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Palogic urges Granite Point Mortgage to cut costs, halt new loans

Tue, 18 Aug 2026 09:00:24 -0400

Palogic Value Fund, LP, a Dallas-based investment firm that holds over one million shares of Granite Point Mortgage Trust Inc. (NYSE: GPMT), sent a letter to the company's Board of Trustees on August 18, 2026, calling for significant operational and strategic changes.

The letter, written by Palogic principals Ryan Vardeman and Scott Williams, cited a decline in Granite Point's GAAP book value from $17.27 per share as of June 30, 2021, to $5.70 per share as of June 30, 2026. The company's stock price declined approximately 89.8% over the same period. At the August 14 closing price of $1.19, shares were

Palogic urges Granite Point Mortgage to cut costs, halt new loans

Tue, 18 Aug 2026 09:00:24 -0400

Palogic urges Granite Point Mortgage to cut costs, halt new loans

Tue, 18 Aug 2026 09:00:24 -0400

Palogic urges Granite Point Mortgage to cut costs, halt new loans

Tue, 18 Aug 2026 09:00:24 -0400

Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust

Tue, 18 Aug 2026 09:00:00 -0400

Highlights Concerns About a Diminished Franchise, Credit Deterioration, Declining Margins, and Corporate Cost Structure

Urges Board to Expedite Legacy Asset Resolution, Aggressively Reduce Costs, Halt Pursuit of New Loan Originations, and Return Value to Shareholders

DALLAS--(BUSINESS WIRE)-- Palogic Value Fund, LP and Palogic Value Management, LP (collectively, “Palogic” “we” or “our”) issued the following letter on August 18, 2026, to the Board of Trustees (the “Board”) of Granite Point Mortgage Trust Inc. (“Granite Point” or the “Company”) (NYSE: GPMT).

August 18, 2026

Granite Point Mortgage Trust
c/o Corporate Secretary
1114 Avenue of the Americas, Suite 3020
New York,

Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust

Tue, 18 Aug 2026 09:00:00 -0400

Highlights Concerns About a Diminished Franchise, Credit Deterioration, Declining Margins, and Corporate Cost Structure

Urges Board to Expedite Legacy Asset Resolution, Aggressively Reduce Costs, Halt Pursuit of New Loan Originations, and Return Value to Shareholders

August 18, 2026

Granite Point Mortgage Trust
c/o Corporate Secretary
1114 Avenue of the Americas, Suite 3020
New York,

Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust

Tue, 18 Aug 2026 09:00:00 -0400

Highlights Concerns About a Diminished Franchise, Credit Deterioration, Declining Margins, and Corporate Cost Structure

Urges Board to Expedite Legacy Asset Resolution, Aggressively Reduce Costs, Halt Pursuit of New Loan Originations, and Return Value to Shareholders

August 18, 2026

Granite Point Mortgage Trust
c/o Corporate Secretary
1114 Avenue of the Americas, Suite 3020
New York,

Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust

Tue, 18 Aug 2026 09:00:00 -0400

Highlights Concerns About a Diminished Franchise, Credit Deterioration, Declining Margins, and Corporate Cost Structure

Urges Board to Expedite Legacy Asset Resolution, Aggressively Reduce Costs, Halt Pursuit of New Loan Originations, and Return Value to Shareholders

August 18, 2026

Granite Point Mortgage Trust
c/o Corporate Secretary
1114 Avenue of the Americas, Suite 3020
New York,

Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust

Tue, 18 Aug 2026 09:00:00 -0400

Highlights Concerns About a Diminished Franchise, Credit Deterioration, Declining Margins, and Corporate Cost Structure

Urges Board to Expedite Legacy Asset Resolution, Aggressively Reduce Costs, Halt Pursuit of New Loan Originations, and Return Value to Shareholders

August 18, 2026

Granite Point Mortgage Trust
c/o Corporate Secretary
1114 Avenue of the Americas, Suite 3020
New York,

Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust

Tue, 18 Aug 2026 09:00:00 -0400

Highlights Concerns About a Diminished Franchise, Credit Deterioration, Declining Margins, and Corporate Cost Structure

Urges Board to Expedite Legacy Asset Resolution, Aggressively Reduce Costs, Halt Pursuit of New Loan Originations, and Return Value to Shareholders

August 18, 2026

Granite Point Mortgage Trust
c/o Corporate Secretary
1114 Avenue of the Americas, Suite 3020
New York,

Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust

Tue, 18 Aug 2026 09:00:00 -0400

Highlights Concerns About a Diminished Franchise, Credit Deterioration, Declining Margins, and Corporate Cost Structure

Urges Board to Expedite Legacy Asset Resolution, Aggressively Reduce Costs, Halt Pursuit of New Loan Originations, and Return Value to Shareholders

August 18, 2026

Granite Point Mortgage Trust
c/o Corporate Secretary
1114 Avenue of the Americas, Suite 3020
New York,

Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust

Tue, 18 Aug 2026 09:00:00 -0400

Highlights Concerns About a Diminished Franchise, Credit Deterioration, Declining Margins, and Corporate Cost Structure

Urges Board to Expedite Legacy Asset Resolution, Aggressively Reduce Costs, Halt Pursuit of New Loan Originations, and Return Value to Shareholders

August 18, 2026

Granite Point Mortgage Trust
c/o Corporate Secretary
1114 Avenue of the Americas, Suite 3020
New York,

Granite Point Mortgage Trust (GPMT) PT Lowered to $1.25 at Keefe, Bruyette & Woods

Wed, 12 Aug 2026 09:20:34 -0400

Keefe, Bruyette & Woods analyst Jade Rahmani lowered the price target on Granite Point Mortgage Trust (NYSE: GPMT) to $1.25 (from $1.50) while maintaining a rating.

Granite Point Mortgage Trust Inc. (GPMT) Misses Q2 EPS by 43c

Wed, 05 Aug 2026 17:32:33 -0400

Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported Q2 EPS of ($0.79), $0.43 worse than the analyst estimate of ($0.36).

For earnings history and earnings-related data on Granite Point Mortgage Trust Inc. (GPMT) click here.

Form 10-Q Granite Point Mortgage For: Jun 30

Wed, 05 Aug 2026 16:17:00 -0400

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Form 10-Q Granite Point Mortgage For: Jun 30

Wed, 05 Aug 2026 16:17:00 -0400

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Form 10-Q Granite Point Mortgage For: Jun 30

Wed, 05 Aug 2026 16:17:00 -0400

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Granite Point Mortgage Trust Inc. Reports Second Quarter 2026 Financial Results and Post Quarter-End Update

Wed, 05 Aug 2026 16:15:00 -0400

NEW YORK--(BUSINESS WIRE)-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ended June 30, 2026, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing second quarter 2026 financial results can be viewed at www.gpmtreit.com.

“We continued to execute on our strategic priorities," said Jack Taylor, President, Chief Executive Officer, and Director of Granite Point. "The refinancing of our two legacy CLOs with JPMorgan lowered our cost of funds on these assets by 38 basis points.

Granite Point Mortgage Trust Inc. Reports Second Quarter 2026 Financial Results and Post Quarter-End Update

Wed, 05 Aug 2026 16:15:00 -0400

Granite Point Mortgage Trust Inc. Reports Second Quarter 2026 Financial Results and Post Quarter-End Update

Wed, 05 Aug 2026 16:15:00 -0400

Granite Point Mortgage Trust Inc. Reports Second Quarter 2026 Financial Results and Post Quarter-End Update

Wed, 05 Aug 2026 16:15:00 -0400

Form 8-K Granite Point Mortgage For: Aug 05

Wed, 05 Aug 2026 16:15:00 -0400

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Form 8-K Granite Point Mortgage For: Aug 05

Wed, 05 Aug 2026 16:15:00 -0400

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Form 8-K Granite Point Mortgage For: Aug 05

Wed, 05 Aug 2026 16:15:00 -0400

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Form 8-K Granite Point Mortgage For: Jul 28

Mon, 03 Aug 2026 17:03:00 -0400

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