NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Tuesday reported a loss of $74.1 million in its first quarter.

The New York-based company said it had a loss of $1.53 per share. Losses, adjusted for non-recurring costs and stock option expense, were 3 cents per share.

The real estate investment trust posted revenue of $54.1 million in the period. Its adjusted revenue was $12.5 million.

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