secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001703644-25-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GPMT reports Q4 GAAP net loss $42.4M ($0.86/sh); credit provision $37.2M; BV $8.47
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- GAAP net loss Q4 $42.4M ($0.86 per share); full-year loss $221.5M ($4.39 per share).
- Distributable earnings loss Q4 $98.2M ($1.98/share) including $95.2M write-offs.
- Book value $8.47/sh reflects $4.12/sh CECL reserve; total CECL reserve $201M (9.2% of loans).
- Post Q4: took REO Miami Beach office ($71M) and resolved Boston office loan, expecting $16.6M write-off.
- Repurchased 1.2M shares Q4 at avg $3.45; unrestricted cash ~$75M as of Feb 12, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364425000021/0001703644-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364425000021/gpmt-20250213.htm
  HTML page:      https://secwatch.observer/filing/0001703644-25-000021

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