GPMT - Earnings announcements

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended March 31, 2026, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing first quarter 2026 financial results can be viewed at www.gpmtreit.com. "We have continued our progress in legacy loan repayments and resolutions," said Jack Taylor, President and Chief Executive Officer of GPMT, "as demonstrated by recent repayments of two large legacy loans, the sale of a junior hotel note above par, the sale of a subordinate interest in debt secured by an office property, and the final resolution of the C

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced the sale of a hotel loan during the first quarter of 2026 and resolution of a risk-rated "5" loan during the second quarter. GPMT will release financial results for the quarter ended March 31, 2026, after market close on Tuesday, May 5, 2026. The Company will host a conference call to review the financial results on Wednesday, May 6, 2026, at 11:00 a.m. ET. Business Update In March, the Company sold a $12.9 million loan secured by a hotel property located in Kailua-Kona, HI. The loan was sold to a third-party at a price above its outstanding principal balance and GAAP carrying value

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ended December 31, 2025, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing fourth quarter and full year 2025 financial results can be viewed at www.gpmtreit.com. "2025 was an impactful year for Granite Point with five loan resolutions, seven full loan repayments and one REO asset sale," said Jack Taylor, President Chief Executive Officer of GPMT. "We've continued this positive momentum in 2026, as we've received two full loan repayments of $174 million and meaningfully decreased ou

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter and full year ended December 31, 2025, after market close on Wednesday, February 11, 2026. The Company will host a conference call to review the financial results on Thursday, February 12, 2026, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtre

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended September 30, 2025, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2025 financial results can be viewed at www.gpmtreit.com. Third Quarter 2025 Activity Recognized GAAP net (loss) attributable to common stockholders of $(0.6) million, or $(0.01) per basic weighted average common share, inclusive of a benefit from credit losses of $1.6 million, or $0.03 per basic weighted average common share. Distributable Earnings (Loss)(1) of $(18.9) million or $(0.40) per basic weigh

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended September 30, 2025, after market close on Wednesday, November 5, 2025. The Company will host a conference call to review the financial results on Thursday, November 6, 2025, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended June 30, 2025, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing second quarter 2025 financial results can be viewed at www.gpmtreit.com. "We continued our progress in resolving nonperforming loans and reducing higher-cost debt," said Jack Taylor, President and Chief Executive Office of GPMT. "Year-to-date, five risk-rated 5 loans have been resolved, inclusive of another resolution after quarter end, leaving two remaining. We also sold an REO office property during the second quarter. Addi

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended June 30, 2025, after market close on August 5, 2025. The Company will host a conference call to review the financial results on August 6, 2025, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investors section under the Ne

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended March 31, 2025, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing first quarter 2025 financial results can be viewed at www.gpmtreit.com. "We started 2025 on a strong note and made significant progress in achieving our objectives," said Jack Taylor, President and Chief Executive Officer of GPMT. "So far this year, we have resolved three risk-rated 5 loans, with a fourth closing imminently, totaling approximately $230 million, leaving three remaining. We also received four full loan repaymen

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended March 31, 2025, after market close on May 6, 2025. The Company will host a conference call to review the financial results on May 7, 2025, at 11:00 a.m. ET. Business Update and Preliminary Estimates for First Quarter 2025 As of April 28,2025, carried approximately $74 million in unrestricted cash. Extended the maturities of all repurchase facilities by approximately one year. Year-to-date, realized over $70 million in full and partial principal repayments, including the full repayment of an office loan. Anticipates near

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ended December 31, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing fourth quarter and full year 2024 financial results can be viewed at www.gpmtreit.com. "We have made substantial progress in successfully executing on our primary objective by resolving nonperforming loans totaling over $340 million in 2024, with several more resolutions either closed or well underway in 2025. We also received twelve loan repayments of about $415 million," said Jack Taylor, President and Chi

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter and full year ended December 31, 2024, after market close on February 13, 2025. The Company will host a conference call to review the financial results on February 14, 2025, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Invest

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2024 financial results can be viewed at www.gpmtreit.com. "Our third quarter results are highlighted by multiple nonaccrual loan resolutions, produced by our active portfolio management strategy, and accretive share buybacks," said Jack Taylor, President and Chief Executive Officer of Granite Point. "This forward momentum has continued with over $280 million of nonaccrual loans that already have been or are

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended September 30, 2024, after market close on November 6, 2024. The Company will host a conference call to review the financial results on November 7, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investors section unde

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending June 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing second quarter 2024 financial results can be viewed at www.gpmtreit.com. "We have made meaningful progress addressing our nonearning assets over the last few months," said Jack Taylor, President and Chief Executive Officer of Granite Point. "We anticipate executing on significant additional nonaccrual resolutions and realizing more loan repayments through the rest of the year. The reduction in our book value this quarter res

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended June 30, 2024, after market close on August 5, 2024. The Company will host a conference call to review the financial results on August 6, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investors section under the Ne

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending March 31, 2024, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2024 financial results can be viewed at www.gpmtreit.com. "Our first quarter earnings were primarily affected by the factors continuing to impact the commercial real estate sector, including prolonged high interest rates, historically low transaction volume and suppressed market liquidity," said Jack Taylor, President and Chief Executive Officer of Granite Point. "We increased our CECL reserves in the first quarter main

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended March 31, 2024, after market close on May 7, 2024. The Company will host a conference call to review the financial results on May 8, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations section under th

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ending December 31, 2023, and provided an update on its activities subsequent to quarter-end. A presentation containing fourth quarter and full year 2023 financial results can be viewed at www.gpmtreit.com. "During 2023, in light of the challenging macro environment, we prudently managed our business by actively managing our loan portfolio and maintaining a strong liquidity position, actions which protected our investors' capital," said Jack Taylor, president and Chief Executive Officer of GPMT. "Over the course of the year, we realiz

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter and full year ended December 31, 2023, after market close on February 14, 2024. The Company will host a conference call to review the financial results on February 15, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Invest

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2023, and provided an update on its activities subsequent to quarter-end. A presentation containing third quarter 2023 financial results can be viewed at www.gpmtreit.com. "We are pleased to report another quarter of progress on our business priorities despite the ongoing broader real estate market challenges," said Jack Taylor, President and Chief Executive Officer of Granite Point. "With our proactive portfolio and liabilities management, we recently resolved one of our nonaccrual loans and repaid the second of our corporate

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended September 30, 2023, after market close on November 7, 2023. The Company will host a conference call to review the financial results on November 8, 2023, at 12:00 p.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations se

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending June 30, 2023, and provided an update on its activities subsequent to quarter-end. A presentation containing second quarter 2023 financial results can be viewed at www.gpmtreit.com. "GPMT had another strong operating quarter as our Pre-loss Distributable Earnings of $0.20 per share again covered our common stock dividend, despite our maintaining leverage levels considerably below our longer-term targets. We remain focused on protecting both sides of the balance sheet and emphasizing liquidity as we navigate this continuing uncertain environm

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended June 30, 2023, after market close on August 8, 2023. The Company will host a conference call to review the financial results on August 9, 2023, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations section und

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending March 31, 2023, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2023 financial results can be viewed at www.gpmtreit.com. "Despite the difficult economic environment, our business delivered strong operating results in the first quarter, as our distributable earnings increased to $0.20 per basic share and covered our common dividend. Given the market uncertainties, we will continue to maintain our conservative approach, protecting our balance sheet and emphasizing liquidity, while di

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended March 31, 2023, after market close on May 9, 2023. The Company will host a conference call to review the financial results on May 10, 2023, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations section under t

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the fourth quarter and full year ended December 31, 2022, and provided an update on its activities subsequent to quarter-end. A presentation containing fourth quarter and full year 2022 financial results can be viewed at www.gpmtreit.com. Jack Taylor, Chief Executive Officer of GPMT, said, "Despite the challenging macro environment, our core business has delivered solid operating performance for 2022, supported by our diversified and resilient portfolio of senior mortgage loans secured by institutional quality real estate. During 2022 we proactively managed our

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter and year ended December 31, 2022, after market close on February 23, 2023. The Company will host a conference call to review the financial results on February 24, 2023, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Rel

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended September 30, 2022, and provided an update on its activities subsequent to quarter-end. A presentation containing third quarter 2022 financial highlights can be viewed at www.gpmtreit.com. Third Quarter 2022 Activity GAAP net (loss)(1) of $(29.1) million, or $(0.56) per basic share, inclusive of a $(35.4) million, or $(0.68) per basic share, provision for credit losses. Distributable Earnings(2) of $8.7 million, or $0.17 per basic share. Book value of $15.24 per common share, inclusive of $(1.63) per common share CECL reserve. Declared

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended September 30, 2022, after market close on November 8, 2022. The Company will host a conference call to review the financial results on November 9, 2022, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (833) 255-2835, (or (412) 902-6769 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations sec

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended June 30, 2022, and provided an update on its activities subsequent to quarter-end. A presentation containing second quarter 2022 financial highlights can be viewed at www.gpmtreit.com. Second Quarter 2022 Activity GAAP net (loss)(1) of $(17.4) million, or $(0.32) per basic share, including a $(13.0) million, or approx. $(0.25) per basic share, loss on early extinguishment of debt and a $(13.6) million , or approx. $(0.26) per basic share, provision for credit losses. Distributable Earnings(2) of $11.7 million, or $0.22 per basic share. B

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended June 30, 2022, after market close on August 8, 2022. The Company will host a conference call to review the financial results on August 9, 2022, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (833) 255-2835, (or (412) 902-6769 for international callers), and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations section und

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended March 31, 2022, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2022 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com. First Quarter 2022 Activity GAAP net income of $1.0 million, or $0.02 per basic share, including a $(5.8) million, or approx. $(0.11) per basic share, charge on early extinguishment of debt and a $(3.7) million provision for credit losses, or approx. $(0.07) per basic share, of which approximately $(0.04) was related to the resolu

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended March 31, 2022, after market close on May 10, 2022. The Company will host a conference call to review the financial results on May 11, 2022, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (833) 255-2835, (or (412) 902-6769 for international callers), and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations section under

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ended December 31, 2021, and provided an update on its activities subsequent to quarter-end. A presentation containing fourth quarter and full year 2021 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com. Fourth Quarter 2021 Activity GAAP net income of $6.7 million, or $0.13 per basic share, including a $(8.9) million, or approx. $(0.17) per basic share charge on early extinguishment of debt and a $5.0 million, or $0.09 per basic share benefit from release of CECL reserve. Distributable Earnings(1)

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter and full year ended December 31, 2021 after market close on February 24, 2022. The Company will host a conference call to review the financial results on February 25, 2022, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (833) 255-2835, (or (412) 902-6769 for international callers), and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investo

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended September 30, 2021, and provided an update on its activities subsequent to quarter-end. A presentation containing third quarter 2021 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com. Third Quarter 2021 Activity GAAP net income of $18.6 million, or $0.34 per basic share, including a release of prior CECL reserves of $5.8 million, or approx. $0.11 per basic share. Distributable Earnings(1) of $5.1 million, or $0.09 per basic share, inclusive of a $(9.7) million, or $(0.18) per basic share, write-off relate

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended September 30, 2021 after market close on November 8, 2021. The Company will host a conference call to review the financial results on November 9, 2021, at 10:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (833) 255-2835, (or (412) 902-6769 for international callers), and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations sec

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended June 30, 2021, and provided an update on its activities subsequent to quarter-end. A presentation containing second quarter 2021 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com. Second Quarter 2021 Activity GAAP net income of $14.2 million, or $0.26 per basic share, including a reversal of interest income of $(2.1) million, or $(0.04) per basic share related to three loans placed on nonaccrual status during the quarter. Distributable Earnings(1) of $15.7 million, or $0.29 per basic share. Book value o

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended June 30, 2021 after market close on August 9, 2021. The Company will host a conference call to review the financial results on August 10, 2021, at 10:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (833) 255-2835, (or (412) 902-6769 for international callers), and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investor Relations section und

Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended March 31, 2021, and provided an update on its activities subsequent to quarter-end. A presentation containing first quarter 2021 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com. First Quarter 2021 Activity GAAP net income of $28.0 million, or $0.51 per basic share, inclusive of $0.17 per basic share release of prior CECL reserves. Distributable Earnings(1) of $20.7 million, or $0.38 per basic share. Net interest income of $27.8 million. Book value of $17.22 per common share, inclusive of $(1.14) per

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter and full year ended December 31, 2020, and provided an update on its activities subsequent to quarter-end. A presentation containing fourth quarter 2020 financial highlights and activity post quarter-end can be viewed at www.gpmtreit.com. Fourth Quarter 2020 Activity GAAP net income of $23.1 million, or $0.42 per basic share, inclusive of $0.16 release of prior CECL reserves and $(0.05) of internalization-related restructuring charges. Distributable Earnings(1) of $18.4 million, or $0.33 per basic share. Net