---
schema_version: "secwatch.filing_event.v1"
accession: "0001703644-24-000070"
form_type: "8-K"
ticker: "GPMT"
cik: "0001703644"
company_name: "Granite Point Mortgage Trust Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:08:08.428847+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Granite Point Mortgage Trust Q1 2024 GAAP net loss $77.7M, book value $11.14

## Summary
- GAAP net loss attributable to common of $77.7M ($1.53/share), including $75.6M provision for credit losses.
- Distributable earnings (non-GAAP) were $1.3M ($0.03/share); cash dividend maintained at $0.15/share.
- Book value per share fell to $11.14, reflecting $(4.17) per share of CECL reserve.
- CECL reserve grew to $212.7M (7.5% of total commitments); portfolio 98% floating rate, 63.5% avg LTV.
- Ended quarter with >$155M unrestricted cash; post-quarter cash ~$130M; leverage ratio 2.3x.

## SEC filing metadata
- accession: 0001703644-24-000070
- form_type: 8-K
- ticker: GPMT
- cik: 0001703644
- company_name: Granite Point Mortgage Trust Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1703644/000170364424000070/0001703644-24-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1703644/000170364424000070/gpmt-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001703644-24-000070
- JSON: https://secwatch.observer/filing/0001703644-24-000070.json
- Plain text: https://secwatch.observer/filing/0001703644-24-000070.txt

## Key facts
- Earnings Releases
  Granite Point Mortgage Trust Inc. reported the fiscal quarter ended March 31, 2024 results: net income $(77.7) million, EPS $(1.53) per basic share.
  - Period: the fiscal quarter ended March 31, 2024
  - Net income: $(77.7) million
  - EPS: $(1.53) per basic share
  - Result: reported results
  source text: Granite Point Mortgage Trust Inc. Reports First Quarter 2024 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1703644/000170364424000070/0001703644-24-000070-index.htm

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