Third Quarter 2023 Financial Results Call
Latest Financial Results
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.
Book value per common share was $13.28 as of September 30, 2023, inclusive of $(2.89) per common share total CECL reserve.
Portfolio of $3.1 billion in total commitments.
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
Granite Point Mortgage Trust at a Glance
In total commitments
Loans (99% senior, 98% floating rate)
Weighted-average All-in Yield
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 by Property Type
Portfolio by Geography
As of Sep. 30, 2023 • 10-Q 3Q 2023
Granite Point Mortgage Trust Inc.
3 Bryant Park
New York, NY 10036
Equiniti Trust Company
P.O. Box 64856
St. Paul, MN 55164-0856