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Granite Point Mortgage (DE:G18)
FRANKFURT:G18
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.69Last Year’s EPS
-0.16Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 27.81%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in resolving high-risk loans and active loan repayments. There was a positive development in the share buyback program and improvement in loan portfolio yield. However, the company reported a GAAP net loss and a substantial distributable loss during the quarter. Market uncertainty and a decrease in book value were also key concerns.Company Guidance
During the Granite Point Mortgage Trust First Quarter 2025 Financial Results Conference Call, management provided guidance on several key metrics. The company successfully resolved four risk-rated five loans, reducing the count from seven to three, with the resolutions totaling about $229 million in unpaid principal balances. They reported a GAAP net loss of $10.6 million or negative $0.22 per share and a distributable loss of $27.7 million or negative $0.57 per share. The company's book value as of March 31 was $8.24 per share, a decline primarily due to the GAAP net loss, partially offset by accretive share buybacks that benefited book value by about $0.10 per share. The realized loan portfolio yield improved by 20 basis points to 6.8%, excluding non-accrual loans, which would have been 8.5%. Granite Point actively repurchased about 900,000 shares of their common stock, with approximately 3.9 million shares remaining under authorization. The company's CECL reserve decreased to $180 million or $3.72 per share, driven by write-offs related to resolved loans. They maintain a strong liquidity position with $86 million in unrestricted cash and a total leverage ratio of 2.2x. The company anticipates resuming new loan originations later in 2025 while continuing to focus on resolving non-accrual loans and maintaining higher liquidity.Resolution of High-Risk Loans
Successfully resolved four risk-rated five loans, totaling approximately $229 million, reducing the number from seven to three.
Active Loan Repayments and Pay Downs
Achieved about $172 million in loan repayments, pay downs, and resolutions in Q1 2025.
Share Buyback Program
Repurchased approximately 900,000 common shares in Q1 2025 with $3.9 million shares remaining under the current authorization.
Loan Portfolio Yield Improvement
Realized loan portfolio yield increased to 6.8% in Q1 2025, excluding non-accrual loans, the yield was 8.5%.
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DE:G18 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:G18 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | €1.69 | €1.64 | -2.96% |
Feb 13, 2025 | €2.84 | €2.92 | +2.74% |
Nov 06, 2024 | €2.45 | €2.52 | +3.15% |
Aug 05, 2024 | €2.29 | €2.22 | -3.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Granite Point Mortgage (DE:G18) report earnings?
Granite Point Mortgage (DE:G18) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is Granite Point Mortgage (DE:G18) earnings time?
Granite Point Mortgage (DE:G18) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Granite Point Mortgage stock?
The P/E ratio of Granite Point Mortgage is N/A.
What is DE:G18 EPS forecast?
DE:G18 EPS forecast for the fiscal quarter 2025 (Q2) is -0.69.
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