secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001703644-24-000124
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Point Q2 GAAP net loss $66.7M ($1.31/sh); book value $9.84
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- GAAP net loss of $66.7M, or $1.31 per basic share, includes $60.8M provision for credit losses.
- Distributable loss of $9.1M ($0.18/sh); excluding write-offs, loss was $2.5M ($0.05/sh).
- Book value per common share fell to $9.84 from prior quarter; total CECL reserve $266.9M (9.7% of commitments).
- Resolved $35.7M loan by taking title to office property; modified $37.5M loan, wrote off $4.2M mezzanine note.
- Post quarter-end: resolved $37.1M loan in LA expecting ~$22.2M write-off; July loan repayments ~$143M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364424000124/0001703644-24-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364424000124/gpmt-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001703644-24-000124

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