Granite Point Q1 net loss $6.0M, resolves Chicago retail loan, CECL reserve drops to 7.9%

Granite Point Mortgage Trust Inc.

2026-Q1 EPS reported -$0.13

GAAP net loss attributable to common stockholders of $(6.0)M ($(0.13)/share); distributable earnings loss $(3.0)M.
Book value per common share $7.05; total CECL reserve 9.4% of loan commitments at quarter end.
Post quarter-end resolved $76.0M Chicago retail loan; CECL reserve decreased to 7.9%.
Repurchased 0.2M shares at avg $1.74; ended quarter with $43.6M unrestricted cash.
Extended Citibank financing facility to April 2027; net loan portfolio activity $(175.1)M UPB.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Granite Point Mortgage Trust Inc. reported quarter ended March 31, 2026 results: net income GAAP net (loss) attributable to common stockholders of $(6.0) million, EPS $(0.13) per basic weighted average common share.

Period: quarter ended March 31, 2026
Net income: GAAP net (loss) attributable to common stockholders of $(6.0) million
EPS: $(0.13) per basic weighted average common share
Result: reported results

Exact text from the filing

optimizing our balance sheet, we are positioning the company for future growth." First Quarter 2026 Activity • Recognized GAAP net (loss) attributable to common stockholders of $(6.0) million, or $(0.13) per basic weighted average common share. • Distributable Earnings (Loss) (1) of $(3.0) million, or $(0.06) per basic weighted average common share. •

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Granite Point Mortgage Trust Inc. filing history →

Source: SEC EDGAR

accession 0001703644-26-000019

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