GPMT on NYSE
Granite Point Mortgage Trust Inc.
American real estate investment trust based in New York, listed on NYSE (GPMT). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerGPMT on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersNew York, NY, United States2
- Incorporated inMD3
- Business address1114 Avenue Of The Americas, Suite 3020, New York, Ny3
- Filer categoryAccelerated filer3
- Legal formCorporation2
- Kind of organizationReal estate investment trust2
- LEI529900VX2HQZ76AYIE022
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressSUITE 820, 7 ST. PAUL STREET, 21202 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D179307852
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Granite Point Mortgage Trust Inc. is an internally managed real estate finance company that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Our investment objective is to preserve our stockholders’ capital while generating attractive risk-adjusted returns over the long term, primarily through dividends derived from current income produced by our investment portfolio. We operate as a REIT, as defined under the Internal Revenue Code of 1986, as amended, or the Code. We were incorporated in Maryland on April 7, 2017, and commenced operations as a publicly traded company on June 28, 2017.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loans held-for-investment | $128.8M | $179.6M | $254.7M |
| Cash and cash equivalents | $2.9M | $6.0M | $9.0M |
| Total interest income | $131.7M | $185.6M | $263.7M |
| Repurchase facilities | $39.8M | $71.8M | $86.6M |
| Secured credit facility | $9.6M | $10.8M | $12.3M |
| Securitized debt obligations | $48.2M | $67.0M | $73.0M |
| Mortgage loan payable | $340.0K | $0 | $0 |
| Convertible senior notes | $0 | $0 | $7.0M |
| Asset-specific financings | $0 | $0 | $2.9M |
| Total interest expense | $97.9M | $149.7M | $181.7M |
| Net interest income | $33.8M | $35.9M | $82.0M |
| Revenue from real estate owned operations | $13.6M | $9.3M | $2.6M |
| Provision for credit losses | -$27.5M | -$201.4M | -$104.8M |
| Gain (loss) on sale of real estate owned | $301.0K | $0 | $0 |
| Gain (loss) on extinguishment of debt | $0 | -$786.0K | $238.0K |
| Fee income | $0 | $0 | $134.0K |
| Total other (loss) income | -$13.7M | -$192.9M | -$101.8M |
| Compensation and benefits | $19.9M | $19.5M | $21.7M |
| Servicing expenses | $3.6M | $5.4M | $5.3M |
| Impairment on real estate owned | $6.8M | $0 | $0 |
| Expenses from real estate owned operations | $21.1M | $13.2M | $6.0M |
| Other operating expenses | $9.9M | $12.1M | $10.3M |
| Total expenses | $61.2M | $50.1M | $43.3M |
| (Loss) income before income taxes | -$41.0M | -$207.1M | -$63.1M |
| (Benefit from) provision for income taxes | $149.0K | -$10.0K | $95.0K |
| Net income (loss) | -$41.2M | -$207.1M | -$63.2M |
| Dividends on preferred stock | $14.4M | $14.4M | $14.5M |
| Net (loss) income attributable to common stockholders - basic | -$55.6M | -$221.5M | -$77.6M |
| Basic (loss) earnings per weighted average common share (in usd per share) | -$1.16 | -$4.39 | -$1.50 |
| Diluted (loss) earnings per weighted average common share (in usd per share) | -$1.16 | -$4.39 | -$1.50 |
| Basic (in shares) | 47.9M shares | 50.4M shares | 51.6M shares |
| Diluted (in shares) | 47.9M shares | 50.4M shares | 51.6M shares |
| Net (loss) income attributable to common stockholders - diluted | -$55.6M | -$221.5M | -$77.6M |
| Comprehensive (loss) income | -$55.6M | -$221.5M | -$77.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Loans held-for-investment | $1.7B | $2.1B | $2.7B | |
| Allowance for credit losses | -$145.9M | -$199.7M | -$134.7M | |
| Loans held-for-investment, net | $1.5B | $1.9B | $2.6B | |
| Cash and cash equivalents | $66.0M | $87.8M | $188.4M | |
| Restricted cash | $14.1M | $26.7M | $10.8M | |
| Real estate owned, net | $92.0M | $42.8M | ||
| Accrued interest receivable | $7.6M | $8.7M | ||
| Other assets | $37.8M | $51.5M | ||
| Repurchase facilities | $439.2M | $597.9M | ||
| Securitized debt obligations | $643.5M | $788.3M | ||
| Secured credit facility | $71.8M | $86.8M | ||
| Mortgage loan payable | $17.5M | $0 | ||
| Dividends payable | $6.2M | $6.2M | $14.1M | |
| Other liabilities | $24.2M | $16.7M | ||
| 7.00% Series A Fixed-to-Floating Rate 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 | $82.0K | $82.0K | ||
| Common Stock, par value $0.01 per share; 450,000,000 shares authorized, and 47,563,643 shares and 48,801,690 issued and outstanding, respectively | $476.0K | $488.0K | ||
| Additional paid-in capital | $1.2B | $1.2B | ||
| Cumulative earnings | -$180.7M | -$139.6M | ||
| Cumulative distributions to stockholders | -$462.4M | -$437.7M | ||
| Total Granite Point Mortgage Trust Inc. Stockholders Equity | $552.7M | $619.1M | ||
| Non-controlling interests | $125.0K | $125.0K | ||
| Total Equity | $552.8M | $619.2M | $859.0M | $983.7M |
| Total Liabilities and Stockholders Equity | $1.8B | $2.1B | ||
| Common stock par value per share (in usd per share) | $0.01 | $0.01 | ||
| Common shares authorized (in shares) | 450.0M shares | 450.0M shares | ||
| Common shares issued (in shares) | 47.6M shares | 48.8M shares | ||
| Common shares outstanding (in shares) | 47.6M shares | 48.8M shares | ||
| Assets of consolidated variable interest entities | $1.8B | $2.1B | ||
| Liabilities of consolidated variable interest entities | $1.2B | $1.5B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Loans held-for-investment | $1.7B | $2.1B | $2.7B | |
| Allowance for credit losses | -$145.9M | -$199.7M | -$134.7M | |
| Loans held-for-investment, net | $1.5B | $1.9B | $2.6B | |
| Cash and cash equivalents | $66.0M | $87.8M | $188.4M | |
| Restricted cash | $14.1M | $26.7M | $10.8M | |
| Real estate owned, net | $92.0M | $42.8M | ||
| Accrued interest receivable | $7.6M | $8.7M | ||
| Other assets | $37.8M | $51.5M | ||
| Repurchase facilities | $439.2M | $597.9M | ||
| Securitized debt obligations | $643.5M | $788.3M | ||
| Secured credit facility | $71.8M | $86.8M | ||
| Mortgage loan payable | $17.5M | $0 | ||
| Dividends payable | $6.2M | $6.2M | $14.1M | |
| Other liabilities | $24.2M | $16.7M | ||
| 7.00% Series A Fixed-to-Floating Rate 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 | $82.0K | $82.0K | ||
| Common Stock, par value $0.01 per share; 450,000,000 shares authorized, and 47,563,643 shares and 48,801,690 issued and outstanding, respectively | $476.0K | $488.0K | ||
| Additional paid-in capital | $1.2B | $1.2B | ||
| Cumulative earnings | -$180.7M | -$139.6M | ||
| Cumulative distributions to stockholders | -$462.4M | -$437.7M | ||
| Total Granite Point Mortgage Trust Inc. Stockholders Equity | $552.7M | $619.1M | ||
| Non-controlling interests | $125.0K | $125.0K | ||
| Total Equity | $552.8M | $619.2M | $859.0M | $983.7M |
| Total Liabilities and Stockholders Equity | $1.8B | $2.1B | ||
| Common stock par value per share (in usd per share) | $0.01 | $0.01 | ||
| Common shares authorized (in shares) | 450.0M shares | 450.0M shares | ||
| Common shares issued (in shares) | 47.6M shares | 48.8M shares | ||
| Common shares outstanding (in shares) | 47.6M shares | 48.8M shares | ||
| Assets of consolidated variable interest entities | $1.8B | $2.1B | ||
| Liabilities of consolidated variable interest entities | $1.2B | $1.5B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$41.2M | -$207.1M | -$63.2M |
| Accretion of discounts and net deferred fees on loans held-for-investment and deferred interest capitalized to loans held-for-investment | -$5.6M | -$5.2M | -$8.4M |
| Amortization of deferred debt issuance costs | $4.1M | $5.4M | $8.3M |
| Provision for credit losses | $27.5M | $201.4M | $104.8M |
| Impairment on real estate owned | $6.8M | $0 | $0 |
| (Gain) loss on extinguishment of debt | $0 | $423.0K | -$274.0K |
| Amortization of equity-based compensation | $6.6M | $6.6M | $7.0M |
| Proceeds received from deferred interest capitalized on loans held-for-investment | $0 | $2.9M | $359.0K |
| Depreciation and amortization on real estate owned | $8.0M | $6.5M | $3.5M |
| Straight-line rental income | -$1.1M | $0 | $0 |
| Gain on sale of real estate owned | -$301.0K | $0 | $0 |
| (Increase) decrease in accrued interest receivable | -$318.0K | $3.7M | $1.0M |
| (Increase) decrease in other assets | -$827.0K | -$2.0M | -$771.0K |
| Increase (decrease) in other liabilities | -$980.0K | -$4.0M | -$202.0K |
| Net cash provided by (used in) operating | $2.7M | $8.8M | $52.1M |
| Originations, acquisitions and additional fundings of loans held-for-investment, net of deferred fees | -$47.6M | -$100.8M | -$118.2M |
| Proceeds from loan sales | $0 | $16.4M | $15.0M |
| Proceeds from repayment of loans held-for-investment | $335.7M | $534.6M | $664.6M |
| Increase in other assets, due from servicer on repayments of loans held-for-investment | $0 | -$11.5M | $0 |
| Capital expenditures related to real estate owned | -$4.2M | -$2.8M | $0 |
| Payment For Acquisition Costs, Real Estate, Held-for-Investment | -$1.6M | $0 | $0 |
| Proceeds from sale of real estate owned | $16.7M | $0 | $0 |
| Purchases of other investments | $0 | -$730.0K | $0 |
| Net cash provided by investing activities | $299.0M | $435.2M | $561.4M |
| Proceeds from repurchase facilities | $38.8M | $145.9M | $559.0M |
| Principal payments on repurchase facilities | -$197.5M | -$423.1M | -$699.5M |
| Principal payments on securitized debt obligations | -$145.6M | -$204.5M | -$147.9M |
| Proceeds from asset-specific financings | $0 | $0 | $910.0K |
| Repayment of asset-specific financings | $0 | $0 | -$45.8M |
| Proceeds from secured credit facility | $0 | $2.8M | $0 |
| Repayment of secured credit facility | -$15.0M | $0 | -$16.0M |
| Repayment of convertible senior notes | $0 | $0 | -$131.6M |
| Proceeds from mortgage loan | $18.0M | $0 | $0 |
| Payment of debt issuance costs | -$2.8M | -$2.7M | -$3.9M |
| Tax withholding on restricted stock and RSUs | -$1.5M | -$1.2M | -$966.0K |
| Repurchase of common stock | -$5.7M | -$7.6M | -$10.3M |
| Redemption of cumulative redeemable preferred stock | $0 | $0 | -$1.0M |
| Dividends paid on preferred stock | -$14.4M | -$14.4M | -$14.5M |
| Dividends paid on common stock | -$10.4M | -$24.0M | -$42.9M |
| Net cash used in financing activities | -$336.1M | -$528.7M | -$554.5M |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -$34.4M | -$84.7M | $59.1M |
| Cash paid for interest | $94.8M | $147.0M | $182.6M |
| Cash paid (received) for federal taxes | $115.0K | -$477.0K | $875.0K |
| Cash paid for state taxes | $90.0K | $0 | $89.0K |
| Transfers of loans held-for-investment to loans held-for-sale | $0 | $16.4M | $15.0M |
| Transfers from loan held-for investment and receivables to real estate owned | $71.0M | $35.7M | $24.0M |
| Acquisition of working capital related to real estate owned | $63.0K | $0 | $0 |
| Right-of-use lease asset and operating lease liability assumed | $7.2M | $0 | $0 |
| Transfer of other receivables to loans held-for-investment | $980.0K | $0 | $0 |
| Transfer of other investments to loans held-for-investment | $730.0K | $0 | $0 |
| Principal repayments of loans held-for-investment held by servicer | $86.0K | $0 | $0 |
| Deferred financing costs, not yet paid | $0 | $0 | $1.3M |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Granite Point Mortgage Trust Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
20202025
- Chief financial officerBlake Johnson Dec 2, 2024 to now13
- Chief financial officerMarcin Urbaszek Jun 22, 2017 to Jun 21, 202414
- Chief operating officerEthan Lebowitz May 5, 2025 to now15
- Chief operating officerSteven Plust Jun 22, 2017 to May 5, 202516
Board members and other officers (15)
- Chief Development OfficerPeter M. Morral Jan 4, 2021 to now17
- Chief Investment OfficerStephen Alpart Jun 22, 2017 to now18
- Gen. Coun.,VP and SecretaryRebecca B. Sandberg Jun 30, 2017 to Jun 24, 202019
- Board memberLazar Nikolic Jan 17, 2025 to now20
- Board memberPatrick Gregory Halter Jan 17, 2025 to now21
- Board memberSheila K. McGrath Jan 9, 2023 to now22
- Board memberDevin Chen Oct 29, 2020 to Oct 29, 202023
- Board memberHope B. Woodhouse Jun 22, 2017 to now24
- Board memberMartin Kamarck Jun 22, 2017 to Jan 5, 202125
- Board memberStephen G. Kasnet Jun 22, 2017 to now26
- Board memberTanuja Dehne Jun 22, 2017 to now27
- Board memberThomas Siering Jun 22, 2017 to Apr 4, 201828
- Board memberWilliam Reid Sanders Jun 22, 2017 to Jun 7, 202429
- General counselMichael J. Karber Jan 2, 2020 to now30
- General counselRebecca B. Sandberg Jun 22, 2017 to Jun 26, 201931
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Officer, DirectorJohn Taylor named Jun 13, 202532
Filings
338 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 67 major events, 194 insider forms, 14 large holders, 1 private raises, 42 other. The latest 20:
- Oct 6, 20264 EDGAR
- Oct 6, 20268-K EDGAR
- Oct 5, 20268-K EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Aug 3, 20268-K EDGAR
- Jun 30, 20268-K EDGAR
- Jun 9, 20264 EDGAR
- Jun 9, 20264 EDGAR
- Jun 9, 20264 EDGAR
- Jun 9, 20264 EDGAR
- Jun 9, 20264 EDGAR
- Jun 9, 20264 EDGAR
- Jun 8, 2026144 EDGAR
- Jun 8, 2026144 EDGAR
- Jun 5, 20268-K EDGAR
- Jun 4, 20264 EDGAR
- Jun 4, 20264 EDGAR
- Jun 4, 20264 EDGAR
- Jun 4, 20264 EDGAR
The 338 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
27 open-market trades by officers, directors and large owners since October 2021: 18 buys and 9 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 8, 2026 | DEHNE TANUJA MDirector | Sale | 10,827 | $1.48 | $16.0K | Form 4 |
| Jun 8, 2026 | KASNET STEPHEN GDirector | Sale | 26,772 | $1.48 | $39.6K | Form 4 |
| Nov 12, 2025 | KASNET STEPHEN GDirector | Sale | 45,000 | $2.69 | $121.0K | Form 4 |
| Nov 11, 2025 | Nikolic LazarDirector | Buy | 12,236 | $19.36 | $236.9K | Form 4 |
| Nov 10, 2025 | Nikolic LazarDirector | Buy | 4,000 | $19.31 | $77.2K | Form 4 |
| Nov 10, 2025 | Woodhouse Hope BDirector | Sale | 14,674 | $2.70 | $39.6K | Form 4 |
| Aug 21, 2025 | Woodhouse Hope BDirector | Sale | 5,000 | $2.72 | $13.6K | Form 4 |
| Aug 15, 2025 | Halter Patrick GregoryDirector | Buy | 17,000 | $2.83 | $48.1K | Form 4 |
| Aug 13, 2025 | Nikolic LazarDirector | Buy | 3,000 | $19.61 | $58.8K | Form 4 |
| Jun 9, 2025 | DEHNE TANUJA MDirector | Sale | 8,814 | $2.55 | $22.5K | Form 4 |
| Jun 9, 2025 | KASNET STEPHEN GDirector | Sale | 41,666 | $2.55 | $106.2K | Form 4 |
| May 22, 2025 | TAYLOR JOHN APresident and CEO | Buy | 42,000 | $2.28 | $95.8K | Form 4 |
| May 22, 2025 | Nikolic LazarDirector | Buy | 7,200 | $2.28 | $16.4K | Form 4 |
| May 21, 2025 | Nikolic LazarDirector | Buy | 47,832 | $2.50 | $119.7K | Form 4 |
| May 20, 2025 | Nikolic LazarDirector | Buy | 921 | $2.39 | $2.2K | Form 4 |
| May 15, 2025 | Halter Patrick GregoryDirector | Buy | 29,000 | $2.38 | $69.0K | Form 4 |
| Mar 4, 2025 | Nikolic LazarDirector | Buy | 500 | $17.76 | $8.9K | Form 4 |
| Feb 27, 2025 | Nikolic LazarDirector | Buy | 269 | $17.72 | $4.8K | Form 4 |
| Feb 26, 2025 | Nikolic LazarDirector | Buy | 1,126 | $17.71 | $19.9K | Form 4 |
| Feb 25, 2025 | Halter Patrick GregoryDirector | Buy | 34,001 | $2.80 | $95.2K | Form 4 |
All 27 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202633
- VANGUARD GROUP INCSCHEDULE 13G/A, 6 filings Feb 10, 2022 to Mar 27, 202634
- MILLENNIUM MANAGEMENT LLCSC 13G, 1 filing May 22, 202335
- EJF Capital LPSC 13G/A, 1 filing Feb 25, 202236
Money raised
Private offerings the company reported to the SEC on Form D.
- Jun 5, 2025Filed a private offering of securities Form D: 12 investors so far Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARLazar Nikolic, Board member
- 21SEC EDGARPatrick Gregory Halter, Board member
- 22SEC EDGARSheila K. McGrath, Board member
- 23SEC EDGARDevin Chen, Board member
- 24SEC EDGARHope B. Woodhouse, Board member
- 25SEC EDGARMartin Kamarck, Board member
- 26SEC EDGARStephen G. Kasnet, Board member
- 27SEC EDGARTanuja Dehne, Board member
- 28SEC EDGARThomas Siering, Board member
- 29SEC EDGARWilliam Reid Sanders, Board member
- 30SEC EDGARMichael J. Karber, General counsel
- 31SEC EDGARRebecca B. Sandberg, General counsel
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