secwatch.observer — SEC 8-K summary
======================================

Issuer:     Granite Point Mortgage Trust Inc. (GPMT)
CIK:        0001703644
Form:       8-K
Filed at:   2026-08-05T20:15:05+00:00
Accession:  0001703644-26-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Point Q2 2026 GAAP net loss $62M; refinances CLOs with JPMorgan, lowering cost 38 bps
--------------------------------------------------------------------------------

- GAAP net loss attributable to common stockholders of $62.0M ($1.29 per share); Distributable Earnings loss of $37.7M ($0.79 per share).
- Book value per common share fell to $5.70, including $(3.44) per share of CECL reserve; total CECL reserve $165.8M (11.4% of loan commitments).
- Refinanced two legacy CLOs with JPMorgan: $651M facility at S+2.17%, 2-year term with three 1-year extensions; lowered cost 38 bps.
- Net loan portfolio activity of $(121.8)M in UPB, including resolution of a $76M retail/office loan in Chicago and full repayment of $37.5M office loan in Richmond.
- Ended Q2 with $58.5M unrestricted cash; post-quarter-end cash $35.7M as of Aug 3, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1703644/000170364426000033/0001703644-26-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1703644/000170364426000033/gpmt-20260805.htm
  HTML page:      https://secwatch.observer/filing/0001703644-26-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer