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Granite Point Mortgage Trust GPMT Recoveries of previous write-offs

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Other financials

Income statement

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Revenue$2.9M-13.4%
Net income-$58.4M-337%
EPS (diluted)-$1.29-269%

Balance sheet

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Cash & equivalents$107.5M+12.1%
Total equity$480.3M-17.8%
Total assets$1.5B-23.7%

Cash flow

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Operating cash flow-$2.4M+57.8%

Valuation

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Market cap$61.21M-53.0%
P/S5.1×-6.5×

Profitability

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Net margin-683%-88.3pp

Returns & leverage

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Return on equity-15.3%+1.6pp

Where this comes from

Reported directly by Granite Point Mortgage Trust in its filing.

Tagged under the XBRL concept gpmt:FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossAndOffBalanceSheetCreditLossLiabilityRecovery.

The source filing: Granite Point Mortgage Trust’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001703644-26-000020
Three Months Ended March 31, 2026Loans Held-for-Investment / Specific ReserveLoans Held-for-Investment / General ReserveLoans Held-for-Investment / Total Specific and General ReserveUnfunded Loan Commitments(1) / Total General ReserveTotal Allowance for Credit Losses
Balance at beginning of period$104,466$41,446$145,912$2,517$148,429
Provision for (benefit from) credit losses14,869(13,783)1,086(1,302)(216)
Recoveries of previous write-offs300300300
Balance at end of period$119,635$27,663$147,298$1,215$148,513
Three Months Ended March 31, 2025
Balance at beginning of period$154,687$45,040$199,727$1,303$201,030
Provision for (benefit from) credit losses4,204(2,011)2,1931,5773,770
Write-off(24,638)(24,638)(24,638)

Item 1. [Financial Statements (unaudited)](#i1ca9c8c2958049a3bf75697f39de102b_562) [1](#i1ca9c8c2958049a3bf75697f39de102b_562)

FAQ

What is Granite Point Mortgage Trust's recoveries of previous write-offs?
Granite Point Mortgage Trust (GPMT) reported recoveries of previous write-offs of $300K in Q1 2026.
How has Granite Point Mortgage Trust's recoveries of previous write-offs changed year-over-year?
Granite Point Mortgage Trust's recoveries of previous write-offs increased by 235.2% year-over-year, from $89.5K to $300K.
What does recoveries of previous write-offs mean?
Recoveries of previous write-offs as reported by Granite Point Mortgage Trust Inc. Common Stock.

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