Looking ahead, Taylor said early 2026 momentum has continued and could support higher transaction activity and asset resolution progress. He emphasized ongoing efforts to reduce higher-cost debt and advance asset resolutions, which he said should reduce portfolio risk and improve net interest spread.He also pointed to expanded lending volume, improved conditions in the CMBS market, and stronger CLO issuance. Taylor added that larger commercial banks have been more active—particularly in warehouse financing— ...

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a GAAP net loss attributable to common stockholders of $27.4 million, or -$0.58 per basic common share, which includes a provision for credit losses of $14.4 million and an impairment loss in the Miami Beach REO asset of $6.8 million [15] - The book value at December 31st was $7.29 per common share, a decline of $0.65 per share from Q3, largely due to the provision for credit losses and impairment loss on REO [15] - The aggregate CECL reserve at December 31st was about $148 million, an increase from $134 million in the previous quarter, primarily due to an increase in specific reserves on collateral-dependent loans [16] Business Line Data and Key Metrics Changes - The total loan portfolio commitments at year-end were $1.8 billion, with an outstanding principal balance of $1.7 billion and about $77 million of future fundings, accounting for only about 4% of total commitments [9] - The realized loan portfolio yield for Q4 was 6.7%, which would have been 8% excluding nonaccrual loans [9] - The company had an active year of loan repayments and resolutions totaling about $469 million during 2025, with $45 million of loan repayments in Q4 [10] Market Data and Key Metrics Changes - The commercial real estate industry experienced strong momentum in 2025, with increased capital availability and improved fundamentals across many markets and property types [5] - Larger commercial banks became more active in warehouse financing, and regional banks began returning to the market, contributing to greater liquidity [6] - The market momentum from 2025 has continued into early 2026, setting the stage for potentially stronger transaction activity across property types [7] Company Strategy and Development Direction - The company aims to reduce higher-cost debt and focus on asset resolutions, with plans to begin regrowing the portfolio in the latter half of 2026 [8] - The strategy includes reallocating capital in the portfolio and recycling into new originations as a high priority [8] - The company plans to remain focused on loan and REO resolutions in the first half of 2026, with expectations for the portfolio balance to trend lower until new originations begin [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is a risk of future losses, they believe they are appropriately reserved for current loans, with expectations for upgrades and downgrades in the portfolio [25] - The overall sentiment in the multifamily sector is cautiously optimistic, with expectations for recovery in the second half of the year [32] - Management expressed confidence in the progress made in loan resolutions and the constructive environment for capital, which should aid in further repayments and resolutions [27] Other Important Information - The company ended the quarter with about $66 million of unrestricted cash, and total leverage increased slightly from 1.9 times to 2.0 times [17] - The company has received two full loan repayments of $174 million combined post-quarter end [10] Q&A Session Summary Question: How is the company thinking about the economics of new origination versus returning capital to shareholders? - The company plans to continue resolving loans and decreasing leverage until they start originating again later in the year [19] Question: What is the current reserve position and likelihood for further reserve build? - The company updates the general reserve based on the latest economic forecasts, with the biggest driver being a decrease in the CRE price index [21][22] Question: Where may book value per share trough in this cycle? - Management acknowledged the risk of future losses and indicated that the majority of the portfolio is performing well, with ongoing resolutions [25][26] Question: What are the expectations for the multifamily property type? - Management noted that while there was a downgrade in a specific multifamily loan, the overall trend in the multifamily sector is expected to be positive [31][32] Question: What are the scheduled maturities looking like in the first half of the year? - The company expects the portfolio to decrease through mid-2026 before beginning to regrow, with visibility on certain loans coming up for maturity [37]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a GAAP net loss attributable to common stockholders of $27.4 million, or -$0.58 per basic common share, which includes a provision for credit losses of $14.4 million, or -$0.30 per share, and an impairment loss in the Miami Beach REO asset of $6.8 million, or -$0.14 per share [15] - The book value at December 31 was $7.29 per common share, a decline of $0.65 per share from Q3, primarily due to the provision for credit losses and impairment loss on REO [15] - The aggregate CECL reserve at December 31 was approximately $148 million, up from $134 million in the previous quarter, reflecting an increase in specific reserves on collateral-dependent loans and worsening macroeconomic forecasts [16] Business Line Data and Key Metrics Changes - The total loan portfolio commitments at year-end were $1.8 billion, with an outstanding principal balance of $1.7 billion and about $77 million of future fundings, accounting for only about 4% of total commitments [9] - The realized loan portfolio yield for Q4 was 6.7%, which would have been 8% excluding nonaccrual loans [9] Market Data and Key Metrics Changes - The commercial real estate industry experienced strong momentum in 2025, with increased capital availability and improved fundamentals across many markets and property types [5] - Lending volume expanded to a wider range of property types and markets, benefiting the CMBS market and strengthening CLO issuance [5][6] Company Strategy and Development Direction - The company aims to reduce higher-cost debt and focus on asset resolutions, with plans to begin regrowing the portfolio in the latter half of 2026 [7][8] - The strategy includes reallocating capital in the portfolio and recycling into new originations as a high priority [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the market momentum from 2025 has continued into early 2026, setting the stage for potentially stronger transaction activity across property types [7] - The company expects to see upgrades and downgrades in credit ratings, with ongoing risks of future losses embedded in their reserves [25][26] Other Important Information - The company had an active year of loan repayments and resolutions totaling about $469 million during 2025, with $45 million of loan repayments in Q4 [10] - The company is focused on resolving remaining rated loans, particularly in the office sector, and is optimistic about the overall performance of the portfolio [26][30] Q&A Session Summary Question: How is the company thinking about the economics of new origination versus returning capital to shareholders? - The company plans to continue resolving loans and decreasing leverage until it starts originating again later in the year [19] Question: What is the current reserve position and likelihood for further reserve build? - The company updates its CECL process quarterly, with the current reserve reflecting the latest economic forecasts, and believes it is appropriately reserved for collateral-dependent loans [21][22] Question: Where may book value per share trough in this cycle? - Management acknowledged the risk of future losses and noted that the majority of the portfolio is performing well, with ongoing resolutions expected [25][26] Question: What are the expectations for the multifamily property type? - The company feels positive about the multifamily sector overall, despite some downgrades, and expects a recovery trend in the second half of the year [31][32] Question: What is the visibility on scheduled maturities? - The company expects the portfolio to decrease through mid-2026 before stabilizing and regrowing, with clear communication with borrowers regarding expectations for loan repayments [37][39]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported a GAAP net loss attributable to common stockholders of $27.4 million, or -$0.58 per basic common share, which includes a provision for credit losses of $14.4 million and an impairment loss in the Miami Beach REO asset of $6.8 million [16] - The book value at December 31 was $7.29 per common share, a decline of $0.65 per share from Q3, primarily due to the provision for credit losses and impairment loss on REO [16] - The aggregate CECL reserve at December 31 was approximately $148 million, an increase from $134 million in the previous quarter, mainly due to an increase in specific reserves on collateral-dependent loans [17] Business Line Data and Key Metrics Changes - The total loan portfolio commitments at year-end were $1.8 billion, with an outstanding principal balance of $1.7 billion and about $77 million of future fundings, accounting for only 4% of total commitments [10] - The realized loan portfolio yield for Q4 was 6.7%, which would have been 8% excluding nonaccrual loans [10] - The company had an active year of loan repayments and resolutions totaling about $469 million during 2025, with $45 million of loan repayments in Q4 [11] Market Data and Key Metrics Changes - The commercial real estate industry experienced strong momentum in 2025, with increased capital availability and improved fundamentals across many markets and property types [5] - Larger commercial banks became more active in warehouse financing, and regional banks began returning to the market, contributing to greater liquidity [6] - The market momentum from 2025 continued into early 2026, setting the stage for potentially stronger transaction activity across property types [7] Company Strategy and Development Direction - The company aims to reduce higher-cost debt and focus on asset resolutions in the first half of 2026, with plans to begin regrowing the portfolio in the latter half of the year [9] - The strategy includes reallocating capital in the portfolio and recycling into new originations as a high priority [9] - The company is focused on loan and REO resolutions, expecting the portfolio balance to trend lower in the near term until new originations begin [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market conditions, indicating that 2026 could be a stronger year for the industry with forecasted growth in transaction activity and increased liquidity from traditional lenders [7] - The management acknowledged the risks associated with credit migration and potential future losses, emphasizing that the current reserves are appropriate [25][26] - The company is monitoring the situation closely regarding specific loans and expects to have more updates in the coming quarters [12] Other Important Information - The company has received two full loan repayments of $174 million combined post-quarter end [9] - The company continues to invest in its REO assets to maximize outcomes and is actively engaged in value-enhancing repositioning opportunities [13] Q&A Session Summary Question: How does the company view the economics of new origination versus returning capital to shareholders? - The company plans to focus on resolving loans and decreasing leverage until it resumes origination later in the year [20] Question: What is the current reserve position and likelihood for further reserve build? - The company updates its CECL process quarterly, with the current reserve reflecting the latest economic forecasts, and believes it is appropriately reserved for collateral-dependent loans [21][22] Question: What are the expectations for book value per share and future losses? - Management acknowledged the risk of upgrades and downgrades in credit migration and indicated that future losses may occur, but they are embedded in the current reserves [25] Question: What is the visibility on scheduled maturities and portfolio size? - The company expects the portfolio to decrease through mid-2026 before stabilizing and regrowing later in the year, with ongoing communication with borrowers regarding upcoming maturities [36][40]

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Q4 and Full Year 2025 Financial Results and Post Quarter-End Update. ...

Granite Point Mortgage Trust Inc. Reports Q4 and Full Year 2025 Financial Results and Post Quarter-End Update NEW YORK, February 11, 2026 – Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ended December 31, 2025, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing fourth quarter and full year 2025 financial results can be viewed at www.gpmtreit.com ...

Group 1 - The article introduces J. Collinski as a new contributing analyst for Seeking Alpha, inviting others to share their investment ideas for publication and potential earnings [1] - J. Collinski has a background in Immunobiology with a PhD from Yale University and has been investing since 2016, focusing on long-term value investments [2] - The investment strategy includes targeting sectors undergoing market disruptions or crises, with a preference for holding investments for multi-year periods [2] Group 2 - The analyst has a beneficial long position in GPMT shares, indicating confidence in the stock's performance [3] - The article emphasizes that past performance does not guarantee future results and that no specific investment advice is being provided [4]

Distribution Summary - The total cash distribution per share for 2025 is $0.200000 for common stock and $1.750000 for Preferred Series A stock [3][9] - The ordinary dividends for both common and preferred stock are $0.050000 and $0.437500 per share respectively for each distribution period [3][9] - The cash distributions are scheduled for multiple dates throughout 2025, with record dates preceding the payable dates [2][8] Tax Treatment - Cash distributions made on January 15, 2025, and January 15, 2026, are treated as received by stockholders on December 31, 2024, and December 31, 2025, respectively, due to the excess of cash distributions over earnings and profits [3][4][9] - The qualified dividends portion may be eligible for capital gains tax rates, while Section 199A dividends may qualify for a 20% deduction under Section 199 [5][10][12]

Group 1 - The Investment Doctor emphasizes the importance of a diversified portfolio consisting of both dividend and growth stocks, particularly focusing on European small-cap companies with a 5-7 year investment horizon [1] - The investment group European Small Cap Ideas provides exclusive access to actionable research on attractive Europe-focused investment opportunities, highlighting high-quality ideas in the small-cap sector [1] - The offerings include two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content to enhance understanding of European investment opportunities [1] Group 2 - The analyst has a beneficial long position in GPMT.PR.A, indicating a positive outlook on this specific investment [2] - There is an intention to potentially increase the position in GPMT.PR.A when it reaches the low-$20 range, suggesting a strategic approach to investment timing [3]

Core Points - Granite Point Mortgage Trust Inc. declared a quarterly cash dividend of $0.05 per share of common stock for Q4 2025, payable on January 15, 2026, to shareholders of record as of December 30, 2025 [1] - The Company also declared a quarterly cash dividend of $0.4375 per share for the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for Q4 2025, also payable on January 15, 2026, to holders of record as of December 30, 2025 [2] Business Update - During the quarter, the Company funded approximately $4.8 million in unpaid principal balance on existing loans and realized about $39.0 million in full and partial principal repayments [8] - The Company refinanced a property in Maynard, MA, with a first mortgage of $18.0 million and a financing spread of S+3.05% [8] - Secured credit facility borrowings were reduced by $7.5 million, and as of December 16, the Company had approximately $66.9 million in unrestricted cash [8] Company Overview - Granite Point Mortgage Trust Inc. is focused on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments [4]