earnings
confidence high
sentiment negative
materiality 0.75
Granite Point Q3 GAAP net loss $0.6M; distributable earnings loss $18.9M
Granite Point Mortgage Trust Inc.
2025-Q3 EPS reported
-$0.59
- GAAP net loss $(0.6)M ($0.01/sh); benefit from credit losses $1.6M ($0.03/sh).
- Distributable earnings loss $(18.9)M ($0.40/sh); distributable earnings before realized gains $0.9M ($0.02/sh).
- Book value per common share $7.94, inclusive of $(2.82)/sh CECL reserve.
- Loan portfolio net activity $(109.7)M; one $50.0M resolution with $19.4M write-off.
- Post-Q4 to date: funded $2.3M, received $32.7M repayment; refinanced Maynard, MA REO with $18.0M mortgage.