Granite Point Mortgage Trust Inc. Declares Quarterly Cash Dividends for Q3 2025

This heading succinctly captures the main focus of the content, highlighting the key announcement regarding the dividends.

Granite Point Mortgage Trust Declares Quarterly Dividends Amid Positive Portfolio Developments

NEW YORK, NY – September 17, 2025 – Granite Point Mortgage Trust Inc. (NYSE: GPMT) has announced a quarterly cash dividend of $0.05 per share of common stock for the third quarter of 2025, reflecting the company’s ongoing commitment to returning value to its shareholders. The dividend will be payable on October 15, 2025, to stockholders on record as of October 1, 2025.

In addition, the Board of Directors declared a cash dividend of $0.4375 per share for its 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, also payable on October 15, 2025.

Jack Taylor, President and CEO of Granite Point, expressed optimism about the company’s recent progress in resolving nonperforming loans and repositioning its portfolio. “We have continued our progress in resolving nonperforming loans and maintaining strong momentum in repositioning our portfolio with the resolutions in 2025,” Taylor stated, highlighting a recent partial resolution on a loan secured by an office and retail property in Chicago.

Key Developments in Q3

Granite Point’s third-quarter update reveals several significant milestones:

• Chicago Loan Resolution: In August, the company received a $3.4 million partial paydown on a loan secured by an office and retail property in Chicago. Previously on nonaccrual status with an unpaid principal balance of $79.7 million, the loan is now expected to be reclassified from office to retail following the sale of the office portion of the property.

• Louisville Property Sale: In July, a loan secured by a student housing property in Louisville, KY, was resolved, leading to an anticipated write-off of approximately $19.3 million. This write-off had been reserved for through a previously recorded allowance for credit losses.

• Credit Facility Extension: The maturity of the secured credit facility has been extended to December 2026, with a reduction in the financing spread by 75 basis points and a decrease in borrowings by $7.5 million.

• Financial Position: As of September 16, 2025, Granite Point reported approximately $64.3 million in unrestricted cash, indicating a solid liquidity position.

About Granite Point Mortgage Trust Inc.

Granite Point Mortgage Trust Inc. is a Maryland corporation focused on originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt-related commercial real estate investments. Headquartered in New York, the company continues to navigate the complexities of the commercial real estate market with a strategic approach.

For more information, visit www.gpmtreit.com.

Looking Ahead

As Granite Point Mortgage Trust continues to address its portfolio challenges and enhance shareholder value, investors and stakeholders will be keenly watching its next moves. The company’s proactive measures in loan management and financial strategy signal a commitment to resilience in a fluctuating market.

For inquiries, please contact Chris Petta, Investor Relations at Granite Point Mortgage Trust Inc., at (212) 364-5500 or via email at investors@gpmtreit.com.