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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Loans held-for-investment $ 2,097,375 $ 2,718,486
Allowance for credit losses (199,727) (134,661)
Loans held-for-investment, net 1,897,648 2,583,825
Cash and cash equivalents 87,788 188,370
Restricted cash 26,682 10,846
Real estate owned, net 42,815 16,939
Accrued interest receivable 8,668 12,380
Other assets 51,514 34,572
Total Assets [1] 2,115,115 2,846,932
Liabilities    
Repurchase facilities 597,874 875,442
Securitized debt obligations 788,313 991,698
Secured credit facility 86,774 84,000
Dividends payable 6,238 14,136
Other liabilities 16,699 22,633
Total Liabilities [1] 1,495,898 1,987,909
Commitments and Contingencies (see Note 10)
Stockholders’ Equity    
7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share; 11,500,000 shares authorized, and 8,229,500 and 8,229,500 shares issued and outstanding, respectively; liquidation preference $25.00 per share 82 82
Common Stock, par value $0.01 per share; 450,000,000 shares authorized, and 48,801,690 shares and 50,577,841 issued and outstanding, respectively 488 506
Additional paid-in capital 1,195,823 1,198,048
Cumulative earnings (139,556) 67,495
Cumulative distributions to stockholders (437,745) (407,233)
Total Granite Point Mortgage Trust Inc. Stockholders’ Equity 619,092 858,898
Non-controlling interests 125 125
Total Equity 619,217 859,023
Total Liabilities and Stockholders’ Equity $ 2,115,115 $ 2,846,932
[1] The consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of these VIEs, and liabilities of the consolidated VIEs for which creditors do not have recourse to Granite Point Mortgage Trust Inc. At December 31, 2024, and December 31, 2023, assets of the VIEs totaled $951,295 and $1,233,821, respectively, and liabilities of the VIEs totaled $790,339 and $994,081, respectively. See Note 5 - Variable Interest Entities and Securitized Debt Obligations, for further detail.

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