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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Granite Point Mortgage Trust
Granite Point Mortgage Trust (GPMT) investor relations material
Granite Point Mortgage Trust Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Aug, 2026
Executive summary
Reported a GAAP net loss attributable to common stockholders of $(62.0) million, or $(1.29) per share, for Q2 2026, driven by higher credit loss provisions and impairment charges.
Distributable loss to common stockholders was $(37.7) million, or $(0.79) per share, reflecting significant write-offs and discounts on participations sold.
Book value per common share declined to $5.70 at June 30, 2026, including a CECL reserve of $(3.44) per share.
Loan portfolio totaled $1.5 billion in commitments across 38 loans, with a weighted average stabilized LTV at origination of 66.1% and 97% floating rate.
Declared a $0.05 per common share dividend and $0.4375 per Series A preferred share.
Financial highlights
Net interest income for Q2 2026 was $4.8 million, with a net interest spread of -1.2%.
Provision for credit losses was $47.0 million for the quarter; total CECL reserve stood at $165.8 million, or 11.4% of portfolio commitments.
Net loan portfolio activity was $(121.8) million in unpaid principal balance for the quarter.
Total operating expenses rose to $19.6 million in Q2 2026, mainly due to higher impairment losses on real estate owned.
Ended Q2 with $58.5 million in unrestricted cash and a total leverage ratio of 1.9x.
Outlook and guidance
Management expects continued market volatility and uncertainty in commercial real estate, especially in the office sector, due to elevated interest rates, inflation, and hybrid work trends.
Refinanced two legacy CLOs post-quarter, lowering cost of funds by 38 basis points and increasing facility size.
Continued focus on loan repayments and resolutions to position for future growth; portfolio balance expected to trend lower until origination efforts restart.
Plans to mitigate potential covenant breaches include asset sales, dividend adjustments, and active engagement with financing counterparties.
As of August 3, 2026, held approximately $35.7 million in unrestricted cash.
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Latest events from Granite Point Mortgage Trust
- Manages a $1.8B diversified senior loan portfolio with disciplined risk management and moderate leverage.GPMT
Investor presentation - Q3 2024 net loss driven by credit losses and loan write-offs, with a focus on portfolio de-risking.GPMTInvestor presentation
- All board proposals passed, with no shareholder questions or additional proposals submitted.GPMTAGM 2026
- Q1 2026 saw a $6.0M net loss, improved loan resolutions, and a lower CECL reserve at 7.9%.GPMTQ1 2026
- Virtual vote set for June 2026 on directors, executive pay, and auditor ratification.GPMTProxy filing
- Proxy details director elections, executive pay changes, and auditor ratification, with a focus on governance.GPMTProxy filing
- Q4 2025 net loss $27.4M; portfolio $1.8B; leverage, costs cut; new originations planned.GPMTQ4 2025
- Q2 net loss of $66.7M, high credit reserves, strong liquidity, and dividend cut amid market stress.GPMTQ2 2024
- Q3 2024 loss of $34.6M driven by loan write-offs; book value fell to $9.25.GPMTQ3 2024
Next Granite Point Mortgage Trust earnings date
Q3 20265 Nov, 2026
Granite Point Mortgage Trust
Next Granite Point Mortgage Trust earnings date
Q3 20265 Nov, 2026
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Frequently asked questions
Granite Point Mortgage Trust Inc. is a real estate investment trust (REIT) that focuses on originating, investing in, and managing commercial real estate loans. The company primarily provides senior floating-rate loans for properties such as office buildings, multifamily residences, industrial properties, and hotels. Granite Point aims to generate income through its investment portfolio by providing financing solutions for real estate developers and investors. The company is headquartered in New York, New York, and its shares are listed on the NYSE.