secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001703644-23-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Point Q4 GAAP net loss $9.9M ($0.19/sh); book value $14.86; declares $0.20 dividend
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- Q4 GAAP net loss $9.9M ($0.19/sh) includes $16.5M provision for credit losses.
- Distributable loss $8.2M ($0.16/sh); pre-loss distributable earnings $9.0M ($0.17/sh).
- Book value $14.86/sh; CECL reserve $86.6M (2.41% of portfolio commitments).
- Declared $0.20/common share dividend; Series A preferred $0.4375/sh.
- Ended Q4 with $133.1M cash, debt/equity 2.3x; post-quarter $110M cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364423000050/0001703644-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364423000050/gpmt-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001703644-23-000050

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