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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Loans held-for-investment $ 2,718,486 $ 3,350,150
Allowance for credit losses (134,661) (82,335)
Loans held-for-investment, net 2,583,825 3,267,815
Cash and cash equivalents 188,370 133,132
Restricted cash 10,846 7,033
Real estate owned, net 16,939 0
Accrued interest receivable 12,380 13,413
Other assets 34,572 32,708
Total Assets [1] 2,846,932 3,454,101
Liabilities    
Repurchase facilities 875,442 1,015,566
Securitized debt obligations 991,698 1,138,749
Asset-specific financings 0 44,913
Secured credit facility 84,000 100,000
Convertible senior notes 0 130,918
Dividends payable 14,136 14,318
Other liabilities 22,633 24,967
Total Liabilities [1] 1,987,909 2,469,431
Commitments and Contingencies (see Note 10)
10.00% cumulative redeemable preferred stock, par value $0.01 per share; 50,000,000 shares authorized 0 1,000
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 50,577,841 shares and 52,350,989 issued and outstanding, respectively 506 524
Additional paid-in capital 1,198,048 1,202,315
Cumulative earnings 67,495 130,693
Cumulative distributions to stockholders (407,233) (350,069)
Total Granite Point Mortgage Trust Inc. Stockholders’ Equity 858,898 983,545
Non-controlling interests 125 125
Total Equity 859,023 983,670
Total Liabilities and Stockholders’ Equity $ 2,846,932 $ 3,454,101
[1] The 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 December 31, 2023, and December 31, 2022, assets of the VIEs totaled $1,233,821 and $1,551,936, respectively, and liabilities of the VIEs totaled $994,081 and $1,141,028, respectively. See Note 5 - Variable Interest Entities and Securitized Debt Obligations, for further detail.

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