secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001703644-23-000072
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364423000072/0001703644-23-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364423000072/gpmt-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001703644-23-000072

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