Granite Point Mortgage Trust: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 05:48 PM ET
Last Updated - Jun 22, 2023, 07:47 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Thursday reported a fourth-quarter loss of $6.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 19 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 16 cents per share.
The real estate investment trust posted revenue of $61.4 million in the period. Its adjusted revenue was $21 million.
For the year, the company reported a loss of $40.8 million, or $1.04 per share, swinging to a loss in the period. Revenue was reported as $84.7 million.
