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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Loans held-for-investment $ 2,616,884 $ 2,718,486
Allowance for credit losses (264,140) (134,661)
Loans held-for-investment, net 2,352,744 2,583,825
Cash and cash equivalents 85,916 188,370
Restricted cash 12,880 10,846
Real estate owned, net 42,820 16,939
Accrued interest receivable 10,725 12,380
Other assets 41,666 34,572
Total Assets [1] 2,546,751 2,846,932
Liabilities    
Repurchase facilities 791,556 875,442
Securitized debt obligations 938,075 991,698
Secured credit facility 85,192 84,000
Dividends payable 6,335 14,136
Other liabilities 20,892 22,633
Total Liabilities [1] 1,842,050 1,987,909
Commitments and Contingencies (see Note 10)
Stockholders’ Equity    
7.00% Series A cumulative redeemable preferred stock, par value $0.01 per share; 11,500,000 shares authorized, and 8,229,500 and 8,229,500 shares issued and outstanding, respectively; liquidation preference $25.00 per share 82 82
Common stock, par value $0.01 per share; 450,000,000 shares authorized, and 50,684,117 shares and 50,577,841 issued and outstanding, respectively 507 506
Additional paid-in capital 1,198,894 1,198,048
Cumulative earnings (69,696) 67,495
Cumulative distributions to stockholders (425,211) (407,233)
Total Granite Point Mortgage Trust Inc. Stockholders’ Equity 704,576 858,898
Non-controlling interests 125 125
Total Equity 704,701 859,023
Total Liabilities and Stockholders’ Equity $ 2,546,751 $ 2,846,932
[1] The condensed consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of these VIEs, and liabilities of the consolidated VIEs for which creditors do not have recourse to Granite Point Mortgage Trust Inc. At June 30, 2024, and December 31, 2023, assets of the VIEs totaled $1,101,207 and $1,233,821, respectively, and liabilities of the VIEs totaled $939,878 and $994,081, respectively. See Note 5 - Variable Interest Entities and Securitized Debt Obligations, for further detail.

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