Highest-materiality recent filing
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).
Maximum facility amount increased to $651 million.
Granite Point Mortgage Trust amends repurchase facilities with Morgan Stanley and Citibank
Morgan Stanley facility termination extended to June 28, 2027; payment waterfall mechanics adjusted.
Independent directors now receive $100K cash retainer ($160K Chair), $50K RSU ($80K Chair), and $50K long-term cash ($80K Chair).
Granite Point Q1 net loss $6.0M, resolves Chicago retail loan, CECL reserve drops to 7.9%
GAAP net loss attributable to common stockholders of $(6.0)M ($(0.13)/share); distributable earnings loss $(3.0)M.
Granite Point reports Q4 GAAP net loss $27.4M; post-quarter-end loan repayments $174M
Q4 2025 GAAP net loss to common $(27.4M) ($0.58/share) includes $14.4M credit loss provision.
Exhibit 99.1 titled 'January 2026 Investor Presentation' is furnished, but its content is not included in the filed text.
Granite Point Q3 GAAP net loss $0.6M; distributable earnings loss $18.9M
GAAP net loss $(0.6)M ($0.01/sh); benefit from credit losses $1.6M ($0.03/sh).
GPMT extends JPMorgan repurchase facility termination date to April 2026
Amendment No. 13 to Master Repurchase Agreement extends Additional Advance Termination Date to April 12, 2026.
Granite Point Q2 GAAP net loss $17M; resolves nonperforming loans, buys back shares
GAAP net loss attributable to common stockholders $17.0M ($0.35 per share); distributable loss $45.3M ($0.94 per share).
Shareholders approve 10M-share incentive plan at GPMT annual meeting
Amended 2022 Omnibus Incentive Plan approved; 10,000,000 shares authorized, expires June 2035.
Granite Point Mortgage Trust adopts 10b5-1 plan to repurchase up to 1.25M shares
Plan allows repurchase of up to 1,250,000 shares of common stock commencing May 13, 2025.
GPMT reports Q1 GAAP net loss $10.6M; resolves $230M in risk-rated 5 loans
GAAP net loss $(10.6)M ($(0.22)/share); Distributable Loss $(27.7)M ($(0.57)/share).
Granite Point reports prelim Q1 net loss of $10.6M; book value $8.24; extends repo facilities
Q1 2025 GAAP net loss attributable to common stockholders estimated $(10.6)M ($0.22/share), including $(3.8)M credit loss provision.
GPMT reports Q4 GAAP net loss $42.4M ($0.86/sh); credit provision $37.2M; BV $8.47
GAAP net loss Q4 $42.4M ($0.86 per share); full-year loss $221.5M ($4.39 per share).
Granite Point appoints Patrick Halter and Lazar Nikolic to Board of Directors
Patrick Halter and Lazar Nikolic appointed to Board effective Jan 15, 2025; Halter on Compensation Committee, Nikolic on Nominating and Governance.
Steven Plust resigns as COO no later than May 1, 2025; will continue as Senior Managing Director until Dec 31, 2027.
Investor presentation filed as Exhibit 99.1 on Jan 6, 2025, providing a business overview.
Granite Point posts Q3 GAAP net loss $34.6M, book value $9.25; resolves $280M+ nonaccrual loans
GAAP net loss $34.6M ($0.69/share) includes $27.9M provision for credit losses.
Granite Point Mortgage extends JPMorgan repurchase facility maturity to Oct 2025
Amendment No. 12 to Master Repurchase Agreement with JPMorgan Chase dated Oct 29, 2024.
GPMT renegotiates repurchase-facility covenants; lowers tangible net worth floor to $600M
Minimum Tangible Net Worth reduced to $600M plus 75% of net equity proceeds after Sep 30, 2024.
Granite Point Mortgage Trust CFO Urbaszek resigns effective Dec 1; Johnson to succeed
CFO Marcin Urbaszek resigns effective Dec 1, 2024, to join a global financial institution; no disagreement with company.
Granite Point Q2 GAAP net loss $66.7M ($1.31/sh); book value $9.84
GAAP net loss of $66.7M, or $1.31 per basic share, includes $60.8M provision for credit losses.
Thirteenth Amendment to Master Repurchase Agreement with Morgan Stanley Bank, N.A.
GPMT grants 1.3M RSUs to executives and key employees, vesting over 3 years
CEO John A. Taylor granted 256,410 RSUs; other NEOs: Alpart 160,256, Urbaszek 160,256, Morral 80,128, Plust 80,128.
Granite Point Mortgage Trust annual meeting elects all six director nominees
All six director nominees elected: Dehne, Kasnet, McGrath, Sanders, Taylor, Woodhouse.
Granite Point Mortgage Trust Q1 2024 GAAP net loss $77.7M, book value $11.14
GAAP net loss attributable to common of $77.7M ($1.53/share), including $75.6M provision for credit losses.
Granite Point reports Q4 GAAP net loss $17.1M; distributable loss $0.52 per share
Q4 GAAP net loss $(17.1)M ($0.33/share) incl. $(21.6)M provision; FY net loss $(77.6)M.
Granite Point Mortgage files Jan 2024 investor presentation; no specific details disclosed in filing
Filed under Item 7.01 Regulation FD with exhibit 99.1: January 2024 Investor Presentation.
Granite Point Q3 GAAP net loss $24.5M ($0.48/share); repays $132M convertible notes
GAAP net loss attributable to common stockholders of $24.5M, or $(0.48) per basic share, with $31.0M provision for credit losses.
GPMT expands JPMorgan repurchase facility by up to $100M with 18-month term
Maximum facility amount increased to $425M plus any Additional Advance Maximum Amount.
Granite Point Mortgage Trust furnishes investor presentation; no specific updates disclosed
Filed investor presentation as Exhibit 99.1; full content not available in the excerpt provided.
Granite Point Q2 GAAP net income $1.4M ($0.03/sh); Pre-loss DE $0.20 covers dividend
Pre-loss Distributable Earnings $10.2M ($0.20/sh) covers $0.20/common dividend; GAAP net income $1.4M ($0.03/sh).
GPMT amends repurchase facility guaranties; eases tangible net worth and interest coverage covenants
Revised tangible net worth minimum to $816.9M + 75% of net equity proceeds after Aug 3, 2023.
Granite Point Mortgage extends JPMorgan repurchase facility to 2025, with extension option to 2026
Extended initial maturity of repurchase facility with JPMorgan to July 28, 2025; final maturity capped at July 28, 2026.
Granite Point Mortgage Trust shareholders elect directors, approve say-on-pay, ratify auditor
All six director nominees elected with votes ranging from 22.96M to 23.24M for, broker non-votes 13.86M.
Granite Point posts May 2023 investor presentation; no material new details in truncated exhibit
Filed a business overview presentation under Item 7.01 Regulation FD.
Granite Point Q1 GAAP loss $0.72/shr; distributable earnings $0.20/shr covers dividend
GAAP net loss $(37.5)M ($(0.72)/shr) includes $(46.4)M provision for credit losses.
Granite Point extends Morgan Stanley repurchase facility to $475M, term to June 2024
Maximum facility amount set at $475 million.
Granite Point Mortgage Trust Amends Repurchase Facilities with $425M JPMorgan Increase
JPMorgan Amendment increases maximum facility amount to $425 million for subsidiary GP Commercial JPM LLC.
Granite Point Q4 GAAP net loss $9.9M ($0.19/sh); book value $14.86; declares $0.20 dividend
Q4 GAAP net loss $9.9M ($0.19/sh) includes $16.5M provision for credit losses.
Granite Point Mortgage Trust appoints REIT veteran Sheila McGrath to Board, effective Jan 9, 2023
Sheila McGrath appointed as independent director effective January 9, 2023; Board now has 6 directors (5 independent).
Granite Point Mortgage Trust posts January 2023 investor presentation with business overview
Presentation provides overview of company's business and strategy as of January 2023.
Granite Point reports Q3 GAAP net loss $29.1M, distributable earnings $0.17/share
GAAP net loss of $29.1M ($0.56 loss per share) includes $35.4M provision for credit losses.
Entered into First Amendment to Amended and Restated Master Repurchase Agreement with Citibank, N.A. on September 30, 2022.
GPMT posts Q2 GAAP net loss of $17.4M, distributable earnings $11.7M; maintains $0.25 dividend
GAAP net loss of $17.4M ($0.32/share) includes $13M debt extinguishment loss and $13.6M credit loss provision.
Granite Point amends JPMorgan repurchase facility: maturity to June 2024, max amount $350M
Amendment extends maturity to June 28, 2024, with option for 364-day extension to June 28, 2025.
Stockholders approve 2022 Omnibus Incentive Plan authorizing up to 7.25M shares
All five director nominees elected with strong support (For votes ~32M-32.3M, Broker non-votes ~11.6M).
Granite Point amends Citi repo facility; adds swingline, extends to May 2025
Amended Master Repurchase Agreement with Citibank adds swingline for short-term CRE loan financing.
Granite Point Mortgage Trust furnishes May 2022 investor presentation
Filing includes Exhibit 99.1: an investor presentation with business overview.
Effective January 15, 2025, the Board of Directors (the “Board”) of Granite Point Mortgage Trust Inc. (the “Company”) appointed Patrick Halter and Lazar Nikolic to serve as members of the Board until the Company’s 2025 Annual Meeting of Stockholders.
Effective January 15, 2025, the Board of Directors (the “Board”) of Granite Point Mortgage Trust Inc. (the “Company”) appointed Patrick Halter and Lazar Nikolic to serve as members of the Board until the Company’s 2025 Annual Meeting of Stockholders.
Mr. Lebowitz will immediately begin serving as Deputy Chief Operating Officer of the Company
will assume the role of Chief Operating Officer of the Company on May 1, 2025
Steven Plust will resign from his role as Vice President, Chief Operating Officer of the Company no later than May 1, 2025
On August 25, 2024, Marcin Urbaszek notified the Board of Directors (the “ Board ”) of Granite Point Mortgage Trust Inc. (the “ Company ”) that he intends to voluntarily resign as Chief Financial Officer of the Company effective December 1, 2024
The employment agreement provides that Mr. Johnson will initially serve as the Deputy Chief Financial Officer of the Company beginning no later than October 28, 2024, and will assume the role of Chief Financial Officer of the Company on December 1, 2024
Effective January 9, 2023, the Board of Directors (the “Board”) of Granite Point Mortgage Trust Inc. (the “Company”) appointed Sheila McGrath to serve as a member of the Board until the Company’s 2023 Annual Meeting of Stockholders.
Max materiality 0.85 · Median 0.50 · Most common event earnings