v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Loans held-for-investment $ 1,389,380 $ 1,683,644
Allowance for credit losses (163,484) (145,912)
Loans held-for-investment, net 1,225,896 1,537,732
Cash and cash equivalents 58,478 65,958
Restricted cash 48,994 14,108
Real estate owned, held-for-investment, net 29,984 92,039
Real estate owned assets, held-for-sale 62,151 0
Accrued interest receivable 5,465 7,594
Other assets 31,786 37,793
Total Assets [1] 1,462,754 1,755,224
Liabilities    
Repurchase facilities 313,721 439,173
Securitized debt obligations 521,646 643,528
Secured credit facility 71,774 71,774
Dividends payable 6,172 6,164
Real estate owned liabilities, held-for-sale 7,251 0
Other liabilities 15,898 24,227
Total Liabilities [1] 982,357 1,202,412
Commitments and Contingencies (see Note 9)
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 48,198,166 shares and 47,563,643 issued and outstanding, respectively 482 476
Additional paid-in capital 1,196,075 1,195,279
Cumulative earnings (241,543) (180,708)
Cumulative distributions to stockholders (474,824) (462,442)
Total Granite Point Mortgage Trust Inc. Stockholders’ Equity 480,272 552,687
Non-controlling interests 125 125
Total Equity 480,397 552,812
Total Liabilities and Stockholders’ Equity 1,462,754 1,755,224
Mortgage loan payable    
Liabilities    
Secured credit facility 18,000 18,000
Secured debt 17,594 17,546
Loan participations sold    
Liabilities    
Secured debt $ 28,301 $ 0
[1] The condensed 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 June 30, 2026, and December 31, 2025, assets of the VIEs totaled $677,641 and $807,051, respectively, and liabilities of the VIEs totaled $522,530 and $644,801, respectively. See Note 5 - Variable Interest Entities and Securitized Debt Obligations, for further detail.