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Nov 6, 2024 • 5:25 PM EST

Q3 2024 Quarterly Results

Quarter Ended Sep 30, 2024

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$9.25

Book value per common share was $9.25 as of September 30, 2024, inclusive of $(5.18) per common share of total CECL reserve.

$2.5B

Carried at quarter-end a 97% floating rate loan portfolio with $2.5 billion in total commitments comprised of over 99% senior loans.

$284.7M

Realized $284.7 million of total UPB in loan repayments, principal paydowns and amortization.

Source: Q3 2024 Earnings Release

For complete information regarding our financials, see our periodic filings

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Latest Financial Results

Q3 2024

Quarter Ended Sep 30, 2024

$9.25

Book value per common share was $9.25 as of September 30, 2024, inclusive of $(5.18) per common share of total CECL reserve.

$2.5B

Carried at quarter-end a 97% floating rate loan portfolio with $2.5 billion in total commitments comprised of over 99% senior loans.

$284.7M

Realized $284.7 million of total UPB in loan repayments, principal paydowns and amortization.

Source: Q3 2024 Earnings Release

For complete information regarding our financials, see our periodic filings

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2023

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Stock Snapshot

Granite Point Mortgage Trust at a Glance

$2.5B

In total commitments

100%

Loans (99% senior, 97% floating rate)

S+4.06%

Weighted-average All-in Yield

63.9%*

Weighted Average Stabilized LTV at Origination

As of Sep. 30, 2024 • 10-Q Q3 2024
For complete information regarding our financials, see our periodic filings.

* Stabilized loan-to-value ratio (LTV) is calculated as the fully funded loan amount (plus any financing that is pari passu with or senior to such loan), including all contractually provided for future fundings, divided by the as stabilized value (as determined in conformance with USPAP) set forth in the original appraisal. As stabilized value may be based on certain assumptions, such as future construction completion, projected re-tenanting, payment of tenant improvement or leasing commissions allowances or free or abated rent periods, or increased tenant occupancy.

Granite Point Mortgage Trust Portfolio Composition

Portfolio structure.

Portfolio by Property Type

Portfolio by Property Type

As of Sep 30, 2024 • Earnings Supplemental Q3 2024

View 10-Q

For complete information regarding our financials, see our periodic filings

Portfolio by Geography

Alabama1.4%

Arizona1.1%

California11.2%

Colorado1.5%

Connecticut2.6%

Florida6.1%

Georgia7.0%

Hawaii0.6%

Illinois8.1%

Indiana0.6%

Kentucky2.2%

Louisiana4.3%

Massachusetts4.8%

Michigan0.1%

Minnesota7.5%

North Carolina2.4%

New Jersey3.2%

New York10.7%

Ohio0.7%

Pennsylvania2.2%

Tennessee4.7%

Texas15.5%

Virginia1.6%

As of Sep. 30, 2024 • 3Q 2024

View 10-Q

For complete information regarding our financials, see our periodic filings

Long-term, Value-oriented Commercial Real Estate Finance Company

Exercising a Highly Selective, Cycle-tested Investment Strategy

At Granite Point Mortgage Trust, our objective is to preserve capital while generating highly attractive risk-adjusted returns over the long term. We construct our portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification by property type, market, and sponsor. We assess each investment opportunity from a fundamental value perspective relative to other opportunities available in the market.

A Defensively Positioned and Broadly Diversified Portfolio

Featuring $2.5 billion1 in total commitments, our 100% loan investment portfolio consists of 99% senior first mortgages and over 97% floating rate loans and is broadly diversified across several property types, geographies, and sponsors.

1 Includes maximum loan commitments. Principal balance of $2.3 billion.

View Our Portfolio

IR Contacts

Corporate Office

Granite Point Mortgage Trust Inc.
3 Bryant Park
24th Floor
New York, NY 10036
T: 212-364-5500

Investor Relations

Chris Petta
Investor Relations
T: 212-364-5500
investors@gpmtreit.com

Transfer Agent

Equiniti Trust Company
P.O. Box 64856
St. Paul, MN 55164-0856
T: 651-450-4064
https://www.shareowneronline.com