secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001703644-22-000117
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Point reports Q3 GAAP net loss $29.1M, distributable earnings $0.17/share
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- GAAP net loss of $29.1M ($0.56 loss per share) includes $35.4M provision for credit losses.
- Distributable earnings (non-GAAP) of $8.7M, or $0.17 per basic share.
- Book value $15.24 per share; declared $0.25/common dividend.
- Post quarter-end: resolved $114.1M non-accrual loan; expects ~$16.5M loss (already reserved).
- Portfolio $3.9B commitments, 98% floating rate, weighted avg yield LIBOR/SOFR+4.07%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364422000117/0001703644-22-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364422000117/gpmt-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001703644-22-000117

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