Granite Point posts $60.3 million Q3 net loss as credit loss provision reaches $45.4 million
Granite Point Mortgage Trust reported a third-quarter 2026 GAAP net loss attributable to common stockholders of $60.3 million, or $12.50 per share, compared with a loss of $565 thousand, or $0.12 per share, a year earlier. The loss was driven mainly by a $45.4 million provision for credit losses, and the common dividend was declared at $0.10 per share versus $0.50 in the prior-year quarter. The company said its Board continues a previously announced review of alternatives to enhance stockholder value.
Key points
- GAAP net loss attributable to common stockholders of $60.3 million, or $12.50 per basic share, for the quarter ended September 30, 2026, versus $565 thousand, or $0.12 per share, in Q3 2025
- Provision for credit losses of $45.4 million; total CECL reserve of $185.9 million, or 13.7% of total loan portfolio commitments
- Distributable Earnings (Loss) of $(33.7) million, or $(6.99) per share; common dividend declared at $0.10 per share versus $0.50 a year earlier
- One-for-ten reverse stock split effected October 5, 2026; book value per common share was $44.54 at quarter-end
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.