Welcome to our dedicated page for Granite Point Mo news (Ticker: GPMT), a resource for investors and traders seeking the latest updates and insights on Granite Point Mo stock.
Granite Point Mortgage Trust Inc. originates, invests in and manages senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Company news commonly covers quarterly results, loan portfolio commitments, repayments, resolutions of risk-rated loans, CECL reserves, portfolio yield, leverage and repurchase financing costs.
Updates also include common and preferred stock dividends, dividend tax information, share repurchases, unrestricted cash, annual meeting matters and business updates tied to commercial real estate credit performance. The company's reports frequently discuss bridge and transitional financing exposure, loan risk ratings and balance-sheet actions affecting its mortgage REIT portfolio.
Granite Point Mortgage Trust (NYSE: GPMT) reported second quarter 2026 GAAP net loss attributable to common stockholders of $(62.0) million, or $(1.29) per basic share. Distributable Earnings (Loss) were $(37.7) million, or $(0.79) per share, and Distributable Earnings (Loss) Before Realized Gains and Losses were $(4.9) million, or $(0.10) per share.
Book value per common share was $5.70, inclusive of a total CECL reserve of $(3.44) per share and $165.8 million overall, equal to 11.4% of loan commitments. The company declared a $0.05 common dividend and $0.4375 per Series A preferred share. Net loan portfolio activity reflected a $(121.8) million decline in unpaid principal balance, driven by $129.8 million of repayments, resolutions and amortization and $8.0 million of fundings. The portfolio totaled $1.5 billion in loan commitments, 97% floating rate and 100% senior, with a weighted average stabilized LTV at origination of 66.1% and realized portfolio yield of 6.0%. Granite Point ended the quarter with $58.5 million of unrestricted cash and a total leverage ratio of 1.9x, and subsequently refinanced two legacy CLOs with JPMorgan, reducing their weighted average cost by 38 basis points to S+2.00%.
Granite Point Mortgage Trust (NYSE:GPMT) announced it has refinanced the assets previously financed in its two remaining CRE CLOs, GPMT 2021-FL3 and GPMT 2021-FL4, onto its JPMorgan Chase Bank repurchase facility. The company recently extended this facility to July 2028, with three additional one-year extension options.
In connection with the refinancing, Granite Point upsized the JPMorgan repurchase facility to $651 million. As of June 30, 2026, the two CRE CLOs had combined debt obligations of $521 million at a weighted average cost of funds of SOFR+2.38%. The refinancing reduces the weighted average cost of funds by about 38 basis points to SOFR+2.00%. As of July 31, 2026, the company held approximately $35.1 million in unrestricted cash.
Granite Point Mortgage Trust (NYSE: GPMT) will release its financial results for the quarter ended June 30, 2026 after market close on Wednesday, August 5, 2026. A conference call to review the results will be held on Thursday, August 6, 2026 at 11:00 a.m. ET, with live and archived access via phone and the company’s investor website.
Granite Point Mortgage Trust (NYSE:GPMT) declared a Q2 2026 common stock dividend of $0.05 per share and a Series A preferred dividend of $0.4375 per share, both payable July 15, 2026 to shareholders of record on July 1, 2026.
The company funded about $6.8 million on existing loans, resolved a previously nonaccrual $76.0 million Chicago retail loan with an expected $30.2 million write-off already reserved, sold two Dallas office debt interests, extended its Citibank facility to April 2027, and reported $58.3 million in unrestricted cash as of June 12, 2026.
Granite Point Mortgage Trust (NYSE: GPMT) reported first quarter 2026 results and a post-quarter update. GAAP net loss was $(6.0) million (−$0.13/sh), distributable loss was $(3.0) million (−$0.06/sh), and book value per share was $7.05. Total CECL reserve was $148.5 million (9.4% of loan commitments), decreasing to ~7.9% after post-quarter resolutions. Quarter-end unrestricted cash was $43.6 million and total leverage ratio was 1.7x. Net loan portfolio unpaid principal balance declined by $175.1 million driven by $189.4 million of repayments/sales and $14.3 million of fundings.
Granite Point Mortgage Trust (NYSE: GPMT) announced a Q1 2026 hotel loan sale and a Q2 resolution of a risk-rated “5” loan, and set dates for Q1 2026 earnings. The Company sold a $12.9 million hotel loan above principal and carrying value and resolved a $76.0 million retail loan.
GPMT expects an approximate $(30.1) million write-off covered by a prior $31.3 million allowance and a GAAP provision benefit of about $1.2 million for Q1 2026. Earnings release: May 5, 2026 (after close); conference call: May 6, 2026 at 11:00 a.m. ET.
Granite Point Mortgage Trust (NYSE: GPMT) declared quarterly cash dividends for Q1 2026: $0.05 per common share and $0.4375 per share on the 7.00% Series A preferred, both payable April 15, 2026 to holders of record April 1, 2026.
Business update: funded approx. $10.9M in UPB, realized about $(174.3)M in full principal repayments, reduced weighted cost of funds from S+3.08% to approx. S+2.49%, lowered total leverage ratio from 2.0x to approx. 1.7x, repurchased 0.2M common shares for approx. $0.3M, and held approx. $50.6M in unrestricted cash as of March 10, 2026.
Granite Point Mortgage Trust (NYSE:GPMT) will hold its 2026 Annual Meeting of Stockholders virtually on June 4, 2026 at 10:00 a.m. ET. Stockholders of record as of April 6, 2026 are eligible to vote and submit questions electronically.
Attendance and replay are via www.virtualshareholdermeeting.com/GPMT2026; a replay will be available for one year after the meeting.
Granite Point Mortgage Trust (NYSE: GPMT) reported Q4 2025 GAAP net loss of $(27.4)M and full-year GAAP net loss of $(55.6)M. Book value per share was $7.29 with a total CECL reserve of $148.4M (8.4% of commitments).
Post-quarter, GPMT received $174.3M of loan repayments, reduced repurchase financing cost by ~60bps and lowered total leverage from 2.0x to ~1.7x.
Granite Point Mortgage Trust (NYSE: GPMT) will release financial results for the quarter and full year ended December 31, 2025, after market close on Wednesday, February 11, 2026.
Management will host a conference call to review results on Thursday, February 12, 2026 at 11:00 a.m. ET; a live webcast and telephone playback with Access Code 13758005 will be available.