Granite Point Mortgage Trust (GPMT) reported a FY 2025 GAAP net loss attributable to common stockholders of USD 55.6 million, or USD 1.16 per basic share. Distributable Earnings (Loss) attributable to common stockholders was a loss of USD 94.6 million, or USD 1.98 per basic share, while Distributable Earnings (Loss) Before Realized Gains and Losses was a loss of USD 7.2 million, or USD 0.15 per basic share. Net interest income in FY 2025 was USD 33.8 million; total interest income was USD 131.7 million and total interest expense was USD 97.9 million. GPMT declared FY 2025 common dividends of USD 0.20 per share (USD 10.4 million total) and preferred dividends of USD 14.4 million (USD 1.75 per Series A preferred share). Book value per common share was USD 7.29 at December 31, 2025, inclusive of USD 148.4 million in allowance for credit losses (USD 3.12 per share). For portfolio and corporate updates, GPMT ended 2025 with 43 loan investments totaling USD 1.8 billion of commitments and USD 1.7 billion of unpaid principal balance, with a weighted-average stabilized LTV at origination of 65.0% and weighted-average all-in yield at origination of SOFR plus 3.93%. During FY 2025, it realized USD 468.7 million of aggregate reductions in unpaid principal balance and funded USD 50.7 million of prior commitments and other investments. The company also resolved several loans via property sales or modification, acquired title to an office property in Miami Beach, FL via deed-in-lieu (USD 72.5 million carrying value at closing), and sold an office property in Phoenix, AZ for a USD 16.7 million net sales price, generating a USD 0.3 million gain. GPMT repurchased 2.1 million common shares for USD 5.7 million and extended multiple financing facilities into 2026; it finished the year with unrestricted cash of USD 66.0 million and restricted cash of USD 14.1 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Granite Point Mortgage Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001703644-26-000012), on March 02, 2026, and is solely responsible for the information contained therein.