NYSE$GPMT

Granite Point Mortgage Trust Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced financial results for the quarter ended September 30, 2022.

Granite Point Mortgage Trust Inc. reported a GAAP net loss of $(29.1) million, or $(0.56) per basic share, which included a $(35.4) million provision for credit losses. Distributable Earnings were $8.7 million, or $0.17 per basic share. The company closed one new multifamily loan with a total commitment of $45.0 million.

  • GAAP net loss of $(29.1) million, or $(0.56) per basic share, inclusive of a $(35.4) million provision for credit losses.
  • Distributable Earnings of $8.7 million, or $0.17 per basic share.
  • Book value of $15.24 per common share, inclusive of $(1.63) per common share CECL reserve.
  • Closed one new multifamily loan with total commitment of $45.0 million and funded $72.4 million in total UPB, including prior commitments.

Headline financials

Total Revenue

$18.3M

Previous: $22.1M-17.2%
EPS (adj)

$0.17

Previous: $0.09+88.9%
Portfolio Weighted Average Stabilized LTV at Origination

63.2%

Previous: 63.3%-0.2%
Free Cash Flow

-$25.5M

Previous: $18.6M-236.9%
Net Income

-$25.5M

Previous: $18.6M-236.9%
Operating Income

$1.34M

Previous: $9.61M-86.0%
Gross Profit

$18.3M

Previous: $21.1M-13.3%
Cash & Equivalents

$168M

Previous: $155M+8.7%
Total Assets

$3.78B

Previous: $3.9B-3.0%
Stock-Based Comp

$2.35M

Previous: $2.03M+15.6%

Revenue & EPS history

Granite Point · Revenue · Quarterly

$18.3M

Q3 2022-17.2%vs Q3 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

-0.0%

Avg return

Earnings day

-0.9%

Avg return

5 days after

+0.3%

Avg return

30 days after

46%

16 / 35 earnings

Positive

+24.2%

Q3 2020

Best reaction

-15.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.3%-0.7%+6.3%
Q4 2025-11.5%-23.8%-30.8%
Q3 2025+4.6%+2.6%+3.8%
Q1 2025+15.3%+19.5%+37.4%
Q4 2024-9.1%-10.7%-11.3%
Q3 2024+2.3%+12.6%+9.6%
Q2 2024-8.5%-7.1%-6.4%
Q1 2024-13.0%-17.3%-29.1%
Q4 2023-4.3%-7.3%-5.7%
Q3 2023-1.1%-0.2%+18.9%
Q2 2023-1.1%-3.6%-5.3%
Q1 2023+3.2%+4.9%+27.3%
Q4 2022+0.0%-0.7%-18.6%
Q3 2022-15.1%-9.6%-9.7%
Q2 2022+1.1%-1.7%-13.9%
Q1 2022+1.7%+2.8%+11.0%
Q4 2021-1.2%-2.9%+0.6%
Q3 2021+0.4%-1.5%-10.5%
Q2 2021-8.2%-5.0%-4.0%
Q1 2021+1.7%-3.6%+14.3%
Q4 2020+0.5%+3.1%+6.4%
Q3 2020+24.2%+20.4%+44.6%
Q2 2020+5.2%+3.3%-13.2%
Q1 2020+10.4%+2.4%+66.9%
Q4 2019+3.4%-2.7%-78.1%
Q3 2019-1.7%-2.7%-1.9%
Q2 2019-1.4%-1.1%-3.0%
Q1 2019-1.0%-0.6%-2.3%
Q4 2018-0.4%-2.5%-2.4%
Q3 2018+1.7%+1.1%+0.7%
Q2 2018-0.9%-2.7%+1.0%
Q1 2018+2.0%+3.8%+8.9%
Q4 2017-3.2%-1.1%+2.2%
Q3 2017-1.5%-0.3%-1.1%
Q2 2017-0.7%-0.1%-0.6%
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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