SCHEDULE: BlackRock Discloses 2.6% Passive Stake in Granite Point Mortgage Trust

BlackRock, Inc. has filed an amended Schedule 13G, reporting a 2.6% passive beneficial ownership stake in Granite Point Mortgage Trust Inc. as of June 30, 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 1,248,349 shares of Common Stock in Granite Point Mortgage Trust Inc.
• This ownership represents 2.6% of the total outstanding Common Stock of Granite Point Mortgage Trust Inc.
• BlackRock, Inc. holds sole voting power and sole dispositive power over all 1,248,349 reported shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Granite Point Mortgage Trust Inc.
• This filing is Amendment No. 6 to the Schedule 13G.
• The ownership snapshot date for this filing is June 30, 2025, with the filing submitted on July 2, 2025.
• BlackRock, Inc. has granted a power of attorney to several individuals, including Spencer Fleming (who signed this filing), to execute SEC filings related to ownership and control-person reporting.
• Specific BlackRock subsidiaries involved in the beneficial ownership include BlackRock (Netherlands) B.V., BlackRock Fund Advisors, BlackRock Institutional Trust Company, National Association, and BlackRock Investment Management, LLC.

Sentiment

Score: 5

Explanation: This is a neutral, routine compliance filing disclosing a passive ownership stake. It provides no positive or negative operational or financial news about the issuer.

Positives

• BlackRock's passive stake indicates a long-term investment perspective without intent to influence control, which can be viewed as a stable institutional holding.
• The filing confirms BlackRock's continued investment in Granite Point Mortgage Trust Inc., signaling ongoing confidence from a major asset manager.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or BlackRock's future investment intentions beyond the passive nature of the current holding.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

This filing is a routine disclosure by a major institutional investor, BlackRock, regarding its passive stake in a mortgage real estate investment trust (REIT), Granite Point Mortgage Trust Inc. Such filings are common and reflect portfolio adjustments or ongoing investment strategies by large asset managers within the financial services and real estate sectors.

Comparison to Industry Standards

• As a passive ownership disclosure, this filing does not provide performance metrics for direct comparison to industry standards.
• BlackRock's 2.6% stake is below the 5% threshold that would typically trigger more active reporting requirements (Schedule 13D), aligning with its stated passive investment intent.
• Other large asset managers like Vanguard or State Street routinely file similar Schedule 13G reports for their passive holdings across various public companies, often holding similar small, non-controlling stakes.

Stakeholder Impact

• Shareholders of Granite Point Mortgage Trust Inc. are informed of BlackRock's continued passive investment, which may be viewed as a vote of confidence from a large institutional investor.

Next Steps

• BlackRock, Inc. will continue to monitor its investment in Granite Point Mortgage Trust Inc.
• Further Schedule 13G amendments will be filed if there are significant changes in beneficial ownership (e.g., crossing 5% threshold, or changes in ownership by more than 1%).

Key Dates

Keywords

BlackRock, Granite Point Mortgage Trust, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Institutional Investor, Mortgage REIT