Granite Point (GPMT) Q2 FY26 earnings call

Granite Point focused on resolving legacy loans and reducing its cost of capital in Q2 FY26, successfully refinancing CLOs and completing several loan resolutions. Despite a GAAP and distributable loss, and an increase in CECL reserves, the company is actively managing its risk-rated portfolio and expects to redeploy capital into new investments by year-end, aiming to narrow the gap between market valuation and underlying asset value.