Granite Point Mortgage Trust: 3Q Earnings Snapshot
NEW YORK (AP) _ Granite Point Mortgage Trust Inc. (GPMT) on Tuesday reported third-quarter earnings of $17.4 million.
On a per-share basis, the New York-based company said it had net income of 32 cents. Earnings, adjusted for stock option expense, were 34 cents per share.
The real estate investment trust posted revenue of $63.4 million in the period. Its adjusted revenue was $27.1 million.
Granite Point Mortgage Trust shares have risen 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.60, declining slightly in the last 12 months.