Granite Point Mortgage Trust shares rise 5.14% intraday after reporting progress in resolving nonperforming loans and reducing higher-cost debt.
ByAinvest
Wednesday, Aug 6, 2025 2:31 pm ET1min read
GPMT--
Granite Point Mortgage Trust Inc. rose 5.14% during intraday trading. The company reported a net loss of $17 million for Q2 2025, but also highlighted progress in resolving nonperforming loans and reducing higher-cost debt. The company's President and CEO, Jack Taylor, mentioned that five risk-rated 5 loans have been resolved year-to-date, with only two remaining. Additionally, the company sold an REO office property during the quarter.
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