---
schema_version: "secwatch.filing_event.v1"
accession: "0001703644-23-000072"
form_type: "8-K"
ticker: "GPMT"
cik: "0001703644"
company_name: "Granite Point Mortgage Trust Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:28:13.955330+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Granite Point Q1 GAAP loss $0.72/shr; distributable earnings $0.20/shr covers dividend

## Summary
- GAAP net loss $(37.5)M ($(0.72)/shr) includes $(46.4)M provision for credit losses.
- Distributable earnings $10.7M ($0.20/shr) covers $0.20 common dividend.
- Book value $14.08/shr; CECL reserve $133M (3.8% of commitments).
- Board authorized additional 5M shares repurchase; Q1 bought 1M shares for $5.1M.
- Post-Q1: extended Morgan Stanley facility to June 2024 ($475M capacity); funded $4.7M, received $75.3M payoffs.

## SEC filing metadata
- accession: 0001703644-23-000072
- form_type: 8-K
- ticker: GPMT
- cik: 0001703644
- company_name: Granite Point Mortgage Trust Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703644/000170364423000072/0001703644-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703644/000170364423000072/gpmt-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001703644-23-000072
- JSON: https://secwatch.observer/filing/0001703644-23-000072.json
- Plain text: https://secwatch.observer/filing/0001703644-23-000072.txt

## Key facts
- Earnings Releases
  Granite Point Mortgage Trust Inc. reported the fiscal quarter ended March 31, 2023 results: net income $(37.5) million, EPS $(0.72) per basic share.
  - Period: the fiscal quarter ended March 31, 2023
  - Net income: $(37.5) million
  - EPS: $(0.72) per basic share
  - Result: reported results
  source text: GAAP net (loss) (1) of $(37.5) million, or $(0.72) per basic share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703644/000170364423000072/0001703644-23-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.