Granite Point reports Q4 GAAP net loss $17.1M; distributable loss $0.52 per share

Granite Point Mortgage Trust Inc.

2023-FY EPS reported -$1.50

Q4 GAAP net loss $(17.1)M ($0.33/share) incl. $(21.6)M provision; FY net loss $(77.6)M.
Book value per share $12.91 incl. $(2.71) CECL reserve; dividend $0.20/share declared.
Loan portfolio $2.9B, 98% floating; resolved $92.6M nonaccrual loan, booked $33.3M loss.
FY loan repayments/paydowns/resolutions $730.2M; repurchased ~3.8% of shares.
Post-Q: cash ~$170M; funded $7.1M, received $5.9M paydowns; leverage 2.1x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Granite Point Mortgage Trust Inc. reported financial results for the fiscal quarter and year ended December 31, 2023.

Period: the fiscal quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, Granite Point Mortgage Trust Inc. issued a press release announcing its financial results for the fiscal quarter and year ended December 31, 2023.

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Granite Point Mortgage Trust Inc. filing history →

Source: SEC EDGAR

accession 0001703644-24-000017

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