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Granite Point Mortgage Trust: 1Q Earnings Snapshot

NEW YORK (AP) _ Granite Point Mortgage Trust Inc. (GPMT) on Monday reported first-quarter net income of $17 million.

On a per-share basis, the New York-based company said it had profit of 34 cents. Earnings, adjusted for stock option expense, were 36 cents per share.

The real estate investment trust posted revenue of $58.1 million in the period. Its adjusted revenue was $26.1 million.

Granite Point Mortgage Trust shares have risen 7% since the beginning of the year. The stock has increased 15% 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