock at the clo

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2024 financial results can be viewed at www.gpmtreit.com. "Our third quarter results are highlighted by multiple nonaccrual loan resolutions, produced by our active portfolio management strategy, and accretive share buybacks," said Jack Taylor, President and Chief Executive Officer of Granite Point. "This forward momentum has continued with over $280 million of nonaccrual loans that already have been or are

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 September 30, 2024, after market close on November 6, 2024. The Company will host a conference call to review the financial results on November 7, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investors section unde

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 third quarter of 2024. This dividend is payable on October 15, 2024, to holders of record of common stock at the close of business on October 1, 2024. 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 third quarter of 2024. This dividend is payable on October 15, 2024, to the holders of record of the Series A Preferred Stock at the close of

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that Patrick Halter and Lazar Nikolic have been appointed to the Company's Board of Directors, effective immediately. Mr. Halter will serve on the Compensation Committee and Mr. Nikolic will serve on the Nominating and Corporate Governance Committee. With the additions of Mr. Halter and Mr. Nikolic, the Granite Point Board now comprises eight directors, seven of whom are independent. "We are pleased to welcome two new highly qualified independent directors to the Granite Point Board," said Stephen Kasnet, Chairman of the Granite Point Board of Directors. "Pat's experience building and

Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that the Company's Board of Directors has appointed Hope B. Woodhouse to the Board, effective immediately. Ms. Woodhouse will serve on the Compensation Committee and the Audit Committee. Monro also announced that Frederick Michael ("Mike") Danziger has retired from the Board, effective February 3, 2023. "We appreciate the constructive dialogue with shareholders and are implementing changes to strengthen Monro and improve our corporate governance," said Robert E. Mellor, Chair of the Board and Chair of the Nominating and Corporate Responsibility Committee. "Refreshment remains a pr

Wendy Luscombe to Retire from Board as Part of Ongoing Board Refreshment Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced the appointment of Hope B. Woodhouse to the Company's Board of Trustees (the "Board") and to the Nominating and Corporate Governance Committee of the Board, effective January 10, 2023. Ms. Woodhouse is a seasoned financial executive with substantial experience in the financial services sector having spent over 25 years in executive management roles at top-ranked, global alternative asset management firms and broker dealers. From 2005 to 2009, she served as Chief Operating Officer and as a member of the management committee of Bridgewater Assoc

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it has appointed Sheila K. McGrath as an independent member of its Board of Directors. With the addition of Ms. McGrath, the Granite Point Board comprises six directors, five of whom are independent. "Sheila is a highly respected and experienced REIT industry veteran, and we are pleased to welcome her to the Granite Point Board," said Stephen Kasnet, Chairman of the Granite Point Board of Directors. "Sheila brings significant financial acumen and more than 25 years of experience as one of the preeminent specialists covering Real Estate Investment Trusts. We look forward to benefiti

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) announced today that on December 31, 2020, it completed the internalization of its management function (“Internalization”), finalizing its transition to an internally-managed REIT. Pursuant to the Internalization Agreement dated October 10, 2020, between Granite Point and its former external manager, Pine River Capital Management L.P. (“the Manager”), the Company made a one-time cash payment of $44.5 million to the Manager and the management agreement between the Company and the Manager was terminated. Granite Point will no longer pay any management or incentive fees