Granite Point Mortgage Trust Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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, 2026 · Filed Nov 4, 2026
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, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(117,487) | $(17,343) |
| 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 | (3,354) | (4,600) |
| Amortization of deferred debt issuance costs and discounts | 4,339 | 3,186 |
| Provision for credit losses | 92,169 | 13,111 |
| Impairment loss on real estate owned | 8,724 | — |
| Realized losses on loan sales | 18 | — |
| Amortization of equity-based compensation | 2,926 | 5,534 |
| Depreciation and amortization on real estate owned, held-for-investment | 5,076 | 5,837 |
| Straight-line rental income | (383) | — |
| Gain on sale of real estate owned | — | (301) |
| Net change in assets and liabilities: | ||
| Decrease (increase) in accrued interest receivable | 3,104 | (328) |
| Decrease (increase) in other assets | 5,642 | (5,773) |
| Increase (decrease) in other liabilities | (2,086) | 222 |
| Net cash provided by (used in) operating | (1,312) | (455) |
| Cash Flows From Investing Activities: | ||
| Originations, acquisitions and additional fundings of loans held-for-investment, net of deferred fees | (26,117) | (34,421) |
| Proceeds from loan sales | 12,855 | — |
| Proceeds from repayment of loans held-for-investment | 340,501 | 291,422 |
| Capital expenditures related to real estate owned | (4,414) | (2,799) |
| Acquisition costs on real estate owned | — | (1,587) |
| Proceeds from sale of real estate owned | — | 16,655 |
| Purchases of other investments | — | (3,245) |
| Net cash provided by investing activities | 322,825 | 266,025 |
| Cash Flows From Financing Activities: | ||
| Proceeds from repurchase facilities | 589,422 | 13,700 |
| Principal payments on repurchase facilities | (301,865) | (173,453) |
| Principal payments on securitized debt obligations | (643,767) | (111,850) |
| Repayment of secured credit facility | (4,615) | (7,500) |
| Proceeds from loan participations sold | 27,240 | — |
| Payment of debt issuance costs | (2,432) | (1,663) |
| Tax withholding on vestings | (912) | (1,102) |
| Repurchase of common stock | (306) | (5,662) |
| Dividends paid on preferred stock | (10,801) | (10,801) |
| Dividends paid on common stock | (7,744) | (7,806) |
| Net cash used in financing activities | (355,780) | (306,137) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (34,267) | (40,567) |
| Cash, cash equivalents, and restricted cash at beginning of period | 80,066 | 114,470 |
| Cash, cash equivalents, and restricted cash at end of period | $45,799 | $73,903 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for interest | $48,556 | $74,139 |
| Cash paid for federal taxes | $— | $100 |
| Cash paid for state taxes | $— | $78 |
| Non-cash Activities: | ||
| Transfers of loans held-for-investment to loans held-for-sale | $12,873 | $— |
| Dividends declared but not paid at end of period | $4,114 | $6,164 |
| Transfers from loans held-for investment and receivables to real estate owned | $— | $71,000 |
| Acquisition of working capital related to real estate owned | $— | $63 |
| Right-of-use lease asset and operating lease liability | $835 | $7,239 |
| Principal repayments of loans held-for-investment held by servicer | $783 | $— |
| Transfer of other receivables to loans held-for-investment | $— | $980 |
| Fundings of loans held-for-investment and loan participations sold by participants | $3,680 | $— |
| Transfer of assets to real estate owned assets, held-for-sale | $62,151 | $— |
| Transfer of liabilities to real estate owned liabilities, held-for-sale | $7,251 | $— |
| Deferred financing costs, not yet paid | $1,063 | $— |
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