Core Insights - Granite Point Mortgage Trust Inc. reported a GAAP net loss attributable to common stockholders of $(0.6) million, or $(0.01) per basic weighted average common share, which included a benefit from credit losses of $1.6 million [4] - The company declared a common stock dividend of $0.05 per share and a cash dividend of $0.4375 per share for its Series A preferred stock [4] - The total loan portfolio experienced a net activity of $(109.7) million in unpaid principal balance, with $(72.4) million in loan repayments [4] Financial Performance - Distributable Earnings (Loss) for the quarter was $(18.9) million, or $(0.40) per basic weighted average common share [4] - Distributable Earnings (Loss) Before Realized Gains and Losses was $0.9 million, or $0.02 per basic weighted average common share [4] - The book value per common share was $7.94, which included $(2.82) per common share of total CECL reserve [4] Loan Portfolio and Risk Management - The company carried a 97% floating rate loan portfolio with total loan commitments of $1.8 billion, comprised of over 99% senior loans [4] - The weighted average stabilized loan-to-value (LTV) at origination was 65.0%, with a realized loan portfolio yield of 7.5% [4] - The total CECL reserve stood at $133.6 million, representing 7.4% of total loan portfolio commitments [4] Post Quarter-End Update - In Q4 2025, the company funded approximately $2.3 million on existing loan commitments and received a full loan repayment of $32.7 million [4] - The maturity of the secured credit facility was extended to December 2026, and the financing spread was reduced by 75 basis points [4] - As of November 3, 2025, the company held approximately $80.1 million in unrestricted cash [4]

Financial Performance - GAAP Net Loss attributable to common stockholders was $(10.6) million, or $(0.22) per basic common share[8, 13] - Distributable Earnings Loss was $(27.7) million, or $(0.57) per basic common share[7, 8] - Distributable Earnings Loss Before Realized Gains and Losses was $(3.0) million, or $(0.06) per basic common share[7, 8] - Common stock dividend was $0.05 per share[7, 10] - Book Value per Common Share was $8.24[7, 13] Portfolio Overview - Total Loan Portfolio Commitments amounted to $2.0 billion across 50 loan investments[7, 8] - The unpaid principal balance of the loan portfolio was $1.9 billion[26, 37] - The weighted average stabilized LTV at origination was 64.5%[7, 25, 26] - The total CECL reserve was $180.2 million, representing 8.8% of total loan portfolio commitments[7, 8] - Net loan portfolio activity resulted in a decrease of $(161.4) million in unpaid principal balance[8, 24] Capitalization and Liquidity - The company had $85.7 million in unrestricted cash[7, 8, 10] - The total leverage ratio was 2.2x[7, 8, 34] - $2.1 billion financing capacity with $1.4 billion outstanding[7]