secwatch.observer — SEC 8-K summary
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Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001703644-25-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GPMT reports Q1 GAAP net loss $10.6M; resolves $230M in risk-rated 5 loans
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- GAAP net loss $(10.6)M ($(0.22)/share); Distributable Loss $(27.7)M ($(0.57)/share).
- Book value $8.24/share; CECL reserve $180.2M (8.8% of loan commitments).
- Repurchased 0.9M shares at avg $2.84 for $2.5M, accreted BV $0.10/share.
- Post-Q1: extended all repurchase facilities ~1 year; resolved two risk-5 loans totaling ~$132M with pre-reserved write-offs ~$36.9M.
- Cash $86.3M at May 5; full payoffs on two office loans $32.1M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364425000075/0001703644-25-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364425000075/gpmt-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001703644-25-000075

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