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Latest Financial Results

Q3 2023

Quarter Ended Sep 30, 2023

$9.5M

Generated pre-loss Distributable Earnings of $9.5 million, or $0.18 per basic share, and Distributable (Loss)(2) of $(7.3) million, or $(0.14) per basic share, inclusive of a write-off of $(16.8) million, or $(0.32) per basic share.

$13.28

Book value per common share was $13.28 as of September 30, 2023, inclusive of $(2.89) per common share total CECL reserve.

$3.1B

Portfolio of $3.1 billion in total commitments.

$177.5M

Realized $177.5 million of total UPB in loan repayments, principal paydowns and amortization.

Source: Q3 2023 Earnings Release

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2022

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Stock Snapshot

Granite Point Mortgage Trust at a Glance

$3.1B

In total commitments

100%

Loans (99% senior, 98% floating rate)

S+3.98%

Weighted-average All-in Yield

63.3%*

Weighted Average Stabilized LTV

As of Sep. 30, 2023 • 10-Q Q3 2023
For complete information regarding our financials, see our periodic filings.

* Stabilized loan-to-value ratio (LTV) is calculated as the fully funded loan amount (plus any financing that is pari passu with or senior to such loan), including all contractually provided for future fundings, divided by the as stabilized value (as determined in conformance with USPAP) set forth in the original appraisal. As stabilized value may be based on certain assumptions, such as future construction completion, projected re-tenanting, payment of tenant improvement or leasing commissions allowances or free or abated rent periods, or increased tenant occupancy.

Granite Point Mortgage Trust Portfolio Composition

Portfolio structure.

Portfolio by Property Type

Portfolio by Property Type

As of Sep. 30, 2023 • 10-Q Q3 2023

View 10-Q

For complete information regarding our financials, see our periodic filings

Portfolio by Geography

Alabama2.3%

Arizona0.9%

California11.7%

Colorado1.2%

Connecticut2.1%

Florida6.2%

Georgia8.1%

Hawaii0.5%

Illinois7.6%

Indiana0.5%

Kentucky1.8%

Louisiana5.7%

Massachusetts5.0%

Michigan0.2%

Minnesota5.9%

North Carolina2.1%

New Jersey2.6%

New York10.4%

Ohio0.7%

Oklahoma0.8%

Pennsylvania2.3%

South Carolina0.9%

Tennessee3.7%

Texas12.8%

Virginia3.2%

Wisconsin0.6%

As of Sep. 30, 2023 • 10-Q 3Q 2023

View 10-Q

For complete information regarding our financials, see our periodic filings

Long-term, Value-oriented Commercial Real Estate Finance Company

Exercising a Highly Selective, Cycle-tested Investment Strategy

At Granite Point Mortgage Trust, our objective is to preserve capital while generating highly attractive risk-adjusted returns over the long term. We construct our portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification by property type, market, and sponsor. We assess each investment opportunity from a fundamental value perspective relative to other opportunities available in the market.

A Defensively Positioned and Broadly Diversified Portfolio

Featuring $3.1 billion1 in total commitments, our 100% loan investment portfolio consists of 99% senior first mortgages and over 98% floating rate loans and is broadly diversified across several property types, geographies, and sponsors.

1 Includes maximum loan commitments. Principal balance of $2.9 billion.

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IR Contacts

Corporate Office

Granite Point Mortgage Trust Inc.
3 Bryant Park
24th Floor
New York, NY 10036
T: 212-364-5500

Investor Relations

Chris Petta
Investor Relations
T: 212-364-5500
investors@gpmtreit.com

Transfer Agent

Equiniti Trust Company
P.O. Box 64856
St. Paul, MN 55164-0856
T: 651-450-4064
https://www.shareowneronline.com