Granite Point Mortgage Trust Inc.

For information regarding factors that could affect our results of operations, financial condition and liquidity, see the risk factors discussed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.

In light of developments relating to our secured financing arrangements occurring subsequent to the filing of our Annual Report, specifically the refinancing on our JPMorgan repurchase facility of the assets remaining in our CRE CLOs and on our Morgan Stanley and Citibank repurchase facilities in the three months ending September 30, 2026, we are supplementing the risk factors discussed in our Annual Report with the following risk factor, which should be read in conjunction with the risk factors contained in our Annual Report.

Our substantial reliance on a single financing counterparty exposes us to increased financing and liquidity risks.

As of September 30, 2026, all of our outstanding repurchase facility borrowings, and the vast majority of our asset-level borrowings, were financed through our mark-to-market repurchase facility with JPMorgan. As a result, we are substantially dependent on JPMorgan for our portfolio financing. If JPMorgan were to terminate or decline to extend our financing arrangements, reduce the amount of financing available to us, require additional collateral or repayment of amounts outstanding, or otherwise exercise its contractual rights in a manner adverse to us, our ability to finance and manage our investments could be materially affected. Our ability to obtain replacement financing from other counterparties on acceptable terms or at all may be limited. The concentration of our portfolio financing with a single counterparty on a mark-to-market basis could magnify the adverse effects of any financing disruption and could materially adversely affect our liquidity, financial condition, results of operations and ability to execute our business strategy.