Granite Point Mortgage Trust Declares Fourth Quarter Dividends, Updates Business Activity
NEW YORK – December 17, 2025 – Granite Point Mortgage Trust Inc. (NYSE: GPMT), a real estate investment trust focused on originating and investing in senior floating-rate commercial mortgage loans, announced today that its Board of Directors has approved its fourth quarter 2025 cash dividend.
Common stockholders will receive a dividend of $0.05 per share, payable on January 15, 2026, to shareholders of record as of the close of business on December 30, 2025.
Additionally, the Board declared a quarterly cash dividend of $0.4375 per share on its 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock. This preferred dividend is also payable on January 15, 2026, to holders of record on December 30, 2025.
**Fourth Quarter Business Highlights:**
The company provided an update on its operational and investment activities for the fourth quarter, indicating a dynamic period of loan management and portfolio adjustment. Key developments include:
* **Loan Funding and Repayments:** Granite Point funded approximately $4.8 million in principal on existing loan commitments. Concurrently, the company experienced significant capital return, with approximately $39.0 million in full and partial principal repayments received. This activity reflects the active management of its loan portfolio and the company’s strategy to redeploy capital.
* **REO Refinancing:** The company successfully refinanced a real estate owned (REO) property in Maynard, Massachusetts. The transaction involved securing a new first mortgage with a principal balance of $18.0 million, carrying a financing spread of S+3.05%. This move demonstrates Granite Point’s ability to optimize its balance sheet by converting non-core assets into interest-bearing investments.
* **Credit Facility Repayment:** Granite Point continued to deleverage its balance sheet by reducing its secured credit facility borrowings by an additional $7.5 million. This ongoing reduction in leverage contributes to enhanced financial flexibility and reduced interest expense.
* **Liquidity Position:** As of December 16, 2025, the company maintained a robust liquidity position, with approximately $66.9 million in unrestricted cash. This substantial cash balance provides operational flexibility and the capacity to pursue new investment opportunities.
**Strategic Outlook and Market Context:**
Granite Point Mortgage Trust operates within a complex commercial real estate debt market influenced by fluctuating interest rates and evolving economic conditions. The company’s focus on floating-rate loans provides a degree of insulation against rising interest rate environments, as the income generated from these assets adjusts upwards with prevailing market rates. This strategy is particularly relevant in the current economic climate, where central banks are navigating inflation and potential policy shifts.
The company’s proactive approach to loan origination, active portfolio management, and disciplined deleveraging suggests a strategy aimed at navigating market volatility while seeking to generate stable income for its shareholders. The consistent dividend payouts, even in a challenging environment, underscore the company’s commitment to returning capital to investors.
**About Granite Point Mortgage Trust Inc.:**
Granite Point Mortgage Trust Inc. is a Maryland-based real estate investment trust primarily focused on originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt investments within the commercial real estate sector. Headquartered in New York City, the company strategically positions itself to capitalize on opportunities in the commercial real estate finance market.
**Forward-Looking Statements:**
This press release contains forward-looking statements, which are not historical in nature and can be identified by terms such as “anticipate,” “estimate,” “will,” “should,” “expect,” “target,” “believe,” “outlook,” “potential,” “continue,” “intend,” “seek,” “plan,” “goals,” “future,” “likely,” and “may,” as well as their negative forms. These statements reflect the Company’s current expectations, beliefs, and projections regarding future events and financial performance. While management believes these expectations are based on reasonable assumptions, there can be no assurance that they will prove to be correct, and actual results may differ materially. Risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission, could impact these forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements.
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