Quarterly ResultAug 5, 2026, 04:23 PM
Granite Point Q2 GAAP Net Loss $(62.0)M; EPS $(1.29)
AI Summary
Granite Point Mortgage Trust Inc. reported a GAAP net loss attributable to common stockholders of $(62.0) million, or $(1.29) per basic weighted average common share, for Q2 2026. Distributable Earnings (Loss) was $(37.7) million, or $(0.79) per share. The company declared a common stock dividend of $0.05 per share and a preferred stock dividend of $0.4375 per share. Post quarter-end, the company refinanced two legacy CLOs, reducing the weighted average cost by 38 basis points.
Key Highlights
- GAAP net loss attributable to common stockholders was $(62.0) million.
- Basic weighted average common share loss was $(1.29).
- Distributable Earnings (Loss) was $(37.7) million, or $(0.79) per share.
- Book value per common share was $5.70, including $(3.44) CECL reserve.
- Declared common stock dividend of $0.05 per share.
- Net loan portfolio activity was $(121.8) million.
- Refinanced two legacy CLOs, lowering cost by 38 basis points.
- Total CECL reserve was $165.8 million, or 11.4% of commitments.
Price Impact
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