earnings
confidence high
sentiment negative
materiality 0.70
Granite Point Q4 GAAP net loss $9.9M ($0.19/sh); book value $14.86; declares $0.20 dividend
Granite Point Mortgage Trust Inc.
2022-FY EPS reported
-$1.04
- Q4 GAAP net loss $9.9M ($0.19/sh) includes $16.5M provision for credit losses.
- Distributable loss $8.2M ($0.16/sh); pre-loss distributable earnings $9.0M ($0.17/sh).
- Book value $14.86/sh; CECL reserve $86.6M (2.41% of portfolio commitments).
- Declared $0.20/common share dividend; Series A preferred $0.4375/sh.
- Ended Q4 with $133.1M cash, debt/equity 2.3x; post-quarter $110M cash.