secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001703644-22-000108
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GPMT posts Q2 GAAP net loss of $17.4M, distributable earnings $11.7M; maintains $0.25 dividend
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- GAAP net loss of $17.4M ($0.32/share) includes $13M debt extinguishment loss and $13.6M credit loss provision.
- Distributable earnings (non-GAAP) of $11.7M ($0.22/share); declared $0.25/common share dividend.
- Book value $16.01 per share; CECL reserve ~$50.1M (1.18% of portfolio). Leverage 2.7x.
- Repurchased 1.5M shares for $15.7M at avg $10.18, accretive $0.17/book value.
- Post quarter-end: funded $54M, received $155M repayments; cash $132M; refinanced facilities and extended maturities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364422000108/0001703644-22-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364422000108/gpmt-20220808.htm
  HTML page:      https://secwatch.observer/filing/0001703644-22-000108

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