Highest-materiality recent filing
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.
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).
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).
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 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.
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 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.
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.
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
Max materiality 0.85 · Median 0.55 · Most common event earnings