Granite Point Mortgage Trust: Q4 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Wednesday reported a loss of $13.5 million in its fourth quarter.

The New York-based company said it had a loss of 33 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 14 cents per share.

The real estate investment trust posted revenue of $61.5 million in the period. Its adjusted revenue was $17.3 million.

For the year, the company reported a loss of $63.2 million, or $1.50 per share. Revenue was reported as $82 million.

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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