Granite Point Mortgage Trust Inc. Reports Third Quarter 2026 Financial Results and Post Quarter-End Update
Business Wire•04/11/2026•16:15 ET
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Key Highlights
- ➤GAAP net loss attributable to common stockholders reached $60.3 million, or $12.50 per share
- ➤Distributable Loss Before Realized Gains and Losses totaled $8.4 million, or $1.74 per share
- ➤Book value per common share was $44.54, including $38.58 of CECL reserves
- ➤Loan portfolio commitments fell to $1.4 billion after $89.5 million in repayments and resolutions
- ➤JPMorgan financing extension and CLO refinancing lowered funding costs and enhanced financial flexibility
Expert Statements
Jack Taylor, President and Chief Executive Officer of Granite Point Mortgage Trust
“During the third quarter, we made significant progress with our loan portfolio by resolving two risk rated ‘5’ loans and collecting full repayments on two loans secured by office properties. In addition, we completed several important financing initiatives to reduce our cost of funds and enhance asset management and financial flexibility.”
Jack Taylor, President and Chief Executive Officer of Granite Point Mortgage Trust
“As our Board continues its previously announced review of alternatives to enhance stockholder value, we remain focused on prudently managing our portfolio by pursuing further repayments, resolutions and REO sales.”
Granite Point Mortgage Trust Inc. Reports Third Quarter 2026 Financial Results and Post Quarter-End Update
Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended September 30, 2026, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2026 financial results can be viewed at www.gpmtreit.com .
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