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Granite Point Mortgage Trust logo

Granite Point Mortgage Trust Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Granite Point Mortgage Trust holds $1.5B in total assets. Cash and equivalents total $44.2M. Based on the Q1 2026 filing.

Total Assets$1.5BTotal Stockholders Equity$543.7MCash And Equivalents$44.2M
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$70.0M
ROE-6.37%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued interest$8.7M$7.5M$7.5M$7.6M$7.6M$7M
Dividends payable$6.2M$6.2M$6.2M$6.2M$6.2M$6.2M
Lease Liability Payments - 2021—$6.4M$4.4M$5.5M—$5.7M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Common stock488K450M450M450M450M450M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued48.8M48.4M47.4M47.4M47.6M47.9M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$488K$484K$474K$474K$476K$479K
Cumulative earnings-$139.6M-$146.6M-$159.9M-$156.9M-$180.7M-$183.1M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$82K$82K$82K$82K$82K$82K
Noncontrolling interests$125K$125K$125K$125K$125K$125K
Preferred stock$82K$82K$82K$82K$82K$82K
Distributions in excess of accumulated earnings$437.7M$443.9M$450.1M$456.3M$462.4M$468.7M
Share-Based Payment - Nonvested Awards (Number)—5.7M6.4M6.1M—5.9M
Share-Based Payment - Unrecognized Cost of Nonvested Awards$5.23$4.12$3.90$3.89$3.60$2.76
Total liabilities and stockholders' equity$2.1B$2B$1.9B$1.8B$1.8B$1.5B
Total stockholders' equity$619.1M$604.7M$584.2M$582M$552.7M$543.7M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for credit losses$199.7M$177.3M$152M$130.9M$145.9M$147.3M
Gross loans$2.1B$1.9B$1.8B$1.7B$1.7B$1.5B
Loans 90+ Days Past Due—$354.7M$125M$109.7M—$343.2M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)—$1.2M$1.1M$1.1M—$807K
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)—$657K$561K$561K—$189K
Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4$1.9B$1.8B$1.7B$1.6B$1.5B$1.4B
Other Assets$51.5M$47.5M$44.6M$43.4M$37.8M$35.3M
Net real estate investments$42.8M$114.5M$98.7M$98.3M$92M$93.2M
Operating Lease Income - 2026 (Lessor)—$4.7M$5.1M$5.1M—$4M
Operating Lease Income - 2027 (Lessor)—$4.9M$5.4M$5.4M—$6.7M
Operating Lease Income - 2028 (Lessor)—$4.8M$5.3M$5.3M—$6.5M
Operating Lease Income - 2029 (Lessor)—$4.7M$5.1M$5.1M—$4M
Operating Lease Income - Thereafter (Lessor)—$4.4M$4.8M$4.8M—$7.2M
Other non-current assets$51.5M$4.4M$4.8M$4.8M$37.8M$7.2M
Total assets$2.1B$2B$1.9B$1.8B$1.8B$1.5B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cash and cash equivalents$114.5M$100.4M$95.9M$73.9M$80.1M$44.2M
Operating Lease Income - 2022 (Lessor)—$6.4M$4.4M$5.5M—$5.7M
Operating Lease Income - 2025 (Lessor)—$4.8M$5.3M$5.3M—$6.5M
Operating Lease Receivables (Current)—$6.4M$4.4M$5.5M—$5.7M
Restricted cash$26.7M$14.7M$10.8M$11.2M$14.1M$599K

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Beneficial interests issued by consolidated variable interest entities$788.3M$773.3M$743.5M$677.1M$643.5M$535.7M
Other non-current liabilities$16.7M$24.6M$22.8M$23.1M$24.2M$19.9M
Other Secured Financings$86.8M$86.8M$86.8M$79.3M$71.8M$71.8M
Secured Debt$0———$17.5M$17.6M
Total liabilities$1.5B$1.4B$1.3B$1.2B$1.2B$998.6M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Line of Credit Maximum Borrowing Capacity$1.2B$1.2B$969.9M$947M$961.8M$925M
Line of Credit Remaining Borrowing Capacity$638.6M$693.4M$495.5M$508.9M$522.6M$577.5M
Operating Lease Income - 2023 (Lessor)—$4.9M$5.4M$5.4M—$6.7M
Operating Lease Income - 2024 (Lessor)—$4.9M$5.4M$5.4M—$6.7M
Thereafter—$59K$0$0—$0
2030—$32K$15K$15K—$0
2029—$77K$61K$61K—$15K
2026—$228K$138K$64K—$118K
2028—$94K$77K$77K—$57K
2027—$199K$179K$178K—$74K
Carrying Value of Collateral, Assets$822.1M$763.4M$720M$700.1M$669M$566.6M
Repurchase liability$597.9M$534.5M$474.4M$438.1M$439.2M$347.5M
Below Market Lease, Amortization Income, after Year Five—$0$0$0—$0
Below Market Lease, Amortization Income, Year One—$44K$28K$14K—$42K
2027—$26K$27K$27K—$0
Below Market Lease, Amortization Income, Year Four—$31K$27K$27K—$26K
Below Market Lease, Amortization Income, Year Three—$33K$26K$26K—$27K
Below Market Lease, Amortization Income, Year Two—$63K$56K$56K—$27K
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$450M$450M$450M$450M$450M$450M
Common stock, shares issued (in shares)$48.8M$48.4M$47.4M$47.4M$47.6M$47.9M
Common Stock, Shares, Outstanding$48.8M$48.4M$47.4M$47.4M$47.6M$47.9M
Debt covenant, interest coverage ratio, actual—120.0%130.0%130.0%—140.0%
Minimum unrestricted cash amount—$30M$30M$30M—$30M
Debt covenant, net cash proceeds of additional equity issuances, amount—$600M$600M$600M—$600M
Debt instrument, amount—$9.3M$8.3M$6.9M—$4.9M
Debt covenant, recourse (as a percent)—5.0%5.0%5.0%—5.0%
Debt covenant, tangible net worth, amount—$784.8M$739.5M$715.6M—$692.3M
Debt covenant, tangible net worth (as a percent)—75.0%75.0%75.0%—75.0%
Debt covenant, target asset leverage ratio (as a percent)—71.7%71.4%69.5%—63.2%
Debt covenant, total leverage ratio (as a percent)—64.4%64.3%63.0%—59.0%
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest, And Off-Balance-Sheet, Credit Loss, Liability$201M$180.2M$155.1M$133.6M$148.4M$148.5M
Unpaid principal balance$2.1B$1.9B$1.8B$1.7B$1.7B$1.5B
Financing receivable, excluding accrued interest, nonaccrual, principal balance—$354.9M$222.8M$196.3M—$344M
Financing Receivable, Excluding Accrued Interest, Nonaccrual—$354.7M$125M$109.7M—$343.2M
Prior$986.5M$913.7M$825.4M$775.6M$747.3M$1B
Year one$45.7M$0$0$0$0$0
Year four$411.4M$336.3M$336.6M$341.2M$322.8M$56M
Year five$67.6M$412.4M$409.1M$411M$412.7M$256.9M
Year two$54.1M$42.6M$43.4M$0$0$0
Year three$332.4M$55.5M$56.8M$54.9M$54.8M$0
Financing Receivable, Held for Investment, Nonaccrual$453.1M$354.7M$125M$109.7M$277.5M$343.2M
Number of loans, nonaccrual—5.003.003.00—7.00
Number of other investment loans—————4.00
Debt, portfolio, weighted average risk rating310.0%300.0%280.0%280.0%290.0%320.0%
2028—$3.2M$2.7M$2.7M—$1.1M
2030—$1.2M$1.1M$1.1M—$807K
2031—$853K$811K$811K—$369K
2027—$3M$1.8M$856K—$1.8M
2029—$1.2M$1.2M$1.2M—$1.1M
Finite Lived Intangible Assets Amortization Expense After Year Five—$657K$561K$561K—$189K
Thereafter—$81K$667K$669K—$470K
2030—$218K$379K$383K—$299K
2029—$243K$384K$387K—$440K
2026—$182K$170K$98K—$344K
2028—$243K$397K$401K—$446K
2027—$243K$397K$401K—$460K
Line Of Credit Facility Current Borrowing Capacity$1.2B$1.2B$969.9M$947M$961.8M$925M
Loans Receivable Fair Value Disclosure$2B$1.8B$1.7B$1.6B$1.6B$1.4B
Noncontrolling interests in subsidiaries$125K$125K$125K$125K$125K$125K
Percentage of loan portfolio (as a percent)100.0%100.0%100.0%100.0%100.0%100.0%
Number of loans54.0050.0047.0044.0043.0040.00
Real estate owned, included in other assets and liabilities——$8.3M$7.2M—$5M
Real estate owned, including amount in other assets and liabilities——$107M$105.5M—$98.2M
Repurchase agreement counterparty, amount at risk$278.4M$261.5M$288.3M$289.6M$251.7M$233.6M
Securitized debt obligations, at fair value$751.7M$751.6M$708.4M$655.3M$628.1M$521.1M
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value$5.2$4.1$3.9$3.9$3.6$2.8
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number—$5.7M$6.4M$6.1M—$5.9M
Unamortized net deferred origination fees-$9M-$7.3M-$6.6M-$6.6M-$6.3M—
Unfunded commitments$90.6M$92.7M$78.3M$75.6M$77.4M—
Weighted average coupon (as a percent)6.4%6.5%7.0%6.9%6.2%—
Sublease Income - Thereafter—$4.4M$4.8M$4.8M—$7.2M