Earnings ·
Granite Point Mortgage Trust Inc. reported a GAAP net loss attributable to common stockholders of $62.0 million, or…
GPMTGranite Point Mortgage Trust Inc.
Granite Point Mortgage Trust Inc. reported a GAAP net loss attributable to common stockholders of $62.0 million, or $1.29 per share, for the quarter ended June 30, 2026, driven by a $47.0 million provision for credit losses and $6.1 million in real estate impairment. The company declared a quarterly common dividend of $0.05 per share and a preferred dividend of $0.4375 per share. Post-quarter-end, the firm refinanced its two legacy CLOs with JPMorgan, lowering the weighted average cost of funds by 38 basis points to SOFR plus 2.00%. The loan portfolio decreased by $121.8 million in unpaid principal balance due to repayments and resolutions, while book value per common share stood at $5.70. Granite Point Mortgage Trust Inc. is a real estate investment trust focused on originating and investing in senior floating-rate commercial mortgage loans.