Earnings Releases·Nov 4, 2026, 4:15 PM ET

Granite Point Mortgage Trust Inc. — Third Quarter 2026 Earnings Summary

GAAP net loss widened significantly to $(60.3) million ($12.50/share) from $(565) thousand ($0.12/share) in Q3 2025, driven by a $45.4 million provision for credit losses and a drop in net interest income to $416 thousand from $10.296 million year-over-year.
Distributable Earnings (Loss) reached $(33.7) million ($6.99/share) compared to a $(1.0) million loss in the prior year period, while book value per share stood at $44.54 inclusive of a $185.9 million (13.7% of portfolio) CECL reserve.
Strategic capital management included a one-for-ten reverse stock split, refinancing of legacy CLOs to lower funding costs, and the extension and upsizing of the JPMorgan financing facility to July 2028.
The Board is conducting a review of alternatives to enhance stockholder value, while the company continues to focus on portfolio management through loan resolutions, REO sales, and the collection of full repayments on specific office and multifamily assets.
No specific forward-looking financial guidance or revenue targets were provided, though the company declared a $0.10 common stock dividend and a $0.4375 Series A preferred stock dividend.