Granite Point Mortgage Trust (GPMT) Company Report

Granite Point Mortgage Trust reported a GAAP net loss of $0.6 million (negative $0.01 per basic common share) and a distributable loss of $18.9 million (negative $0.40 per basic common share) for Q3 2025.
As of September 30, 2025, the loan portfolio had $1.7 billion in outstanding principal balance, maintained a weighted average risk rating of 2.8, and generated a realized loan portfolio yield of 7.5%.
During Q3 2025, the company resolved the Louisville student housing loan, realizing $3 million above carrying value , and achieved a $3.4 million partial paydown from the sale of the office portion of a Chicago property.
GPMT reduced its secured credit facility by $7.5 million in Q3 2025 and expects an additional $7.5 million reduction in Q4 2025, which is projected to improve annual earnings by $0.03 per common share.
The company plans to continue focusing on loan and REO resolutions and maintaining liquidity, with expectations to begin regrowing its portfolio in mid-2026.

Nov 6, 2025, 4:00 PM

Transcript

GPMT Announces Q3 2025 Results

GPMT

Earnings

Dividends

Demand Weakening

GPMT reported a GAAP Net Loss of $(0.01) per basic weighted average common share and Distributable Earnings (Loss) of $(0.40) per basic weighted average common share for Q3 2025. Distributable Earnings (Loss) Before Realized Gains and Losses were $0.02 per basic weighted average common share.
The company's book value per common share was $7.94 as of September 30, 2025, and it declared a common dividend of $0.05 per share for the quarter, representing a 6.7% annualized dividend yield.
GPMT's loan portfolio commitments totaled $1.8 billion across 44 investments, with a weighted average stabilized LTV at origination of 65.0%. The total allowance for credit losses (CECL reserve) was $133.6 million, or 7.4% of total loan portfolio commitments.
The company ended Q3 2025 with $62.7 million in unrestricted cash and a 1.9x total leverage ratio. Office exposure has been reduced by $(985) million, or 57%, since 2021, with the Q3 2025 office unpaid principal balance at $738 million.

Nov 6, 2025, 4:00 PM

Presentation

Granite Point Mortgage Trust Reports Q3 2025 Results

GPMT

Earnings

Debt Issuance

Granite Point Mortgage Trust Inc. reported a GAAP net loss for Q3 2025.
The company recognized a GAAP benefit from credit losses of $1.6 million, which contributed to reducing its net loss in Q3 2025.
Granite Point Mortgage Trust extended the maturity of its secured credit facility to December 2026 and reduced the financing spread by 75 basis points to manage financing costs.

Nov 6, 2025, 11:12 AM

Morningstar

Granite Point Mortgage Trust Inc. Reports Q3 2025 Financial Results

GPMT

Earnings

Dividends

Granite Point Mortgage Trust Inc. reported a GAAP net loss attributable to common stockholders of $(0.01) per basic weighted average common share and Distributable Earnings (Loss) of $(0.40) per basic weighted average common share for the third quarter of 2025.
As of September 30, 2025, book value per common share was $7.94, and the company declared a common stock dividend of $0.05 per common share.
The company's loan portfolio activity for Q3 2025 included net loan portfolio activity of $(109.7) million in unpaid principal balance, with $(72.4) million in loan repayments and $12.7 million in fundings.
The loan portfolio as of quarter-end was 97% floating rate with $1.8 billion in total loan commitments, and the company ended the quarter with $62.7 million in unrestricted cash.

Nov 5, 2025, 9:47 PM

Press Release

Granite Point Mortgage Trust Inc. Announces Q3 2025 Financial Results

GPMT

Earnings

Dividends

Demand Weakening

For Q3 2025, Granite Point Mortgage Trust Inc. reported a GAAP net loss attributable to common stockholders of $(0.6) million, or $(0.01) per basic weighted average common share, and Distributable Earnings (Loss) of $(18.9) million, or $(0.40) per basic weighted average common share.
The company's book value per common share was $7.94 as of September 30, 2025.
A common stock dividend of $0.05 per common share was declared for the quarter.
The total CECL reserve was $133.6 million, or 7.4% of total loan portfolio commitments, and the company ended the quarter with $62.7 million in unrestricted cash and a Total Leverage Ratio of 1.9x.

Nov 5, 2025, 9:30 PM

8-K

Granite Point Mortgage Trust Inc. Announces Q2 2025 Results

GPMT

Earnings

Dividends

Share Buyback

Granite Point Mortgage Trust Inc. reported a GAAP Net Loss of $(0.35) per share and Distributable Earnings (Loss) of $(0.94) per share for Q2 2025.
As of June 30, 2025, the company's Book Value per Common Share was $7.99, with a total loan portfolio of $1.9 billion across 47 loan investments and a total CECL reserve of $155.1 million, or 8.1% of total loan portfolio commitments.
The company maintained $85.1 million in unrestricted cash and a 2.1x total leverage ratio as of June 30, 2025, and repurchased 1.25 million shares for $3.1 million during the quarter.
Subsequent to quarter-end, in July, a loan secured by a student housing property was resolved, which is expected to result in a write-off of approximately $(19.3) million and a GAAP benefit from provision for credit losses of approximately $3.3 million. Unrestricted cash was $73.3 million as of August 4, 2025.

Aug 6, 2025, 3:00 PM

Presentation

Granite Point Mortgage Trust Q1 2025 Combined Earnings Results Update

GPMT

Earnings

Share Buyback

Dividends

Reported a GAAP net loss of $10.6 million (or $(0.22) per share) and a distributable loss of $27.7 million; declared a dividend of $0.05 per share.
Achieved a book value of $8.24 per share and a $21 million reduction in the CECL reserve.
Maintained a robust portfolio with $2B in total commitments (with $1.9B outstanding across 50 investments) and recorded net loan portfolio activity of $(161.4) million reflecting repayments, partial repayments, and resolutions.
Enhanced liquidity with approximately $86 million in unrestricted cash and executed share repurchases of about 900,000 common shares, contributing to a $0.10 per share book value accretion.
Improved portfolio quality by reducing high-risk nonaccrual loans from 5 to 3 and maintained a balanced leverage ratio of 2.2x.

May 7, 2025, 3:01 PM

Transcript Presentation

Granite Point Mortgage Trust Inc. Reports Q1 2025 Financial Results

GPMT

Earnings

Share Buyback

The company reported a GAAP net loss of $(10.6) million and Distributable Earnings (Loss) of $(27.7) million in Q1 2025, with a book value per common share of $8.24.
It progressed in its loan portfolio activity by resolving risk-rated loans totaling approximately $230 million, repurchasing about 0.9 million common shares at an average price of $2.84, and ending the quarter with $85.7 million in unrestricted cash.

May 6, 2025, 12:00 AM

8-K

Granite Point Mortgage Trust Inc. Announces Q1 2025 Earnings Schedule

GPMT

Earnings

Earnings release for Q1 2025 will be announced after market close on May 6, 2025, with a conference call scheduled for May 7, 2025 at 11:00 a.m. ET.
The company reported approximately $74 million in unrestricted cash and noted year-to-date principal repayments exceeding $70 million, with an anticipated additional $90 million in repayments.
Preliminary financial estimates include a GAAP net loss of $(10.6) million (or $(0.22) per share) and an estimated book value of $8.24 per share.

Apr 29, 2025, 12:00 AM

8-K