Granite Point Mortgage Trust Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
GPMT$2.85-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(17,343) | $(168,215) |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Accretion of discounts and net deferred fees on loans held-for-investment and deferred interest capitalized to loans held-for-investment | (4,600) | (4,331) |
| Amortization of deferred debt issuance costs | 3,186 | 4,335 |
| Provision for credit losses | 13,111 | 164,219 |
| (Gain) loss on extinguishment of debt | — | 423 |
| Amortization of equity-based compensation | 5,534 | 6,165 |
| Proceeds received from deferred interest capitalized on loans held-for-investment | — | 2,935 |
| Depreciation and amortization on real estate owned | 5,837 | 4,580 |
| Gain on sale of real estate owned | (301) | — |
| Net change in assets and liabilities: | ||
| (Increase) decrease in accrued interest receivable | (328) | 3,212 |
| Decrease (increase) in other assets | (5,773) | (1,963) |
| Increase (decrease) in other liabilities | 222 | (2,634) |
| Net cash provided by (used in) operating | (455) | 8,726 |
| Cash Flows From Investing Activities: | ||
| Originations, acquisitions and additional fundings of loans held-for-investment, net of deferred fees | (34,421) | (41,348) |
| Proceeds from repayment of loans held-for-investment | 291,422 | 342,912 |
| Increase in other assets, due from servicer on repayments of loans held-for-investment | — | (42) |
| Capital expenditures related to real estate owned | (2,799) | (1,966) |
| Acquisition costs on real estate owned | (1,587) | — |
| Proceeds from sale of real estate owned | 16,655 | — |
| Purchases of other investments | (3,245) | (366) |
| Net cash provided by investing activities | 266,025 | 299,190 |
| Cash Flows From Financing Activities: | ||
| Proceeds from repurchase facilities | 13,700 | 78,485 |
| Principal payments on repurchase facilities | (173,453) | (247,914) |
| Principal payments on securitized debt obligations | (111,850) | (176,447) |
| Proceeds from secured credit facility | — | 1,192 |
| Repayment of secured credit facility | (7,500) | — |
| Payment of debt issuance costs | (1,663) | (843) |
| Tax withholding on restricted stock and RSUs | (1,102) | (1,185) |
| Repurchase of common stock | (5,662) | (3,602) |
| Dividends paid on preferred stock | (10,801) | (10,801) |
| Dividends paid on common stock | (7,806) | (21,313) |
| Net cash used in financing activities | (306,137) | (382,428) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (40,567) | (74,512) |
| Cash, cash equivalents, and restricted cash at beginning of period | 114,470 | 199,216 |
| Cash, cash equivalents, and restricted cash at end of period | $73,903 | $124,704 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $74,139 | $120,774 |
| Cash paid for federal taxes | $100 | $— |
| Cash paid for state taxes | $78 | $— |
| Noncash Activities: | ||
| Dividends declared but not paid at end of period | $6,164 | $6,296 |
| Transfers from loan held-for investment and receivables to real estate owned | $71,000 | $35,659 |
| Acquisition of working capital related to real estate owned | $63 | $— |
| Right-of-use lease asset and operating lease liability assumed | $7,239 | $— |
| Transfer of other receivables to loans held-for-investment | $980 | $— |
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