NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Tuesday reported a loss of $20.9 million in its third quarter.

The New York-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 18 cents per share.

The real estate investment trust posted revenue of $66.7 million in the period. Its adjusted revenue was $19.9 million.

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