secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001703644-23-000105
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Point Q2 GAAP net income $1.4M ($0.03/sh); Pre-loss DE $0.20 covers dividend
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- Pre-loss Distributable Earnings $10.2M ($0.20/sh) covers $0.20/common dividend; GAAP net income $1.4M ($0.03/sh).
- Book value $13.93 per share; total CECL reserve $134.6M (4.1% of portfolio), including $62.3M specific reserves.
- Portfolio $3.3B commitments, >99% senior loans, 98% floating rate, weighted average stabilized LTV 62.9%, yield 8.2%.
- Ended Q2 with >$235M cash; leverage 2.3x; extended Morgan Stanley/Goldman facilities to June/July 2024.
- Post quarter-end: funded $9.7M, received $22.6M payoffs; extended J.P. Morgan facility to July 2025; >$225M cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364423000105/0001703644-23-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364423000105/gpmt-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001703644-23-000105

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