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Granite Point Mortgage Trust: 2Q Earnings Snapshot

August 6, 2018

NEW YORK (AP) _ Granite Point Mortgage Trust Inc. (GPMT) on Monday reported second-quarter earnings of $15.2 million.

The New York-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 38 cents per share.

The real estate investment trust posted revenue of $44.1 million in the period. Its adjusted revenue was $22.8 million.

Granite Point Mortgage Trust shares have climbed roughly 8 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.13, a decline of roughly 1 percent in the last 12 months.

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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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