Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported a GAAP net loss attributable to common stockholders of USD 27.4 million, or USD 0.58 per basic weighted average common share, for the fourth quarter (Q4) of 2025. The quarterly results included a provision for credit losses of USD 14.4 million, or USD 0.30 per basic weighted average common share. For the full year (FY) 2025, the company recorded a GAAP net loss attributable to common stockholders of USD 55.6 million, or USD 1.16 per basic common share. Distributable loss for the year was USD 94.6 million, or USD 1.98 per basic weighted average common share, while distributable loss before realized gains and losses was USD 7.2 million, or USD 0.15 per basic weighted average common share. At year-end, $Granite Point Mortgage Trust Inc.(GPMT-A)$ reported an allowance for credit losses of USD 148.4 million, representing approximately 8.4% of total loan commitments of USD 1.8 billion. The company ended the quarter with USD 66 million in unrestricted cash and a total leverage ratio of 2.0x. Key business highlights for 2025 included five loan resolutions, seven full loan repayments, and one REO asset sale. In Q4, the company further reduced its secured credit facility by USD 7.5 million and refinanced its Maynard, MA REO with a first mortgage loan payable of USD 18 million at a financing spread of S+3.05%. After quarter-end, Granite Point Mortgage Trust Inc. received two full loan repayments totaling USD 174 million, decreased its repurchase facilities weighted average cost of financing by about 60 basis points, and reduced its total leverage ratio from 2.0x to 1.7x. These actions are part of the company’s ongoing efforts to reposition its portfolio and reallocate capital for new originations later in the year.

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